Page 1 Advertisements Column 7

Wairarapa Daily Times, Volume XVI, Issue 5561, 17 February 1897, Page 1

above 'SOESEi WEllimm POLICE CO uet. ' ''' : S. MA6ISTEATE : ''Wbat did you the value o! these Shoes?"' " '• PLAINTIFFTwenty sbiUipgs, Sur, yuro AVitshup." ' ' ' S.MAGISTIiATE: "How is that? You saidyou Rave twelve, shillings nnd sixpence (or ' them. I know something about Shoe 3." (Winks ai Clerk). PLAINTIFF: " Yes, yuro Wushiip j but then I : had'thorn' hjilf-soM three times, rind ' it cost me soven shillings and sixpence, yuro Wlishap, mid' seven shillings and sixpence and twelve shillings and sixpence me boy what goes to the State Schools says twenty." ..." '• S. MAGISTRATE :" Oh, nonsense, my good;woman, Do you moan to tell me they" woro worth more every time." PLAINTIFF : "Yes, yure AViishiip. They was' KANGARETTES.'" '* S. MAGISTRATE: "Ah! that niters the case, Verdict lor Twenty Shillings, Clerk." " See this Bramlon each Boot or Shot,.damped ■ ill Bold inside. . . ' 1 DO NOT BUY ANY GOODS THAT • IMITATE THIS NAME, Buearc of Stupid and Worthless Imitations'. We only uso the Ganuino SKIN, W. & J. STAPLES & CO., SOLE MANUFACTURERS... , . (\Yairarapa Farmers' Co-Operative Association, Masterton, and all branches; AGENTS jJ. Carpenter, Masterton; F. Feist, Carterton; A, H. Krabagen, Carterton; (H. Aulin, Eketahuna. INCREASE OF CAPITAL OF THE ' WAIEAE APA PAEMEES' CO- ' OPEEATIYE ASSOCIATION (LIMITED). REGISTERED UNDER "THE COMPANIES AOT, 1882." . AUTHORISED CAHTAL... ... ... £loo,ooo' In 20,000 Shares of £5 Each. SUBSCRIBED .CAPITAL, 31st JULY, ISM £74,020 DniEtTOlis: M. OASULUEKG, Chairman. D.J. NATHAN H. 0, WILLIAMS V. BOOTH C. PHAIiAZYU L J. NATHAN L. CASELUHRG D. DONALD A. W. CAYE JOSEPH JOSEPS. i IJAXKKIIS: BANK OF NEW ZEALAND, Solicitous: l!15Ll, GULLY, kIZARD. SrasTAliv: D. \V. M'INTOSH. ; UltOKKlts: HARCOURT ft CO., D. T. STUART, A. T, BATE, JAMES HENDERSON, J, G. CHAPMAN. NEW ISSUE OFIHABES TO £50,000, To be called up as follows: - ORDINARY or" A" SHARES of So EACH, 011 which £1 per slnre will be cilled up in ins'almtnts of & (id per share, at intervals of not le«s than three months. "1! "-SHARKS of i'l EACH, with NO FURTHER 'LIABILITY, to be paid up in instalments of Ospsr share, at intervals of not less than three months, BOTH CLASSES 01) SHAKES are issued at a premium of 2s Gil for each £1 paid up, such premium being payablo together with the first instalment of any even sum of 111. In consideration of this payment they PARTICIPATE IN THE RESERVE FUND, . winch now amounts to more than i'uiOD, ami is eijual to 3s -Id in the £ 011 tlio paid-up capital of the Company. The premiums received 011 fto shires now offered to tlio public will be added to the Reserve Fund. THE Business of the IYAIIURAPA FARMERS' CO OPERATIVE ASSOCIATION (Limitkul wai originally carried on by Jlr. Ciselberg, aid was established in WliS. In 18111 it hud incwasad to such nil extent that Mr. Cnselbcrg decided tu convert it into a limited liability company 011 tlw Co-operative principle, anil within ft very short time the whole of the capital necessary was subscribed, viz.: £71,020. Since July, 18%, tlu balanca of the unsubscribed capital has been taken up, cbielly by the old shareholders, at a premium of 12s (id jier .share. n REDD

