Page 8 Advertisements Column 5

New Zealand Herald, Volume XVIII, Issue 6099, 4 June 1881, Page 8

■/■ ; THS>NE\V ZEAiJiZTDSUPpLt. ASSO- " CIATION;! LIMITED. . | CAPITAL £2WOO.IST 20,000 SIT.URES AT £1 i.ACH.( TO tlipoß;er.o£ increase), j 14,000 or trjacu" ABE 'oirEii E )> to the γ-übwc. No Lability to Shareholders beyond the amomk o: shares taken. . j Pkovistoxai. DtnECTons: , ?f5- STICniiURT, Newmarket, J"v. THOMAS. T. MASEKLELD, Albert-street ■ Auckland ■ ?K- ?• fK£ USI£EE - F&nsonby. S. Iβ Baxkeks : COLONIAL BANK. OF SEW- ZEALAND. Solicitor: .. WIXLIAM COLEMAN, EmCj., Queon-street. ■ ."' ' . Bnoicsß : . , A.. S SUNDERS, Esij., 2, Insurance Buildings. Secbeiahv (pro tern.): . ..' JOllS.ilOGlislE. : . Xempokißt.-Office; STICHBURV? r B ILDINGS, . 107, /QUEEN ■■..-■ ■ STREET, .... Tljeobj'oct'of this Association la the establishmen of th?Om^ era ' iTe S ' Or? '- i,iltable t0 tl>o requli.ement ■ ,J £ e F. romot « rsliav Wgw£.tchedtheworkingof simila institutions in-the Old Country,- beUeve that the timi has now arrived for successfully: floating a Company ii i-few Zealand , for the supply of Goods and ilerchan dise of all descriptions: ' • ■-' The Company will also ant as Agents or otherwisi for the sale: of Produce of all kinds, and thereby assis the settlers in disposing .of their commodities, am also for all other residents in country places who livi too far away to make frequent-visits to town. Thi company being in a position, to buy largely, and fo cash, will be ablo to guarantee the quality of the goott sent out, and at fair and reasonable prices. TnJS iw^V™} 1 «ls? be given to.promoto the sale o Local Manufactures whenever it can he done to thi interests of the Shareholders. : It is believed that toi often local industries suffer from the want of a mono channel to introduce their Goods, and not that th. articles manufactured are inferior of dearer than thos imported. . . ; \ -,-■■■ i - . - ' To meet these requirements, and to presont to al classes of the .communitya safe and profitable invest ment for capital, are the.objects sought in the forma tion of this Association. :..:, .:. , : , Tho operation of the Company will be conducted b thoroughly practical .business men ; every detaU wil be carefully examined and treated economically profits, after paving the Dividends to the Shareholders will bo divided among the Shareholders and Ticket holders; tho accounts, will be audited quarterly by i public accountant, to be chosen by the Shareholder and Directors. - - ' - . i ■ .Shareholders will be entitled to all the .advantage .afforded;at the.stores, to'a Share in the Profits a hereinafter specified, .and will have the power o nominating Ticket-holders-not exceeding four-eacl Ticket-liolder to .pay: two shillings and sixpene annually, or ten.; shillings'for five years, and iif Members a payment of twenty shillings, for the pr.vi lege of dealing at thedep6ts of tho Association am of sharmffrin-tho profits --The -Directors reserve th power to limit the number of Ticket-holders fron tune to time. -~' ■ •■■■ j . • • .■ ; . j. . i'-very Shareholder and Ticket-holder, to save thi trouble and expenso, of. sending money occasional!through the post, will bo ablo to open a deposit , ordc' account at Hie stores, and purchases made from tim to time will to debited thereto. The balance at credi ear, be withdrawn in cash at any time. These account will not bear interest. Honey willalsobe received on deposit in sums o not less-than. £1, on which interest will be allowei at the rate of C per Cent, pet annum on sums tha have remained on deposit one calendar month. From the net proats 10 per cent, interest will b paid as a first charge on the paid-up share capital, am the balance will be divided as follows :— ... . One-fourth to the formation of a resorve fund. One-half as a dividend to tho Shareholders. A bonus, equal to tho remaining ono-foorth wil ■ .be paid pj-o rata to the Ticket-holders whi shall have purchased, during the year, good to the extent of £25, and upwards, from th ■ • ■.•■ Association. ,, .. Vtlien the reserve fund shall have reached the sun of £10,000, aU further addition thereto will cease and the said one-fourth of the balance of the no prohts will be applied to increasing the' dividend ti tho Shareholders, and the bonus to the Ticket-holders Companies with similar objects in view in Englani have, under good management, attained the mos complete success. . According to published reports,! Supply Association, whose business wasr comment i,« th ?^ a l lypiH of 1872 ' mado returns the first yea J,£™A 000 <, s F co o<i year i-230,000, and tliird yeai £430,000, and }t i s a. well estabUshed fact that sue! Societies in the Old Country, when managod properly arc classed among the most useful as weU as the mos profitable undertakings ot the present times. Estimated Retup.j,-fop-First Year. Say 1000 enstpmisrs, each laying out, ~ • . per week, on au avcriige,'2os ' .''■''' (some wbnld buy mnch'more and ; some less than that amount) : .. 1000 0 ( Say profit on £1000 .at; 10 per cent. 100 0 0 : Deduct: weekly expenses (but a .much larger business , might be r , ■ done 1 ■ \vithout : increasing this ' • ■ staff), say:. y.