Page 4 Advertisements Column 4

New Zealand Times, Volume LVX, Issue 3094, 3 April 1897, Page 4

OENEBAXi BUSINESS TO LADIES.—Of all the Successful Preparatisna which have beau brought before the public by Geo. W. Wilton, Chemist, there is noae which has been so well appro* oiatedand enquired for as WILTON’S HAND EMOLLIENT. Orders, with pleasing expressions of approval, arrive daily from all parts of the Colony The preparation is unique, being totally free from grease or perfume. Ladies who do their own work can positively ensure SOFT WHITE HANDS by its use. v PRICE, Is PER JAR. For the convenience of Ladies residing in other parts of the City it may h® obtained at the same prise from Mr Geo. Mee, Chemist, Lambton quay, and Mr W. B. Woods, Chemist, Cuba street. SOLE PROPRIETOR. GEO. W. WILTON, Pharmaceutical Chemist (by examination), Adelaide road and 215, Willis street. Telephones—Adelaide road, 561; Willis street, 556. INCREASE OF CAPITAL OP THE WAIKARAPA FARMERS’ COOPERATIVE ASSOCIATION (LIMITED). REGISTERED UNDER “ THE COMPANIES ACT, 1882.” AUTHORISED CAPITAL In 20,000 Shares of £5 Each. SUBSCRIBED CAPITAL, JULY 31st, 1890 XIOO.OOO. .£74,020. Directors: M. CASELBBRG, Chairman. D. J. NATHAN H. G. WILLIAMS W. BOOTH C. PHAEAZYN L. J. NATHAN L. CASBLBKRG D. DONALD A. CAVE JOSEPH JOSEPH Bankers: BANK OP NEW ZEALAND. -Solicitors: BELL, GULLY AND IZARD. Secretary; D. W. McINTOSH. Brokers: HARCOURT AND CO., D. T. STUART, J. G. CHAPMAN, A. T. BATE, JAMES HENDERSON. New Issue of Shares to £50,000, to be called up as follows :— *• Ordinary or “ A” Shares of £5 each, on which £1 per share will bo oallel up in instalments of 2s 6d per share, at intervals of not less than three months. “ B ” Shares of £1 each, with no further liability, to be paid np in instalments of 5s 'per share, at intervals of not loss than throe months, t ■ Both classes of Shares are issued at a premium of 2a 6d for each £1 paid np, suoh premium being payable together With the first instalment of any even sum of £l. In consideration of this payment they participate in the reserve fund, which now amounts to more than £7300, and is equal to Is 4.1 in the £ on the paid up capital of the Company. The premiums received on the shares now offered to the public wdl be added to the Reserve Fund. THE Business of the “ Waiuarapa Farmers’ Co-operative Association, Limited,’ was originally carried ou by Mr Caselborg, and was established in lot>3. Xu 1891 it lial increased to such ati extent that Mr Oasolbarg decided to convert it into a limited liability company on the co-operative principle, and within a very short time the whole of the capital necessary was subscribed, viz., *£74,020. Since July, 1896, the balance of the unsubscribed capital has bean taken up, chiefly by the old shareholders, at a premium of 12s od er share. , The purposes of the Association are similar to those of other co-operative societies which in this and the Old Country have done such excellent work, the objects being to supply Shareholders with the best of commodities at the lowest cost, and, after paying a dividend upon the paid-up capital and establishing a reserve, to distribute the balance ol the profits among those who, by their custom, have contributed to the success of the Association ; in other words, to pay to the Shareholders a bonus upon the amount of their purchases. The business includes, the sale of produce for customers ; the making advances upon wool, growing crops, &c.; and general commission business. The Association has at present its head-quarters at Mastcrton, with branches a* Qroytown, Carterton, Pahiatua, Eketahuna, and Tenui, and it owns the Kopnaranga Dairy Factory, Owing to the great increase of business, the Directors consider that the tune has oome to increase their trading capital and to establish a branch and receiving depot in Wellington. This will provide a centre' from which imported goods can ho distributed in Wairarapa with economy and promptitude, and to which wool, grain, and other produce can bo sent from the country for sale or shipment to the best advantage. The progress and development of the Association hitherto have exceeded the sanguine expectations, and with the exception of one year, when the Association paid 6 per cent., it has regularly paid its shareholders 8 per cent, interest on their capital. The Directors have every confidence in recommending the investment to the pubho, and anticipate that in the near future the Association will compare favourably With the largo co-operative concerns of the Old Country, whoso shares have proved suoh esoelloat invest* ments for the shareholders, and are at the present time so eagerly sought after, tn addition to the advantages obtained under the co-operative system, which enables shareholders to purchase all their requirements of the best quality at the lowest current rates, the holder of say five shares of £1 each draws, over and above the dividend ou his shares, a bonus on ms purchases. This bonus has been in the past as high as 5 per cent and aVoragec £3 16s per oent., thus purchasers of .£IOO during the year have obtained a return on their -65 of £* It is recognised by the Directors that there are a large number of persons who would bo most desirable shareholders, but who are unable or unwilling t> provide much capital, and who object to taking shares on which there is any large uncalled liability. To meet suoh oases it has been decided to issue a now olas; of shares, to bo called B ” shares, on which £1 will be called up in instalments, with no further liability. , The accompanying Balance-sheet and Profit and Loss Account at 31st July, 1896, show the strong position of the Association. BALANCE-SHEET. Liabilities. To Share Capital... Reserve Premium on New Shares ... Shares Forfeited Unclaimed Dividends London Drafts against Consignments and London Agents* Accounts Cash on Deposit, with Accrued Interest Bank of New Zealand Bills Payable and Sundry Liabilities ... Balance Profit and Loss ... (Contingent LiabilityBills under discount,.£6o69 12a 6d) Assets. PROFIT AND LOSS ACCOUNT. £ sTd7 To Departmental and Working Expenses ... ... ... 10,444 17 7 Goners Management 1,119 2 6 . General Charges, Stationery, Advertising, Legal Costs, Fire Insurance, Interests and Discount, Depreciation of Plant and Bad Debts 1,859 12 2 Balance Nett Profit 9,4td 17 16 .£22,870 10 1 £ s. d. By Balance brought forward, 1895 Account ... ... 301 9 11 Profits on Sale*, Com* • missions, &3. ... ... 22,5 U 22 Rents and Transfer Foes ... 21 18 0 Bad and Doubtful Debts Recovered 6 0 o £22,870 10 I These figures show the substantial position which the Association hAs scoured in the few years which have elapsed since its fomitioc. The B UanCo-shoot provided for depreciation of properties and stock, and for bad aui doubtful debts. Krom the profits a dividend of 8 per cent, was paid to the shareholders, and 20 por cent, of the aivisablo profits was distributed as a bonus upon ahareholddrs’ purchases and upon employees’ salaries, £2391 was added to the Reserve Fund (which now stands at £7500), and a balance of £233 was carried forward. - It is confidently expected that the support which h is been given to the Association iu tho Wairarapa will also ba received iu Wellington, Which will bo ma la tho receiving and distributing centre for all Its branches, thus Securing a more economical connection with the outside world, as well as extending to the Wellington public tho advantages of the Cooperative System. Pending better arrangements, temporary promises have boon secured in a good position on Lambton quay. Applications for Shares on the accompany la * f orm s ? will be receive! at the Offices of tho Company, Lambton quay, Wellington, or at the ofliioi of tho uudcr-msfttldn vl Brokers : HARCOURT & 00.. A. T, BATE, D. T. STUART* S. 0U OBAPMAN* JAMES HENDERSON. ' . Ist February, 1897. • 975

