Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4032, 8 February 1892, Page 4

'he wairarapa Farmers' Co-Operative Association, [LIMITED,] (Formerly M, Caselborg & Co.) Incorporated under" The Companiea Act, 1682," , CAPITAL, £100,000; Divided into 20,000 Shores of £5 each, with power to increase as required' Payablo as follows: 58 on application, 5s on allotment, 5s every three months until £1 is paid, and the balance by calls, It is not anticipated that it will bo necessary to call up any further Capital beyond £1 per Sharo, but in no caso will further calls be mado exceeding 2s 6d per month, Directors; MYERCASELBERQ.Esq, LIONEL CASELBERG, Esq,, DAVID JOSEPH NATHAN, Esq, LOUIS JOSEPH NATHAN, Esq. With power to add to their number. THE BANK OF AUSTRALASIA, Secretary: Solictors: MESSRS BELL, GULLY & IZARD, PmuA-Si, Wklunoion, THE association has been formed for the purpose of acquiring the old established and successful General Business of Messrs M. Caselberg & Co., at Ma-tcrton and Greytown, and Messrs Joseph Nathan & Co'a 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 Bhare in the profits, according to methods to be determined from time to time by the Directors, and for the other purposes mentioned in the Memorandum of Association, a copy of whioh is endorsed on this prospectus. An association of this nature requires, in the ehief centres, commodious business promises repleto with facilities for economically and expeditiously carrying on the dis-, tributing trado. Experienced managers with a thorough knowledgo of local requirements are indie., pensible for the eflioient conduct of the business, and for keeping good saleable dean stocks,

It is necessary to know iu what nmrkets, at what seasons, and in what quantities to buy theirrequircmcnts. Itis of even greater importance to know how, where, and when to exportor otherwise dispose ot the produce to the best advantage, But the real difficult tits of all such institutions is the beginning; for they must liavo capital at command, and have such fiuancial 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-class credit and good name, and thus transact business on rock bottom limits, The profits of the Association after payment of expenses will belong to, and be distributed amongst tho 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 prolits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Eeserve Fund for the equalisation of dividends, and for the distinct object of starting or , ..vesting in such local industries in the district ns will provo conducive to tho welfare of the shareholders, employ labour, and promote the wealth and population of < the district, The Association will wherever sufficientinduccment is offered by Bettlers 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 speculative concern. The businesses of the vendors have been coiried on successfully for the last twenty-five years; a.id the 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 Uio management 6i the concern aB heretofore, to guarantee a dividend of not less than C per cent for tbe next five years.

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 the present staff, many of whom have been known to you for the last fifteen years. Disinterested experts will be employed to certify that stocks have bten taken at absolute cost, and all bad or old stock has been reduced to the market value or taken nway altogether, Book debts taken over are guaranteed against loss by tho The following contracts have been made, namely : 1, A oontraot between Messrs M. Caselberg & Co,, and tho Assooia-, tion, 2. A contract between Messrs Joseph Nathan & Co,, and the Assooia'. tion, Applications for shares should be made upon the accompanying form, andfonvarded to Hie 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 sharjs 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_Ass"ciation will be found endorsed on this prospectus, A copy of the Articles of Association of the Association, aud of the contracts above mentioned may be inspected at the office of the Association's Solicitors. Dated this day of 1802, (Signed) M.CAsELBERG& CO. (Signed) JOSEPH NATHAN A CO, "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHAKES, .MEMORANDUM OF ASSOCIATION OF THE WAIRARAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited. (VOBMKBtV M. OASEIIOG AND CO.) 1, Tho name of the Association is " TliF. Wairahapa Farmers' Co-operative Association, LuiiTKa" 2, The Registered Office of tho Association will be situated in Masterton, in the Colony of New Zealand. 3, The objects for which tho Association is established ore : (A,) Toacquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts, and goodwill of the business now carried on by Messrs M. Caselberg and Co., of Masterton and Grey town. Storekeeper; and the prem iscswhero that business is now being carried on at Masterton and Grey town; also to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts, and good will of the retail business now carried on by Messrs Joseph Nathan & Co,, at Tenui, in the District of ffairarapa | and to take over the said businesses as going concerns, as on and from tbe first day of February, 1892, and to pay for the same cither by shares wholly paid up, or by shares partly paid up, or by cash, or partly in ouo of such ways and partly in another, (d.) To accept, lake over, undertake, and carry out to completion all contracts, engagements, and liability entered into or incurred in connection with the said business, or either of them. (o) To carry on in tho Wairaropa District, and elsewhere in New Zealand, and ia any part of the world, the businessts of Whole salo General Merchants and Manufac(„.„r. ami Rotiil Kananil n»l.n .ml Shopkeepers, and Farmers, and any other business, trade, or occupation (whether ot asimilai kind to those specially named or noij which tho Directors may from time to time think it advisable to embark the capital of tho Association upon or join in, and so that in every case the Directors shall have power to enter upon, and carry on any business upon co-operativo principles. (D.) To purchase stock in trade for such business, from time to time, upon such terms as the Directors shall stem fit, (k.) From time to time to purchase, accept leases for terms of years of, oracquiro on any other tenure, land, stores, shops, and other buildings, whereon tho business of the Association may tc carried on or bo intended to bo earned on; and any land or buildings so acquired to dispose of or deal with by sale, lease, or otherwise, as to thoDircctors shall seem lit, (f.) To make and enter into contracts and engagements for the supply of stock in trade or material at fixed prices, for fixed pcri'ids, or otherwise, as to the Directors shall seem fit, (g.) To acquire and undertako the whole or nay part ot the bmincsi, property, and liabilities of any corporation or person