-... ; ... - ... ~ 4000Shewing. probable net profit-per ■WCCk-.. _".'•-;.;.' :.. : .. ■.-.■£00,0 0 : But it jnay reasonably be expected that a rnucl larger weekly, return would soon bo the result whei once the-Company got into full working order A TSi b( :, scen tekin K the figures of the last cens\us ii 18iS, 10.513 inhabited houses in th. Provincial District of Auckland; if, therefore thi Company obtained, say, only a fourth part of these reckoning one. family toons house, that would pro duce 4579 customers, which number, calculated in tin same proportion as above, would produce u gross profi of £107 weekly.instead of £100. And even if thesi results are'not obtained at first, vet the estimati shows a.wide field for the operations" of the Company being .worked with proQt at its commencement am with «very reasonable prospect of most satisfactory results when in full operation. Moreover, the above calculation does not take int< account the population in vessels on the niihjt of th< censiis being taken in the Provincial District of Auck land,-which was then 300r, noithcr does it take int< account,thenative.population, nor tho population ir other l'rovinces in Now Zealand, amounting, in addi tion, to the number of 331,751, and fror» wliom th( Company may fairly expect oecasiona" orders. Tin whole i-uropcan population was.in 1873, 474,-112—lesi the number in Auckland district, 52,C<31—331,751. * With such prospects it wUI readUy bo seen from the above .data, that the Shareholders in such a Compam must.realise largo profits, and, in addition be abli to get their supplies at the lowest possible rates, it fact every Shareholder will be his own Importer anc benefit accordingly. Application for Shares, or for further information can be made to the Broker, Mr. A. Saunders, 2 Insurance Buildings, or to the Secretary, at tin temporary office of the Association, Sticllbury's Build ings, Queen-street, Auckland. The Share List will close for allotment at an earli date. ' : ■ - . *Note.—The increase in the population, as showt by the recent census, in the Provincial District o Auckland is 12,339. "PROS PECTUS -SLOP TIXK AUCKLAND COFFEE PALACE COM. PANT (LIMITED). Capital, £20,000, tx 20,000 Shares of £1 Each. i'rovisional directors : Mr Graves Aickin' Mr David Goldie Kev Shirley W. Baker Mr George Homus Sir. Joseph Banks Mr George Holdship Sir Joseph Bennett Mr Joseph Howard Mr Kenry Brett Mr John Lamb . Mr Thomas Buddie ilr Thomas Morrin Sir John Chambers Mr Joseph Newman ltev Samuel Edger Mr George P. Pierce SOLICITOUS : Messrs "Whitaker and Eussell. BANKERS: Bank of New Zealand. SECRETARY : ~-~- : Mr "John Milne. " It is proposed to 'establish a Company for the purP 033 of supplying a want long felt in Auckland, both ay residents and travellers, viz., a first-class Family Hotel, to be conducted on Temperance principles, in :onnection with which thcro shall be Coffee and Ee:roshinent Eooms. Tho leading features of this Comiiany will be to provide - ■" Ist A superior Hotel with iho comforts of a home from which alcoholic liquors will be excluded. , 2nd A -largo Room where Tea, Coffee, Cocoa, Lemonade. Aerated &c.,- can be always had, for the special benefit of the . working classes, at a cheap rate, as supplied in tho Coffeo Palaces in England. . 3rd A Restaurant wliero meals of the best quality : will bo Bcrved in a clean and attractive . • - - form. ,'•.'.■ 4th Separate Dining-rooms for Ladies only. Ladies and Gentlemen, and Gentlemen only. • sth A Billiard-room, Eeading-room, and Smoking- . ' room for social recreation. ' The marked success which has followed the estabisnment of.whnt are known as "Coffee Palaces" in Jngland and various parts of the Colonies is well mown., The absolute necessity for one in this city is ecoguised, and the promoters confidently believe that uch aa institution cannot fail to prove of groat and mmediato benefit to the community, besides being a inancial success to the shareholders. A very eligiblo site-in the beat part of Queen-street s now under offer to tlie promoters on very advantageous terms, which it is desirable to secure at once. The promoters feel that in an enterprise of this lature it is desirable to enlist the sympathy and practical support of all classes. With this ohject in rtewv they propose to form the Company, with shares it £1 each, so- as to secure a large proprietary. The terms of payment areas follow:— ' : - ! Is per share on application.. "2s ' : ,', allotment;. ind tho'bslance.if required in calls of 2s 6d per share it intervals of not less than two months. A Meeting of Subscribers will be convened at an iarly date for tho Election of Directors, &c. Application for Shares may bo made to Messrs MUno ind White, Colonial Bank Buildings, Queen-street, or ,o any member of " The Auckland Brokers' Associaion." "IVfEMBERS OF BENEFIT SOCIETIES, JlYIb. have you seon the column in the Auckland jatojuday NroiiT devoted to Friendly Benefit Societies: If not, get a copy on Saturday, and if rou are pleased with it, aa you cannot faii to be, take t regularly ever after. This department alone is lesorving of your support and encouragement.