Page 4 Advertisements Column 1

New Zealand Herald, Volume LII, Issue 15849, 20 February 1915, Page 4

„ Public Companies. (A copy of this Prospectus has been filed with the Registrar of Companies.) THE FARMERS' CO-OPERATIVE AUCTIONEERING CO., Limited, HAMILTON. (INCORPORATED UNDER THE COMPANIES' ACT.) Authorised Capital - £$00,000. DIVIDED INTO 40,000 Ordinary Shares of £5 each, and 100,000 Cumulative Preference Shares of £1 each. 30,423 of the Ordinary Shares have been issued, of which 20,111 have been fully paid up in Cash and 6624 were allotted to the principals of the firm of McNicol and Co. in payment of the business. 3688 Shares have been paid up to the extent of £11,059. Offer of 100,000 Cumulative 6% Preference Shares at £1 per^Share. Payable 10s on Application, and 10s on Allotment. Or The Whole Amount on Application. THE PREFERENCE SHARES are entitled to a fixed Cumulative Preferential Dividend at the rate of Six Pounds per centum per annum, payable half-yearly on the first days of February and August in each year. They are Preferential both as to Capital and Dividend, and are free of Income Tax. All Preference Shares allotted will rank for dividend from the date ujpon which allotment money is paid. This companv was formed in the year 1907. taking over the well-known and old-established business of MESSRS. McNICOL AND CO., HAMILTON. Owing to the very rapid growth of the Waikato and King Country, atnd the legitimate demand made on the Company for extension, fresh Capital is required, and can be employed not only remuneratively, but with absolute safety. In January, 1914, the Balance-sheet of the Company showed the Paid-up Capital £137,842, and Reserves £25,500, and the latter has since been increased to £31,500 by the distribution of Profits for that year. The net Profits for 1912 were £17,546 for 1913, £21,858 and for 19L4, £22,043 averaging £20,500 for the three years. During this period the Company have paid (after making ample provision for bad and doubtful debts, depreciation, etc.), a Dividend of 8 per cent, on the Ordinary Shares, pusfc to Reserves £17,500, and carried forward £2258 to next year's Balance-sheet. With the increased Working Capital correspondingly larger Profits may be expected. Of the 100,000 Preference Shares, it is proposed only to issue 25,000 at present, and the balance as the development of the business may require. As £1500 will cover the interest on the present issue of £25,000, it will be seen that the basis of average Profits for the year cover the Dividend nearly fourteen times over. Preference Shares do not carry any voting power, but any holder of £100 of Preference Shares is eligible as a Director. A Brokerage of 2b per cent, will be paid on Allotments made on forms of application bearing a Broker's Stamp. Forms of Application may be obtained from, and payment made to, the Bank of New Zealand, Auckland, or W. R. Walker, Sharebroker, Hobson Buildings, Auckland, where further particulars may be obtained and the Company's Annual Report and Balance-sheet may be seen; or at the Registered Office of the Company, Ward Street, Hamilton. We hereby certify that) the above statement with regard to Capital and Profits is true and correct. R. ENGLISH, F.P.A.N.Z., Hamilton ) . _. A W. W. BRUCE, F.I.A-N.'Z., Auckland. / Audltors - Dated at Hamilton, this 14th day of July, 1914.

