Page 1 Advertisements Column 7

Wairarapa Daily Times, Volume XVI, Issue 5562, 18 February 1897, Page 1

SCEfiM i WfiLLIKGTON POLICE COURT. ' 1 8. MAGiSTBATE: What did you say was tlio v aide' of those Shoes?"-' ':■ PLAiNTIFP■ '"'Twentysbillings,''Sur,' yatoWushup." 1 • w',. S. MAOISIMTkiei/6 thai?. You said you Rave twolvo shillings anf sixpence for p ™ m - I know something about Shoes." QVinks ai CM).' \es, jure Wus!ra p ; but then I had'thom half-aolod three times/and hi ll c r°° ' h "" PB ? Wushup, and mm ««.a. isssasssjr ■•*<-•»»**» PLAINTIFF; " Yes; y'rire'Wushup. They was' KANGAEETTES.'» ; ' •' S. •MAGISTRATE I ! Ah i that alters the case. Yerdiet (or Twenty, Shillings, Clerk."' See this Brand on each Soot oi; Sks, ifyfapaf in Gold inside. DO NOT BUY ANY GOODS THAT , IMITATE THIS NAME: icsrraißECD, Hcitm of Stii'pulctnd Worthless lihititlions. ..tVe only ÜBQ tije Gsmuoo SKIN.', . t W. & J. STAPLES & CO SOLE MANUFACTURERS. .. j Wnirarapu Farmers' Co-Operative Association, Masterton, and all brancho? AGIiMS |J. Carpenter, Mastcrtou; E. Feist, Carterton'; A.H. Ktahageu, Carterton(H. Aulin, llketahuna. ' ' I •> INCREASE OF CAPITAL OF THE WAIRARAPA FARMERS' COOPERATIVE ASSOCIATION (LIMITED). ■ ' REGISTERED UNDER "THE COMPANIES ACT, 1882." AUTHORISED CAPITAL ... £IOOOOO ... • ... *74,020 In 20,000 Shares of £5 Each. SUBSCRIBED CAPITAL, 31ST JULY, 1800 Diiieitohs: M. CASELBEItG, Chairman. D. J. NATHAN W. BOOTH L. J. NATHAN D. DONALD H. G, WILLIAMS O. I'HAHAZYN li. CASELBERG A. W; CAVE JOSEPH JOSEPH. IS.WKKHS: BANK OF NEW ZEALAND, Solicitous : BELL, GULLY, k IZARD, SraiEiAKY: D. W. M'INTOSH. BROKKIIS : HARCOUUT k CO., D. T. STUART, A. T, BATE JAJIU.S HENDERSON, J. G. CHAPMAN. ' NEW ISSUE QF"SHARES TO £50,1)00, To be called up as follows ORDINARY or "A" SHARKS of £j EACH, on which £1 per shire will h called up in ins'alments of lis lid per share, at intervals of not le's than threo montlis. 'B'' SHARES of il EACH, with NO FURTHER LIABILITY, to he paid up in instalments of ;>s per share, at intervals of not Uss than three months, BOTII CLASSES Ol' SHARES are issued at a premium of 2s lid for each £1 paid up, such premium being payable together with Hie first instalment of any even sum of £l. Iu consideration of this payment they PARTICIPATE IN THE RESERVE FUND, widen now amounts to move than £7OOI, and is equal to 3s -td in the £ on the paid-up capital of the Company. The premiums received 011 the shares now offered to tho public will be added to the Reserve I'uud. nnilK Business of the WAIRARAPA FARMERS' COOPERATIVE ASSOCIATION j- _ (Limitkiil was originally carried on by Mr. Caselbprg, and was established in 1808. In 18111 it had increased to such an extent that Mr. Caselberg decided to convert it into a limited liability company 011 the co-operativo principle, ami wilhiu a very short time tho whole of the capital necessary was subscrib id, viz.: £7J,020. Since July, lSllli, the balance ■ of the unsubscribed capital lias been taken in, chielly by the old shareholders, at a premium of 12s lid per share. Tho purposes of the Association nrj similar to tliosj of other co-operative rosieties which iu this and the Old Country have done such excellent' work, tho objects beiuj to supply Shauholdeis with the best of commodities at the lowest cist, and, after payiug a divi,lend upon tho paid-up capital and establishing a reserve, to distribute Hie balance of the profits among t!io:se who, by their custom, have contributed tj too success of the Asiociation; in other words,, to pay to the Shareholders a bonus upon tho amoun', of their purchases. The business includes tho sale of produce fur customers; tlu making advances upon wool, growing crops. Sc.; and general commission bus'iiesj. The Association has at present its head-quarters at Mastjrton, with branches at Greytown, Carta ton, Pahiatua, Kketnlrana, and Tenui, and it owns the Kopuainnga Dairy Factory. Owing to the great increase of biuines', tiie Directors consider that til 1 time has come to increase their trading capital and to establish a Ij.-ainh and receiving depot 111 Wellington. This will provide ut centre from which imported goods can b; distributed in V airnrapa witli economy and promptitude, and to which wool, g aiii, and othor produce can be sent from the country for sale or shipment to tin bes; ndvautige. The piogivss and development of tho Association hitherto hive exceeded tho most sanguino expectations, and with tho exception of one year, wlioa the Association paid sii per cent,, it has n yularly paid its shareholders eight p.