Page 1 Advertisements Column 3

New Zealand Herald, Volume XVIII, Issue 6097, 2 June 1881, Page 1

■ Prospectus. THE NEW ZEALAND SUPPLY ASSOCIATION, LIMITED. CAPITAL, £20,000 IN 20,000 SH VEES AT £1 EACH (with power of increase), 14,000 op which are offered to the public. No Liability to Shareholders beyond the amount of shares taken. It is intended to call up Ten Shillings per Share, V \ z .' : . 2s e<l per Snare on Application, and 2s 6d on Allotment; and two months' notice to be given of future Calls, which will not exceed 2s Cd Share. Provisional Directors : i MR. CnARLES STICHBURY, Newmarket. MR. WM. JOHN OFFER, Queen-street, Auckland. MR. J N. NEWBOLD, To Kopuru and Auckland. MR. THOMAS. T. MASEFIELD, Albert-street, Auckland MR. R. A. LUSHER, Ponsonby. MR. I: HERAPATH, Qucen-strect, Auckland. MR. S. M. HERAPATH, Queen-street, Auckland. MR. GEORGE HULMI3, Queen-street, Auckland. MR. THOMAS FORGHAM, Fern Bank, Waitcmata. MR. J. B. FRANCIS, Vincent-street, Auckland. MR. ALFRED ALEY, Queen-street, Auckland. Bankers : COLONIAL BANK OF NEW ZEALAND. Solicitor : WILLIAM COLEMAN, Esq., Queen-street. Broker : A. SAUNDERS, Esq., 2, Insurance Buildiugs. Secretary (pro tern.): JOHN MOGINIE. Temporary Office : STICHBURY'S BniLDINGS, 107. QUEEN STREET, AUCKLAND. The object of this Association is the establishment of a Co-operativo Store, suitable to tho rcquiiements of the times. Tho Promoters having watched the workingof similar institutions in the Old Country, believe that the time , has now arrived for successfully floating a Company in New Zealand for the supply of Goods and Merchandise of all descriptions. The Company will also act as Agents or otherwise for tho sale of Produce of all kinds, and thereby assist the settlers in disposing of their commodities, and also for all other residents in country places who live too far away to make frequent visits to town. Tho Company being in a position to buy largelv, and for cash, will be able to guarantee the quality of the goods sent out, and at fair and reasonable prices. Facilities will also be given to promote the sale of Local Manufactures whenever it can bo done in the interests of the Shareholders. It is believed that too often local industries suffer from the want of a proper channel to introduce their Goods, and not that the articles manufactured are inferior or dearer than those imported. To meet these requirements, and to presont to all classes of the community a safe and profitable investment for capital, are the objects sought in tho formation of this Association. Tho operation of tho Companv will be conducted by thoroughly practical business men; overy detail will bo carefully examined and treated economically; profits, after paying the Dividends to the Shareholders, will be divided among the Shareholders and Ticketholders ; tho accounts will bo audited quarterly by a public accountant, to be chosen by tho Shareholders and Directors. Shareholders will be entitled to all tho advantages afforded at the stores, to a Share in the Profits a» hereinafter specified, and will have the power of nominating Ticket-holders—not exceeding four—each Ticket-holder to pay two shillings and sixpence annually, or ten shillings for five years, and Lifo Members a payment of twenty shillings, for the pr.vilego of dealing at the dep6ts of the Association and of sharing in the profits. The Directors reserve the power to limit the number of Ticket-holders from time to time. Every Shareholder and Tickot-holdcr, to savo the trouble and expense of sending money occasionally through the post, will be able to open a deposit order account at the stores, and purchases made from time to time will be debited thereto. The balance at credit can be withdrawn in cash at any time. These accounts will not bear interest. 