The purposes of the Associntion are similar to thosi of other cooperative fosieties which in this and the Old Country have done such excellent work, the objects beinj to tupjily Siiiii-tliolJcis wifcii the best of commodities at the lowest cist, and, after payiug a iliviiluii'l upon the paid-up capital and establishing a reserve, to distribute the bilii.ee of the profits among those who, by their custom, have eontribuUl tj tae success of the As:oeiatiou; iii other word?, to p.iy to the Shareholders n bonus upon the nmiuni- of their parchaises. The business includes the sale of produce for uuatomerj; tin making advances upon wool, growing crops, &c,; anil general commission bus : ness, The Association hai at present its head-qua'ten nt Mnsterton, with branches at Greytown, Curt"itoi), Miatus, Eketahunn, and Tcnui, ami it owns tlie.Kopuaianga Dairy. Fnctuiy. Owing to the great increase of bulines•, the Directors consider that tin time hai - come to increase their trading capital and to cstnblis'a a brandi ami receiving depot in Wellington. This will provide a centre from which imported goods can hi distributed in V airarajia witli economy ami promptitude, and to which wool, gain, and other produce fan be sent from the country for sale or shipment to tin besi advantage. The pi ogress and development of the Association hitherto hive exceeded the most sanguiuo expectation*, nnd with the exception of one year, whea tlm Association paid six per cjnt., it lias lvgulnrly paid its shareholders eight p.-r cent, interest 011 their capital. 'L'iia Directors have every confidenca in recommending the invcstine at to the public, ami anticipate, tint in the near future the Association will compile favourably with the largo cj opt rative concerns of the Old Country, whose shares have proved such excellent investor nrs for the shareholders, and are at the presmt time so eag- rly sought after, lr. addition to tlm advantages obtained under the cj-opjiative syat.'m, which enables shareholders to purchase " their Kquiremeiifs of the best quality at the lowest current rstcs, tlm holder of say five shares oHTi'ach draws, over and altovc the dividend 011 hissharei, a bonus on his purchases. This bonus has been in the past as high as five pur cent,, and averaged His per cent.; thus purrhasus of £IOO during the year have obtained n return oa their £3 of £-1 -Is -id. It is recognised by the Directors that there ore a largo number of persons who would bo most desirable shareholders, but who aie unable or unwilling to proviilo much capital, anil who object to taking shares on which therj is any large uncalled liability. To mod such cases it has been decided to issui a new class of shares, to be called " li" sham, 011 which £1 will hi called up in instalment*, with 110 further liability. The accompanying Miice-shest and Profit and Losi Accouat at 31st July, 1896, show the strong position of the Association. BALANCE-SHEET. Assets. £ S. d. By Freehold and Leasehold Properties and Kopualanga Factory Plant... 14,2-1110 7 Ktock on luind R'lil nlloat... 38,99717 4 Blast and Live Stock ... " Cash in hand Cash in linml, Dividend Account Book Debts and Dills Receivable Advances anil Consignments of l'roduce to London Unexpired Value of Insurant's Premiums Liabilities, To .Share Capital l(escrvc Pmnium on Xew Shares ... Shaies forfeited Unc'aimed Dividends London Drafts against Consignments and London Agents' Accounts ... Cash on Deposit, with accrued interest Hank of New Zealand ... Dills Payable and Sundry Liabilities Balance Profit and Less... £75.512 2 4 {Contingent LViility— Bit's under discount, -GOG!) 12s lid) PROFIT AXP LOSS ACCOUNT. £ s, d. £ s. d. 42,3(18 0 0 •1,511 0 0 13 0 0 55 0 0 5017 2 2,213 4 0 4,590 9 0 1i,553 3 11 5.G52 5 ; 5 {1,1101710 1,733 15 10 3d81!) 10 2 13 1 18,922 16 5 909 5 10 315 3 5 £75,512 2 i To Departmental anil Working Expenses General Management ... General Charges, Stationery, Advertising, Legal Costs, Fire Insurance, Intonate and Discriut, Depreciation of Plant and JJild Dolts Balance Not Profit 10,444 17 1,119 2 . 1 Sail 12 2 , 9,411 i 1710 .C 22.570 10 1 By. Balance brought forward, 1895 Account Gross Profits on Sales, Commissions, etc.... Rents and Transfer Fees... Bad and Doubtful Debts recovered 22,511 22 2118 0 6 0 0 £22,870 10 1 Tin sa figures show the substantial position which tlio Association lias secured in llie few years which have elapsed silica ils formation, The Balance-sheet provided for ilcprcciatioa of properties and stock, and for bad and doubtful debts. From the profits a dividend of eight per c:nt. was paid t> tin shareholders, ami twenty per cent, of the divisible i>rofi;s was distributed as a bonus upon shareholders' purchases and upon employes' salaries, £2391 was added to the Reserve Fund (which iiowstau ls at £750!)), and a balauco.of AI23S was carried fonvanl, It is confidently expected that tlie.support wb'oli has been given to the Association ir. the Wairampa will also bo received in Wellington, which will be made the receivin'j and .distributing centre lor all its branches, thus sccurinj n more economical connection with the outside world, as well as extruding to the Wellington public the advantages of the Cooperative System. Pending better arrangements, temporary premises have been secured in a good position 011 Ltmbton-quay. Applications for Shares will bo received at the Ofiicfls of the Company, La'mbton-quiy, Wellington, Jlasterton, Greytonn, Carterton, Eketahuna| l'ahiatua and To Nui, or at the ollices of the undermentioned Brokers HARCOURT & CO,, A, T. BATE, D. T. STEWALT, JAMES HENDERSON. J. G. CHAI'MAN. Masterlon—J, C. BODDINGTON; Carrcrtem—E. W. DORSET; Grey town—F. H WOOD; Fea'hcrston—KENT-JOHNSTON; KkeEahuiu-VON RKDKN; Pahiatu -ALEXANDER WALKKR, ! Ist Folnuary, ISO 7. ' •