-r coat, interest oil their capital. The Directors have every coiifulciicj iu recoinni juding the investment to the public, and iiiitieiprit-i tint iu tho near future the Assoeiatioa will empire favjurab'.y with '.in largo cj op; relive concerns of the Old Country, whos3 shares have proved such excellent investmi-ii'.s fur the shareholders, i'lid nra at the pres;nt timo s > eag rly sought after, lr. addition to tlm advantages obtained under the co-operative system, which enables shareholders to purchase 1 all t'>eir i-ei|uir>mi'uts of the best quality at the lowest current rates, the holder of say livo slum so'£l each draws, ovor ail 1 above the dividen lon his shares, a bonus 011 his purchases. This bonus has been in the past as High as live per cent., and averaged.£l 103 p;r cent,; thill purchasasof t'lOOdurinj the year have obtained 11 return 01 their £5 of £1 -Mil, . It is recognised by tho Directors that there are a l.vg) number of persons iviio would bo most desirable shareholders, but who aie uinblo or unwilling to provide much capital, anil who object to taking shires on whic'i tli-'W is.any large uncalled liability. To mo t such easts it has been decided to issue a new class of shares, to be called " ii" siia:ef, 011 which £1 will be called up iu instalments, with 110 further li ibility. Tho accompanying Balancj-shoet mid I'rofitaud Losi Accauut at 31st July, ISOO, show the strong position of the Association. Liabilities, To Share Capital liestrvo ... Premium on New Shares... Sha-cs forfeited Unc'aiincd Dividends London Drafts against Consignments and Loudon Agents' Accounts ... Cash 011 Deposit, with accrued interest Hank of New Zealand Bills Payable and Sundry Liabilities Balanco Profit and Loss BALANCE-SHEET, £ 9. d, 42,300 6 0 4,511 0 0 13 0 0 55 0 0 5017 2 4,500 0 0 (1,553 311 5,082 5 5 0,440 17 10 ■£75,512 2 4 (Contingent Liability— BiPs under discount, £OOOII 12s Oil) PROFIT AND LOSS ACCOUNT. £ 8. d. I Assets. £ B, d. By Freehold and Leasehold Properties and Kopua- • inngn Factory Plant... 14,21110 7 Stock on hand and niloat... 38,997 17 4 Plant and Livo Stock Casli in hand Cash iu hand. Dividend Ac-c-iuufc ■; Book Debts and Bills Re. ceivahle • Advances and Consignments of Produce to London Unexpired Valun of Insurance Premiums 1,733 10 10 M 111 10 213 1 18,1122 10 5 000 0 10 315 3 5 £75,512 2 4 To Departmental and Working Expense's General Management General Charge?, stationery, Advertising, Legal Costs, Fire Insurance, Interests and Discount, Depreciation of Plant and Bad Debts Balance Net Profit... 10,444 17 7 1,110 2 0 liy Balance brought forward, 1805 Accouj-.t Gross Profits on Sales, Cummissions, etc Rents and Transfor Fees ■... Bail and Doubtful Debts recovered ... £ t. 22,011. 22 ; 21 18 0 G 0 0 1850 12 2 11,440 J 710 422,870 10 1 £22,870 10 1 These figures show the substantial position which the Association ha 3 secured in the few' years which have elapsed since ils formation. The Balance-sheet provided for depreciation of properties and stock, and for bail and doubtful debts. From tho profits a dividend of eight percent, was pail t> tin shareholders, and twenty per cent, of the divisible profi's was distributed as a bonus upon shareholders' purchases and upon employes' salaries, £2391 was added.to the Reserve Fund (which now s'an-U at £7500), aud a balance of £238 was carried fonvanl. It is confidently expected that the support wh'cli lias heen given to tho Association in the Wairarnpa will also bo received in Wellington, which will he made the receiving and ilistribut- 1 ing centre lor all its branches, thus securing a more economical connection with tho outside winld, as well ns extending to tho Wellington public tho advantages of the Co-opoiativo' System. Pending better arrangements, temporary premises havo been secured in a good position on Lambton-quay. Applications for Shares will bo received ni the Oflicns of tho Company, Lambton-quay, ■ Wellington, Jlastertjn, Greytown, Cnrtirton, Kketahuna, l'abia'.ua anil To Nui, or at the offices of tin undermentioned Brokers:— IIARCOURT & CO., , A. V. BATE, D. T, STEWART, JAMES HENDERSON, J. G. CHAPMAN. . ' , llastovtou—J. ,C. BODDINGTON; Caricrtou-E. W. DORSET ; Greytown-F, H WOOD; FeaUierstoa-KKNT-JOHNSTON; EketahiiM-VONREDKN; Pahiatu -ALEXANDER WALKKR, Ist Pi-bi unry,, 1807. i WASTE NOT. ; WANT , NOT! Therefore don't delay, but come right away and purchase your Grocery at J. WHITTAKER'S GASH STORE, Aud so savo money. HAMS AND BACON l-A SPECIALTY-HAMS AND BACON I ["TOY J.W.'s TEAS I they curt bo beateq.,! but the best of everything kept, 1 No's ADDItE33- ;■ Next to C. E. Daniell's new store.

•'THEMastebton,' ' " '' COACHING AND' CAMYING CO: . CLUi! HOTEL ' L|very, and Bait; .Stables. 110YAL Mm LINE OP COACHES. from; kiisTEirfoN k'O 'tenul I AND OASTLEPOINT. ! MASTEHTONMiEW6'6I)- : ANi) V ,-j. EAST COAST COACHES leave Mastsrion nt'7,'4s 'a,n), on Tuesdays and Fridays, returning on: Wednesdays;'6)l(l SatirdAjs, in tjn(o ; io : catch 3.15 p'lii! train to Wellington, 'Foriela and booking office at the Club. Statics. Carrying undertaken, to! all; parts 'oM'tbe Compondence aidreimi .• 0, EaNwsos, .. waMjer, P.O. Butt, Mtuterton,.