.LUST RUSS FAINT JS THE BEST TO BE HAD. THE COLOURS (excepting blue) are Absolutely Permanent. They will not craek, and are Far Cheaper aud Better than the Ordinary Mixtures. They are Mixed Beady For Uae, and need no skilled labour. TO BE HAD IN 22 COLOURS. " PRICE —la 14lba tins, 33s cwb; Single tin, 4} I lb \ Snail tins, 6d lb* .To be |had Painters and Merchants Throughout the Colony, and from MESSRS TINGEY MOB,, painters, M l G?ORGB WINDER, KSS

' h SEWING MACHINES, WITH the latest improvements, vibrating' slitittles, ®e drawers, treadle and all accessories, usual list price -fill 10a, reduced to .£6 15s, packed and delivered to any railway station or port in tbs Colony for £6 17s 6d. We employ no canvassers, and sell Sewing Machines at the same moderate rate of profit as other goods.' After all, honest testimonials are the best recommendation. Read the following : “ Messrs WILKINS AND FIELD. “Sire, —The ‘Rata’ SewingMaohine I purchased from jou in November is working splendidly, and the work it does is beautiful. “ I am, yours faithfully, “ W. LIEL, Akatarawa, Upper Hutt.” “ Messrs WILKINS AND FIELD. “ Gentlemen, —The ‘ Eata ’ Sewing Machine purchased from you gome time ago haa had a fair trial, and is giving the greatest satisfaction. We consider it to be wonderful value for the money, and in our opinion will hold its own with any machine in the market. “ I am, yours faithfully, “ H. CRUMP, Builder, “Brougham street, Wellington.’ 1 ’ HAND MACHINES, without covers JE4 HAND MACHINES, with covers ... £4 15a WILKINS AND FIELD, : MANNERS STREET, WELLINGTON. J