Page 3 Advertisements Column 2

Wairarapa Daily Times, Volume XIII, Issue 4031, 6 February 1892, Page 3

, PHOSPEOTU3 OF The Wairarapa Farmers' Co • Operative Association, [LIMITED.] (Formerly M, Casolberg & Co.), Incorporated under " The Companies Aot, 1682," CAPITAL, cfilOOjOOO; Divided into 20,000 Shares of £5 eaoli, with power to increase as required' Payable as follows: 5s on application, 6s on allotment, 5a every tlireo months until £1 is paid, and the balance by calls, It is not anticipated that it will be necessary to call up any further Capital boyond £1 por Share, but in no enso will further calls be made exceeding 2s Gd pel month. Directors; MYER CASBLBEKG, ESQ., LIONEL CASELBERG, ESQ,, DAVID JOSEPH NATHAN, Esq , LOUIS JOSEPH NATHAN, Esq.; With power to add to their number. Bankers: THE BANK OF AUSTRALASIA, Secretary: D, McINTOSH, Solictors:. MESSRS BELL, GULLY WIZARD, Panum-St, TViansoioN, PROSPECTUS, THE association has been formed for tho purpose of acquiring the old established ami successful General Business of Messrs M. C'aselberg & Co., at Masterton and Greytown, aud Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Wairarapa Distrjot, and thereafter to carry on a general business up on the co-operativo principle under which shareholders, and customers of tho Association, will share in the profits, according to methods to be determined from time to time by tho Directors, and for tho other purposes mentioned in the Memorandum of Association, a copy ol 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 disi tributin" trade, Experienced managers with a thorough knowledge of local requirements aro indis.. lensible for the effioicnt conduct of the rasiness, and for keeping good saleable clean stocks. \ It is necessary to know iu what markets, at what seasons, and in wlut quantities to buy thcirrequirements. It is of even greater importance to know how, where, and when to exportor otherwise dispose of tho produce to the best'advantnge, But the real difficult lies of all such institutions is the beginning; for they must have capital at command, and have such financial arrangements, not only in the Colony, but in the varioas markets of tho world, as will inspire the utmost confidence to enable it to build up a first-class credit and good name, and thus transact business on rook bottom limits.

The profits of to Association after payment oi expenses will belong to, and be 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 the profits amongst the shareholders, according to the amount o! business done by each, and a bonus to employees, and to carry part to a Keserve Fund for the equalisation of dividends, and for thodijtinct object of starting or investing in such local industries in the district ns will prove conducive to the welfare of the shareholders, employ labour, and promote the wealth and population of the district. 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 far from being a spooulatiye concern, the businesses of the vendors have been cairied on successfully for the last twenty-five years; and tire promoters have such confidence in the future of the Association that they are prepared, so long as Mr Caselberg is allowed a controlling voice ■ in the management of the concorn as heretofore, to guarantee a dividend of not less than 6 per cent for the next five years. It should be plainly understood that the promoters do not desire now, nor in the future to take oat tLeir capital, but 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 known to you for the last fifteen years, ; ; Disinterested experts will bo employed to certify that stocks have ken taken at absolute 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 the vendors, The following contracts have been made, namely:- 1 1, A contract between Messrs M, Caselberg & Co.; and the Assooiation, 2, Aoontraot botween Messrs Joseph Nathan & Co,, and the Assooia* tion, , Applications for shares should be made upon the accompanying form, and forwarded to the Bankers of the Association, together with the 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 the number applied for, surplus will be credited in reduction of the amount payable on allotment, A form of Application for Shares is annexed, and a copy of the memorandum of Association will be found endorsed oh this prospectus, A oopy of tho Articles of Association of the Association, and of the contracts above mentioned may be inspected at the olßoc of the Association's Solicitors. Dated this day of 1852. (Signed) M. CASELBERG & CO, (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882," 1 ASSOCIATION LIMITED BY SHAKES,

MEMOIUNDUM Of ASSOCIATION 01' THE WAIRARAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, LIMITED, (VOBMEMA'M, OASKLDERO AND CO,) 1, Tho namo of the Association i! " The Vairabapa' Eabjieib' Cq-OPERATivE AsSooiatioS', Limiter." 3. The llegifitcrcS Office of the Association " will bo' situated jn Mptertqn, In tho Colony or Now Zealand, 3, The objects for which the Association is established oro: (A.) To acquire by purchase, ns a going concern, the stock in trade, property (real and personal), hook debts, and goodwill of tho business now parried on by Messrs M, Oaselberg and Co., ot Mastorfon and Greytown, Storckcepcs; and the premises where that business is no\v heing ear-. nedonatMastertonandGreytown; also to acquire By purchase, as a going poricerq, tho stock in trade, properly (real and'pep sonal), book debts, and good ivill of (lie retail business now carried on hy Messrs Joseph Nathan k Co., at Teniji,' iii the District of Wairarapa; and to take oyer the said businesses as going concerns, as on and from tbo first day of February, 1892, l)bd to pay for (he samo 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 another, (b.) To accept, lake over,- undertake, and carry out to completion all contracts, engagements, and liabilities entered into or incurred in connection with tho said business, or either of them, (c) To carry i)nin tho WairoranaDistrict, and elsewhere in New Zealand, and in any part of tho world, the businesses of Whole sale General Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers, and any other business, trade, or occupation (whether ot a similai kind to those specially named or noO 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 the Directors ahull have power to enter upon, and cany 1 on any business upon co-operative principles, (D.) To puichaso stock iu trade for such business, from time to time, upon such terms as tho Directors shall stem fit, {>:,) From time to timo to purchase, accept 1 leases for terms of years of, or acq\\iro oil any other tenure, lansl, sta sljopii, and other buildings, whereon tho business oj the Association may bo (arried on or bo intended to bo earned on j and any land or buildings so acquired to dispose of or ' deal with by sale, lease, or otherwise, as - .to tho Directors shall seem fit, (k.) To make and enter into contracts and engagements for the supply of stock in trade or material at Ixed prices, for fixed ' periods, or otherwise,'as to tbo Directors shall seem fit. • (0.) To acquire and undertake the whole or any part ol tbo. business, property, and liaoiutiej of any corporation orjwson