3foney will also be received on deposit in sums of not less than £1, on which interest will be allowed at the rate of 6 per cent, per annum on sums that have remained on deposit one calendar month. From the net profits 10 per cent, interest will be paid as a first charge on the paid-up share capital, and the balance will bo divided as follows :— One-fourth to the formation of a reserve fund. One-half as a dividend to the Shareholders. A bonus, equal to the remaining one-fourth, will bo paid pro rata to the Ticket-holders who shall have purchased, during the year, goods to the extent of £25, and upwards, from the Association. When tho reserve fund shall have reached the sum of £10,000, all further addition thereto will cease, and the said one-fourth of tho balance of the net profits will be applied to increasing the dividend to the Shareholders, and the bonus to the Ticket-holders. Companies with similar objects in view in England have, under good management, attained the most complete success. According to published reports, a Supply Association, whose business was commenced in the early part of 1572, made returns the first year of £130,000, second year £230.000, and third year £430,000, and it is a well established fact that such Societies in the Old Country, when managed properly, are classed among the most useful as well as the most profitable undertakings of tho present times. Estimated Returx for First Year. £ s d £ s d Say 1000 customers, each laying out, por week, on an average, 20s 1 (some would buy much more and ] some less than that amount) .. 1000 0 0 Say profit on £1000 at 10 per cent. 100 0 0 ' Deduct weekly expenses (but a ' much larger business might be done without increasing this staff), say . 40 0 0 Shewing probable net profit per week .. _ .. ..... .. £00 0 0 But it may reasonably be expected that a much larger weekly return would soou be the result when once the Company got into full working order. As will be seen by taking the figures of the last census in IS7S, there were then 10,318 inhabited houses in tho Provincial District of Auckland ; if, therefore, the Company obtained, say, only a fourth part of these, reckoning one family to one house, that would produce 4079 customers, which number, calculated in the same proportion as above, -would produce a gross profit of £407 weekly, instead of £100. And even if these results are not obtained at first, yet the estimate shows a wide field for the operations of tho Company being worked with profit at its commencement, and with every reasouablo prospect of most satisfactory results when in full operation. Moreover, the above calculation does not take into account tho population in vessels on tlie night of the census being taken in the Provincial District of Auckland, which was then 30(>7, neither does it take into account the native population, nor the population in other Provinces in Now Zealand, amounting, in addition, to the number of 331,751, and from whom the 1 Company may fairly expect occasional orders. Tlie whole European population was in 1878, 414,412—1e5s the rumber in Auckland district, 82,001—331,751.With- such prospects it will readily be seen from the above data that the Shareholders in such a Company must realise largo profits, and, in addition, be able to get their supplies at tho lowest possible fates, in fact every Shareholder will be liis own Importer, aud benefit accordingly. Application for Shares, or for further information, can be made to the Broker, Mr. A. Saunders, 2, Insurance Buildings, or to tho Secretary, at tho temporary office of the Association, Stichbury's Buildings, Queen-street, Auckland. : The Share List will close for allotment at an early i date. i —The increase in the population, as shown < by tho recent census, in the Provincial District of ' Auckland is 12,339. Photography. TyiTARTIN & -p '■ INSTANTANEOUS PHOTOGRAPHS, FOR RABIES AND CHILDREN, ; 93L. Market Square, Queen-street TEJI -jVjTARTIN & "OAHTINGTON'S ! INSTANTANEOUS PHOTOGRAPHS , CATCH THE NATURAL EXPRESSION OF THE ■ SITTER. No head rest required. i TVT ART IN & PARTINGTON'S \ INSTANTANEOUS PHOTOGRAPHS j On dull days require scarcely a second's exposure. IT3- Market Square, Queen-street. t£& Ty-ARTIN & PARTINGTON'S INSTANTANEOUS PHOTOGRAPHS FOR FAMILY GROUPS. ] A Cabinet Picture of five or six persons taken in One Second. ' -|V|-ARTIN & pARTINGTON'S ] LARGE DIRECT PHOTOGRAPHS Taken in two or three seconds, arc superior in excelence and finish. tfaj.Markct Square, Queen-street. JI