Page 8 Advertisements Column 3

Horowhenua Chronicle, 30 April 1931, Page 8

PUBLIC NOTICES. THE Monthly Meeting of the New Century Tent, 1.0. R., will be held in the Back Boom of the Whakatane Club Rooms on THURSDAY, APRIL 30th, at 7.30 p.m. J. MeTAGGART, Hon. Secretary. ASSOCIATED LIVE STOCK AUCTIONEERS. LTD. THE Undersigned Stock and Station Agency Companies have decided to form a subsidiary company under the above name, to undertake the selling of live stock both privately and at auction in the Manawatu, Eangitikei, Wanganui and Wairafapa districts, or elsewhere. It has been apparent for some years that this business is conducted on uneconomic lines. Right through New Zealand there are more agents than the aggregate business warrants. The companies concerned are actuated by desire to give service to their clients; but it must be admitted that their activities overlap, with unsatisfactory results to themselves and doubtful benefit to their clients. Financial assistance to the extent of millions of pounds is given to farmer clients, but the companies do not receive therefrom even that nett return which could be obtained from investment in gilt-edged securities, which entail neither risk nor effort. On the other hand such sums are spent annually in salaries, motor-running expenses, very heavy taxation and other charges, that costs are out of all proportion to commissions earned. This state of affairs obviously must be changed. Three alternatives seemed to present themselves, viz:— (a) To increase th e commission rates to farmers. (b) To lay up practically all motor ears and leave farmers to bring their business to the Stock Auctioneering Companies. These two courses, naturally, have been discarded as unfair to the farmer. , There remains as the only acceptable alternative: — (c) To amalgamate to the extent set out herein and give farmers a fully efficient service at a lower cost to themselves. The Associated Live Stock Auctioneers, Ltd., will undertake the selling of live stock on commission, whether at auction or privately, in saleyards or on the farms, and the drafting of fat stock for freezing works. The company will also conduct land agency business. The Head Office will be in Palmerston North, with Branch Offices and Agencies where needed. The Directors will be representative of each of the constituent Companies and will appoint the staff from amongst their present employees. ~ Only experienced auctioneers will bo employed, with a sufficient number of capable agents, drafters and droverg to ensure the interests of all stock owners being adequately eared for. Yards will be maintained in a high state of efficiency and ample accommodation paddocks will be available. The Companies will continue individual operations in stud stock or horses and buying stock for export. As hitherto, they will retain their individual wool and produce businesses. The financing of clients will be carried on, as hitherto, by the subscribing Companies individually, so that present financial arrangements need not be disturbed. Existing personal relations between those Companies and their clients will thus be maintained. The Associated Live Stock Auctioneers, Ltd., will not make advances, selling only on the usual terms of payment. The subscribing Companies will ensure that it has ample capital for its requirements; and, for financial assistance, clients may apply to any of the subscribing Companies. It will be evident, therefore, that sales conduced by the Associated Live Stock Auctioneers, Ltd., will have behind< them a volume of credit hitherto unequalled in the Dominion. It is confidently anticipated that the savings accruing from this rationalisation of business will enable commission rates to be reduced from the date of operation of the Company, tentatively fixed as Ist July next. Full service—reduced rates for selling—saving of clients’ time and effort —continuance of financial assistance —maintenance of personal relations —these facts should ensure welcome and recognition by all farmers that the Associated Live Stock Auctioneers, Ltd., is a rational development by which they also will benefit. Abraham & Williams, Ltd. Dalgety & Co., Ltd. Johnson & Co., Ltd. f Lovin & Co., Ltd. Murray, Roberts, & Co., Ltd. N.Z. Loan & Mercantile Agency, Co. Ltd. Walrarapa Farmers’ Co-Op. Assn., Ltd. Wright, Stephenson « Co. Ltd. MONEY TO LEND. ON FURNITURE, DAIRY STOCK, MOTORS, LIFE POLICIES, ETC., at lowest rates of interest and terms of i epayment arranged to suit borrowers. ‘ No charges or deductions made from advance and ali applications strictly confidential. N.B. —We have been established in this d* strict for a number of years, and have many local satisfied clients. The Manawatu Loan and Discount, Co., Ltd. DAILY TIMES BUILDINGS, Bread way Avenue, Palmerston North. C. F. CRONIN, Manager. 8. E. ALLEN, Secretary. P.O. Box 431. Phone ?682.