Page 8 Advertisements Column 7

Lyttelton Times, Volume LXXV, Issue 9398, 27 April 1891, Page 8

Ptflbllo Companies; PROSPECTUS onraH I[JnIVEESAL C/O-OPBEATTVE Boor AND IS HOE OqMPAWT, TiIMTED. Registered. Under the Companies Act* 1882, i CAPITA!, ... 7.. ... £IO,OOO i In 20,000 Shares of 10b each. Payable— lb per share on Application, le 6d per share on Allotment, and the balance in Calls of 2b 64 per share at intervals of not leas than three months.It isnot proposed to issue more -than 10,000 Shares* at present. DIRECTORS: Messrs C. M. GRAY I Messrs P. e, HYMAN „ B. SMITH J ~ H, B.HIBK Mb J. S. PEPPER, Secret abt: E. M'MILLaJST, SOLICITORS: MESSRS DUNCAN, COXIEEILD ABD MARTIjz; Brokers: Mebbbs ODDITIES akd GRIERSON. The Company has been formed for the purpose of acquiring the valuable Boot and Shoe Business hitherto conducted by £l, Smith & Co., in the establishment known ns the Universal Boot Depfit and the Mutual Boot Store. A lease of that valuable site in High Streep Christchurch, between the present Mutual Boob Store and Messrs Nashelski ft Co.'s, has been oh*, talned on very favourable terms, and it la proposed to erect thereon the largest and most commodious- 1 Eetail Boot Store in the Colony. The business of Messrs E, Smith ft 00. has been J an unqualified success in the past, and the! Directors have every confidence that their endea- 1 vours to provide for the increasing want will ha; fully appreciated by the public, the more so os' they will, while increasing their accommodation, - reduce the working expenses by joining the two: businesses, and thus be able to sell cheaper than: ever. Kecognioing that the principles of Co-operation will no doubt govern the business of the future, - it is now proposed to issue Shares to the public,; so that customers who wish to obtain a full share 1 in the profits may do so by becoming Shareholders, It is proposed, subject to the sanction of the! Shareholders, that the shareholders should receive, ; First—A dividend upon their paid-up capital at aj rate not exceeding 10 per cent per annum; Second! —That after a settlement of accounts and provid-i ing for such interest on capital and depreciation, out of the balance remaining at the credit of profit and loss account, one-quarter shall be divided amongst the Shareholders as a bonus, and the: Other three-quarters shall be distributed amongst' the customers, on production of their purchase coupons within the prescribed time. The late, proprietors, te show their thorough confidence in: the profitable nature of the business, have guoran* 1 teed a not profit of 8 per cent per annum on the' paid-up capital for the term of three years from' the time when the business of the Company is: commenced, and in the manner provided by the 1 , contract. It will be seen from the above that it is intended; o make this bnsiness a thoroughly Co-operative! Institution by allowing every Purchaser, chare-; bolder or Noh-Bhajseholdee to participate in: the profits, and thus secure a large and steady' trade. . . It can he fairly assumed that, with a widely spread proprietary, and by every customer being l directly interested, the success of the Company, The stock and fixtures will be taken over at a valuation, in accordance with the terms of the 1 , agreement, which may be seen at the offices of the Brokers. Hr Edward Smith, who for many years hag: successfully carried on the business, will under*! take the management. ■ Messrs E. Smith and Co. have already received' applications for a sufficient number of shares to; float the Company, and the balance of the first; issue of 10,000 shores is now offered to the public, i in allotting these, care will be taken to distriv hate them as widely as possible. Applications for shares should bo made upon the j accompanying form, and forwarded to the Broken! of the Company, together with the amount pay*: able, on application. If no allotment is make the: deposit will be returned without deduction, and! where the number of shares allotted is less than; the number applied for, the surplus will be credited in reduction of the amount payable-on' allotment. The following contract has been made, namely:— ; A contract, dated the ninth day of April, 1891,; between Edward Smith, Albert Damb Smith: end Howard Smith, all of the City of Christ* 1 church, in New Zealand, Boot and Shoe Dealers,; of the one part, and Arthur Morton OUlviec and Trevor James Grierson, of Christohuroh,appointed Brokers as Trustees for and on behalf of the Company, of the other port. Bach, contract is subject to adoption by the Company. Forms of application for shares may bo obtained from the Company's Secretary and Brokers, andj at the Universal and Mutual Boot Stores. Copies of the Memorandum and Articles of Association and of the contract above-mentioned, msy ba inspected at the office. 