Page 3 Advertisements Column 2

Wairarapa Daily Times, Volume XIII, Issue 4027, 4 February 1892, Page 3

Co - Operative Association ." [LIMITED.] (Formerly M, Caselberg & Co,) Incorporated under" The Companies Aot 1682," CAPITAM100.000; Divided into 20,000 Share2 of £5 caab, with power to inorcaee as required' Payable as follows: 6a on application. 6s od allotment, 5s every three monthi until £1 is paid, and the balance by calls, it is not antioipited ihat it.will be neceßsary to call up any furthei Capital beyond £1 per Share, but in no ease will further calls be made exceeding 2s (id pei mouth, Directors: mm oA.sm.BBRG, esq,, LIONEL CASELBEHG, Esq., DAVID JOSEPH NATHAN, Erq, LOUIS) JOSEPH NATHAN, Esq, With pow«r to add to thtlr number. THE BANK OF AUSTRALASIA, Secretary; D.McINTOSH, Solictors: MESSES BELL, GULLY A IZARD,. I'wm-Si, Wellington. THE Asiooiation has been formed for : the purpose of acquiring 'the. old established' and successful General Business of Messrs M. Caselberg &Co. a|t Mnstcrton and Qrevt»wn, and Meßsra Joseph Nathan & Co's Retail Business' at Tinui, in the Wairarapa District, and thereafter to carry on a general business «|> on tho co-operativo principle under which shareholders, andoustomersof the Association, wM'sh ire in the profits, according to methods to ho determined from time to timoby tin Dircotors, and for the other purposes mentioned in the Memorandum of Association, a cop/of which is endorsed on this prospectus, An association of this nature requires, in the chief centres, commodious business premises replete with facilities for economically and expeditiously carrying on the din tributing trade, Experienced managers with a thorough knowledge of local requirements are indis. pensible tor the efficient conduct of the business, and for keeping good saleable clean stocks, It is necessary to know in what markets, at what seasons, and in what quantities to buy theirrequirements.. Itis of oven greater importance to know how, where, and when to exporter otherwise disposo of the produce to.the best advantage, But the real difficult tics of nil auob institutions is the beginning; for they mutt havo capital at command, and have such financial arrangements, not only in the Colony, tat in the various markets ol the world, as will inspire the utmost conlidence to enable it to bnild up a first-class credit and good name, and thus transact business on rook bottom limits. The profits of tho Association after payment ol ojpenses will belong to, and be distributed amongst the shareholders. It is at present proposed after jaymennt to shareholders of a dividend of 7 per ceut upon amount of paid up capital to divide part of Iho balance of the profits'amongat the shareholders, according to the amount employees, and to carry part to a Deserve Fund for the equalisation of dividends, and for the distinct object of starting or investing in 6Uoh local industries io tho district as will prove conducive to the welfare pf the shareholders, employ labour, and promote the. wealth and population of the district. The Association will wherever euffioientinduccment is offered by tcltlciß and others, and subject to the oonsent of the shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing tho cost of management and oondiiot of' business, reduco expenses and enlarge its sphere of usefulness. ' This is far from being a speculative concern, The businesses of the vendor's have been earned on successfully for the last twenty-five yean; and the promoters have meb confidence in the future of -the Association that they are prepared, so long as Mr Caselberg iB allowed a controlling voico in the management of the concern as heretofore, to guarantee a dividend of not less than 6 per cent for the next five yeare, It should be plainly understood that the promoters do not desire now, nor in the future to take out their capital, but to

carry on the business on the new lines with Mr Caselberg at the head of affairs, assisted by all tho present staff, many of whom hare been known to you for the last fifteen yearn Disinterested experts will be employed to certily that stocks have been, taken at abßelute cost, and all bad or old . etook :has been reduced to the market value or taken I away altogether, ,'. I Book debts taken over are guaranteed against lojb by tho vendor* The following contracts bare been made, namely:— 1. A contract between Messrs M. ,'. r Caselberg & Co.* and tho Association, . 2, A cpatraot between Messrs Joseph . Nathan it Co,, and tho Aaaooia* t lion, . Applications (or shares should be made upon tho accompanying form, andforwarded (6 the Bankers of the Association, together with tho amount payable on application, If no allotment is made the deposit will be returned without deduction, and where the number of shares allotted is less than tho number applied for, surplus tvill be credited In reduction of the amount payable on al« iotmsnt, ' A form of Application for Shares is anneied, and a copy'of tho memorandum of ABS'iciation will be found endorsed on thisproipeotus, A bopy of the Articles of Association of the Association, and of the contracts above mentioned may be inspected at the office of tho Association's Solicitors, Dated this day of 1892y ■ • (Signed) M. CASELBERG & CO. (Signed) JOSEPH NATHAN A CO, "THE COMPANIES ACT, 1882;" ASSOCIATION LIMITEP BY SHARES, JIBMOB4KDOH OF ASSOCIATION OF IHI WAIKARAPA FARMERB" 00-OPER. ATIVE ASSOCIATION, LiMOTD, . (FOBMBEIYH, CASBUiptAHU " 1, The nsmio : of the Association is "The TVaiiuhapa FAKSfJWi' Co-opebativb " AssooiAiioN/LraiiED," 2, The Registered. Office of. the. Association will be situated in .MostertoDi- inlibe Colony of New Zealand. 3, The objects for Which the Association is establishedaro ■' -■•"• (a.) To aco,niro by purchase, aa agoing concern, Caselberg and Co,, of Masterton, and Greytown, Storekeepers; and'the pjemlies whore that business is now bein^car* HUUOWUK m uauc, |i,uuquj> tuu personal), book debts, and food will of the retail business bow carried on by Messrs Joseph Nathan k Co,, at Tonal, in the District of "Walrarapa; and to take over the said businesses as going concerns, as on stidfrom too first day of February, 1892, and to pay for the same either by shares wholly paid up, or by shares partly paid up, or by cash, or partly in one of such ways and partly in anotheV (b,) To accept, take over, undertake, and gagements, and habiiiti«B entered Into or Incurred in connection with the said business, or cither of them', ' (0) To carry onln tho Walrarapa fliitript, and ' elsewhere in New Zealand, and in any pattof theworld, the businesses of Wholesale General Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers, and any other ' Tmsinpss, trade, or occupation (whether ot a similar kind to those specially named or • - n6i) which the Directors may from time ... to time think it advisable to embark the capital of the Association upon or join ' in, and so that in every case tho Directors, ■• shall have power to'entenipon, atid carry on any business upon co-operative principles, .'• ■..'.";• '' '' ' ' • (D.) To purcnaie swcKiniraueior sucnonsi- ■• ntsvfrbm thne 'to'time,'ilpou.6U,oh term's asthcDircctors'shailstemfit, ■ .the Association may be carried on- or hi •■intended to be carried on [.and any laa orbniHings.BO acquired to disposo.of o deal with by sale, leas- '"-"•"™" " ' to tho Directors stall e (r.) To make and enter into contracts and in . gagementt for the supply of stock in tradi or material .af tad prices, for ix« periods,' or otherwise, ut to tue Director, ihallseemut, '■• • ', ', ;■■ (o.) To acquire and underiaks.tbe whole o ... —.l Al *lio Vi'etneiQ mimnkf. 11l ■ 'ljabllitiM of. anf Mrporatlon or.perso