Commercial Colleges. rpo ACCOUNTANCY OR BOOK-KEEP-X ING DIPLOMA CANDIDATES. THE ONE SURE WAY TO PASS YOUR EXAMINATION IS TO STUDY UNDER HEMINGWAY AND ROBERTSON'S INDIVIDUAL CORRESPONDENCE SYSTEM.— ? BECAUSE our percentage of passes in the above is 79.4. BECAUSE in the past few years we have successfully prepared 1199 candidates for the Accountancy Examination 102 tor the Certificate of Proficiency in Lockkeeping. 103 for the Law. and last year 137 for the Senior and Junior Public Service, the Matriculation, and Solicitors General Knowledge Examinations. BECAUSE more than half of those who passed the New Zealand Accountancy Examination last year were prepared by us. CAUSE 28 OF THE PRIZE WINNERS B ~OF RECENT years have been OUR STUDENTS. ■R'Ff r 4TT c rE WE SPECIALISE IN TEACHBE ING BY CORRESPONDENCE, and hold no classes whatsoever. OUR ACCOUNTANCY AND BOOKKEEPERS' DIPLOMA COURSES Are in the hands of our Mr. W. H. Hemingway. P.A. (N.Z.), Solicitor. Member Council Society Accountants, Fellow and Member Council New Zealand Accountants and Auditors' Association, etc., with whom is associated Mr. Nello Porter. Member New Zealand Society Accountants. We have no "set terms;" there is no " time limit "to our Courses. For tie one fee we guarantee complete Instruction. Our students have no text books whatever to buy. They are supplied with specially compiled, graduated, complete, neatly printed and bound Text Book Lessons (which become their own property, and so form a valuable Reference Library), the whole just rewritten by us. The Complete Course embraces more i ban 1500 printed pages, and includes Model Workings and Explanations of all the more difficult questions set in the last ten years. Our latest Examination Success is that of our Mr. H. J. Robertson, who was top of a!! Australia in Book-keeping and Accounts at the Final Examination of the Federal Institute of Accountants. AND PLEASE READ THIS: — February 12, 1915. Messrs. Hemingway and Robertson, Auckland. Dear Sirs,—l am exceedingly pleased at my good fortune in securing first Honours Prize in the Intermediate Section of the Accountancy Examination held in November last, and I feel that I owe you an expression of thanks. I have no hesitation in saying that my success is due in a very great measure to the carefully graded series of Notes and Exercises that yon ha.ve placed before me. I must also thank you for the manner in which the exercises sent ;a for correction have been marked and for the replies to any queries that I have asked. (Ssd.) STANLEY W. WEBBER.

YOUNG BUSINESS MEN ARE URGED | TO OBTAIN THE ACCOUNTANCY DIPLOMA, even though it embraces Matri- I culation. Our expert staff coaches for Matriculation, and WS GUARANTEE that if the earnest student, following our Special Course, does not pass in one year, we will coach him for another year without any extra fee -whatever. PLACE YOURSELF IN OUR HANDS. FOLLOW IMPLICITLY OUR INSTRUCTION. AND YOU CAN PASS IN ANY ONE OF THE ABOVE EXAMINATIONS THIS YEAR. SEND TO-DAY FOR OUR 1915 FREE BOOK, "PRACTICAL BOOK-KEEPING" (32 parses), or " ACCOUNTANCY" (94 pages). Our advice and help, based on over 17 years' experience, are at your service gratis. WRITE TO-DAY! JJEMI3SGWAY AND CORRESPONDENCE gCHOOLS, UNION BUILDINGS. AUCKLAND. -4 rpiARKS AND JJAYES, J" TD. BOOK-KEEPING. ACCOUNTANCY. LAW AND MATRICULATION SCHOOLS, FERRY BUILDINGS, AUCKLAND. Out Courses comprise the following: ACCOUNTANCY (Intermediate and Fim'l BOCK-KEEPERS' EXAMINATION SPECIAL ELEMENTARY BOOKKEEPING. Supervised by Mr. Herbert Tiarks, Fellow N.Z. Society Accountants, Associate Incorn Inst, fleets., N.Z. (by exam.) MATRICULATION. SOLICITORS' GENERAL KNOWLEDGE LL.B. AND LAW PROFESSIONAL (N.Z. Law). Supervised by Mr. F. H. Lsvien, M.A., LL.B Barrister and Solicitor, Auckland. ' CLASS AND CORRESPONDENCE INSTRUCTION. NOTE.— Students should avail themselves of tho advantages of INDIVIDUAL. PERSONAL INSTRUCTION in Classes composed of limited numbers. CESSION COMMENCES FEBRUARY 15. Prospectus Free on Application.