2004! CANTERBURY BELFAST CO-OPERATIVE BACON-CUEING - Aim, ’ i EXPORT COMPANY OF SPECIAL ISSUE”oP 1000 SHARES, To he called np to £l. Capital ... £25,000 in 6000 chares o£ £5 each,’ Subscribed ... 933 Shares at £5 each—£46B6. : March Ist, 1891—Capital called up on 088-shares.at 16s per share—£6o9 16s. Boabd or Directors: HUDSON JONES, Esq., Chairman^llunßandel F. 0. MURRAY, Esq., Lincoln R. RAINEY, Esq., Tai Tapa A. EAYE, Esq. (Kayo and Carter), Christoharoh. J. B: CAMPBELL, Esq., Christchurch W. HOLLEY, Esq., Leeston F. OVERTON, Esq,, Lakeside E. RUDDOCK, Esq., Sonthbridge , E, W- M'OLELLAND, Esq., Courtenay DEAR Slß,— The Directors confidently appeal, to yon to assist a Company that has already proved of great service and benefit to the formers of Canterbury. The object of the Directors in disposing of these, shares is to increase the capital of the Company, 1 which is rendered necessary by the rapid expaa* Sion of trade, and also to carry out the original idea of the promoters of this Company, namely, to' distribute the shares over as large an area as pos*| Bible. They alao consider it advisable, in the; interests of shareholders, to Issue new shares to. the public, in preference to calling up too large ail' amount on the shares already issued. The terms! are;—Ss per share on application and 16s per share; in one month from the day of allotment; but the' Directors are willing to receive the 20a per share, on application, if convenient for you to pay same,Applicants have also the right to pay up the fnl|l £5 per share at any time they may wish. Applications may he sent to the decretory, Mr! T. W. Durant, Leeston, or to any of the Directors,; who invite your early application. Applications' will be closed one month from date, vis., on' May 14.1891. The Directors, in asking for your assistance in, taking np this new issue of shores, can confidently recommend the Company as a good investment t® yon. Last year the Company was floated in the end of, June, and although only in operation a few months the result was gratifying, and showed a clear profit: on the capital of 10 per cent, otter providing foe depreciation in value of stock. The bacon is cured by the Company m thf Belfast Freezing Works, by the aid of cold air,! which enables a safe and good care in all weathers* The baoon has been introduced into all the AuS* trainsian markets, and has found a ready sale. It is everywhere pronounced to be of the finest quality, and is well spoken of by purchasers. ; Application forms may be obtained from anyioti the Directors and from the Secretary, T. W, DURANT, 1963 Leestom ; R. W. WALTERS & OQ* UNDERTAKERS. Funerals furnished in Town-or Ooqntiy on the SHORTEST NOTICE and attft LOWEST RATES. Polished Coffins in Eimu or Kauri from £5, Please Note the Address: 43, VICTORIA STREET. Private Eesldenco—Ml : Kilmore street. Telephone No. 146. 6 TO COUNTRY SUBSCRIBERS, HE following Persons ONLY_ axe au^eriiwd. £ to receive money on account of the " Company, Limited:— G.A. LBWIN ... ... LYTTELTON E. NOONAN AKAKOA R. Ferguson Little River E. TIPPING TIHARU E. C.Dann Temuka Morrison and C 0.... ••• Taylor and Flatman ... W^ißqsh E. -fSIEfURTON Henry Knight Alford Forest C. Hardy J. H. stone John Hood Mount Bomarg J. Jones ... ... <•< West Melton S. Sherrard Dunsandal G. Kissell Templeton H. Williamson KowaiPesa J.Pithor Waddlngtoo V*. H. wbbb ... ... Whiteoliffs P.J.FOWDBE KAIAPOI C. I. JENNINGS ... RANGIOBft, A.D.Hassall Oust J. INGRAM ... ... OXFORD Mrs A. Farr ... Carleton W. Vaughan „. „, Sefton W. Vaughan Waikari W. Hazlehurst Frebhletos Howell Bros. Lincoln F. Jameson ... Leeston A. Cameron Southbridgft W. P. K. Browne... ... Amberley J&g. Fraser... Eotherhanb W.Overend ... Kolkoura J. H.Withetord Auckland Green and Nosworthy ... Blenheim Travelling Collector for North, and SontdrlslmuMi W. E. WHITCOMBB. Remittances forwarded direct to the Head OflUfe Christchurch, should be addressed to the T ' of the “LytteltonTimes" Company, Christchurch.