WASTE NOT, ;WAIT NOT! Therefore don't delay, but come right mvay and purchase your Grocery at J. WHITTAEBB'S GASH STOKE,- < Aud so save money. HAMS AND BACON !-A SPECIALTY-lIAMS AND, , „ ■' Fj£|ltY J.W.'s TlilS! tboy onn't bo beaten, Nothing but the best of everything kept. Ko;sAddhss— Next to Gi E. Danlell's new store.

J. f. SUTHERLAND, M.c.r.A., k.& Chemist ,bj Exam. Thorndon Pharmacy, 209, LAHDTOJ! . QUAY, Wellington. :: (Opposite Government Buildings), J i F. S, has ti Ifttge stock of Cliemioals,- , Drugs, Perfumes, Soaps, anil all Trade Sundries always on hand. , DISPENSING A SOTAI&Y, At Modorate Cbargr-a. . CWity Orders promptly attended to, .-NoteAddress®— Vl I P. SUTHERLAND,. | ; THOpDpN .PHABMAOY.-. r % {Oppositfe V' 'BuildibgJ), 1! TOHSOtOS;

AM S. 'JAM S. 'JA MS, ' ABE'TnE PoBnV •'' '' CAMERON'S j^EW'VENUS TOBACCO • , ! Is manufactured entirely from tbo ; finest growth;. NEW VENUS TOBACCO Cmnot ; bo..excelled ,for .purity and ; • fragtandei Smokers swear by ' new vniius t6mcc6'.V i.li. j : Becanso it affords,jb;m, the keenest : ' sense of satisfaction Vnd delisht'. (». i j.Uil'f'J •.)»']. tl fi'f : •; 3oldby all Tobacconists 'and Storo teepsra, ::v,^:/■ -