Page 3 Advertisements Column 2

Wairarapa Daily Times, Volume XIII, Issue 4028, 5 February 1892, Page 3

PROSPECTUS OP The Wairarapa Farmers' Co - Operative Association) [LIMITED,] (Formerly M, Caselberg & Co.) Incorporated under " The Companies Act, 1882." CAPITAL, £100,000; Divided into 20,000 Shares of £5 caoh, with power to inoreaso as required' Payablo as follows: 6s oil application, 5s on allotment, 5a every three months until £1 is paid, and tho balauco by calls. It is not anticipated that it will be necessary to call up any further Capital beyond £1 per Share, but in no case will farther calls be made exceeding 2s Cd per month. Directors; MYER CASELBERG, Esq., LIONEL CASELBEHG, Esq., DAVID JOSEPH NATHAN, ESQ , LOUIS JOSEPH NATHAN, Esq. lyilh power to adil to tholr number. Bankers; THE BANK OF AUSTRALASIA, ! Secretary: d, Mcintosh. Solictors: MESSRS BELL, OCLLY & IZARD, Pamma-St, Wellington, PROSPECTUS. 11HE ssociation has been formed for . the purpose of acquiring tho old established and successful General Business of Messrs M. Caselberg & Co., at Mastcrton and Greytown, and Messrs Joseph Nathan iCo.'s Retail Business at Tinui, in the Wairarapa District, and thereafter to carry on a general business up on the co-operative principle under which shareholders, and customers of the Association, will share in the profits, according to methods to bo determined from time to time by tho Directors, and for the other purposes mentioned in the Memorandum of Association, a copy of which is endorsed on this proapectu.-:. An assoeiaii . il of this nature requires, in llio chief cenifcs, commodious business premises rcplo 1 -. with facilities for economically aud expe<" iously carrying on tho disi tributirtg trade. Experienced managers with a thorough knowledge or local requirements are indis. sensible for the efficient conduct of the nisineas, and for keeping good saleable clean Blocks.

| It is necessary to know in w.iat markets, at what seasons, and in what quantities to buy thcirrequirements. It is of oven greater importance to know how, where, and when to export or otherwise dispose of the produce to the best advantage, But "the real difficult ties of all such institutions is the beginning ; for they must liavb capital at command, and have such fiuanoial arrangements, not only in the Colony, but in the various markets of the world, as will inspire the utmost confidence to enable it to build up a first-olass credit and good name, and thu3 transact business on rock bottom Units.

The profits of the Association after payment of expenses will belong to, and bo distributed amongst the shareholders. It is at present proposed after payment to shareholders of a dividend of 7 per cent upon amount of paid up capital to divide part of the balance of tlio profits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Iteserve Fund for the equalisation of dividends, and for the distinct object of starting or investing in Buoh local industries in the district as will prove conducive to the welfare cf tho shareholders, employ labour, and promote the wealth and population of the distriot, The Association will wherever sufficient inducement is offered by settlers and others, and subject to the consent of the shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing the cost of management and conduct of business, reduce expenses and enlarge its sphere of usefulness.

This is (ar from being a speculative concern. The bnsinesces of the vendors have been cairicd on successfully for the last twenty-five years; ajd trio promoters have such confidence in the future ol the Association that they are prepared, bo long as Mr Caselberg is ollowed a controlling voice in, the management of the concern as heretofore, to guarantee a dividend of not less than G per cent for tbe next five years. It should be plainly understood that the promoters do not desiro now, nor in the future to take o>-t their capital, hut to carry on the business on the new lines with Mr Caselberg at the head of affairs, assisted by all the present staff, many of whom have been hown to you for the last fifteen years, Disinterested experts will be employed to certify that stocks have bten taken at abso'uto cost, and all bad or old stock has been reduced to the market value or taken away altogether, Book debts taken over are guaranteed against loss by Iho vendors, The following contracts have been made, namely:— 1. A contract between Messrs M, Caselberg & Co.j and the Association. 2, & contract between Messrs Joseph Nathan & Co., and the Asaooia>. tion, Applications for shares should bo made upon the aecom. nnying form, and forwarded to the Bankers <•' the Association, together with tho amouni payable on application, If no allotment is made the deposit will be returned without deduction, ami where the number of shares allotted is less than the number applied for, surplus will bo credited in reduction of the amount payable on al> lotment, A form of Application for Shares is annexed, and a copy of the memorandum of Association will be found endorsed oh thisprospectus, A copy of the Articles of Association of the Association, and of the contracts above mentioned maybe inspected at the office of the Association's Solicitors, Dated this day of 1892. (Signed) M, CASELBERtr & CO. (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES, MEMORANDUM OF ASSOCIATION OF THE WAIMRAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited. (rOBMEIUYM, CASELBEHG AND CO,) 1, The name of the Association is "The Wairaiiafa Faumehs' Co-opebativb Association, Limited," 2, The Registered Office of the Association will be situated in Hasterton, in tho Colony of Now Zealand. 3, Tho objects for which the Association is established are (A.) To acquire by purchase, as a going concern, tho stock in trade, properly (real and perianal), book debts, and goodwill of tho business now curried on by Messrs M, Caselberg and Co., of Masterton and Grey town, Storekeeper; and the piemises where that business is now being carried on at Masterton and Grey town; also to acquiro by purchase, as a going concern, tho stock in trade, property (real and personal), book debts, nnd good will of tho retail business now carried on by Messrs Joseph Nathan k Co., at Tenul, in the District of AYairarapa j and to take over the said businesses as going concerns, as on and from tbo first day of February, 1892, and to pay for tho samo cither by shares wholly paid up, or by shares partly paid up, or by cash, or partly in ono of such ways and partly in another.. \ (ft) To accept, toko over, undertake, and carry out to completion all contracts, engagements, and liabilities entered Into or incurred in connection with the said business, or either of them, . . ' (c) To carry onin thoAVnirorapaDistrict, and elsewhere In New Zealand, and h any part of the world, the businesses of Whole sale General Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmer*, and any other business, trade, or occupation (whether ot a similar kind to those specially named or not) which tho Directors may from time to time think it advisable to embark the capital of the Association upon or jobi in, and so that in every case the Directors shall have power to enter upon, and carry on any business upon co-operative pun(d.) To purchase stock in trade for such business, from time to time, upon such terms as tbe Directors shall stem lit. . (e.) From time to timo to purchase, accept leases for terms of years of, or acquiro on any other tenure, land, stores, nhops, and other buildings, whereon the business of the Association may be carried on or be intended to bo earned on; and any land or buildings bo acquired to dispose of or .. .deal with by sale, lease, or othei wise, as to tho Directors shall seem fit. (p.) To mako and enter into contracts and en* gagemeuts for tho faupply of stock in trade or material fit fixed prices# for fixed periods, or otherwise, as to the Directors shall seem fit. • ; n . (o.) To acquire and undertake fch® wools or . 1 ~ any. part ot the business, property, and liaoiUtieg ftoy corpoiitiou or pbnob