Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4033, 9 February 1892, Page 4

Co - Operative Association, [LIMITED.] (Formerly M, Caselbcrg & Co.) Inoorpotatcd Companies Act, CAPIXAM100.000; Divided into 20,000 Shares of £5 each, with power to inorcase as required' Payable as follows: 5s on application, 5a on allotment, 5s every three months until fl is paid, and tho balance by calls. It is not anticipated that it will bo necessary to call up any further Capital boyond £1 per Share, but in no case, will further calls be made exceeding 2s 6d pet month, ■ Directors: MYER CABBLBERG, 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 & IZARD, PiNiMA-Sl, WeIUSOTON. PROSPECTUS. THE association has been formed for the purposo of acquiring the old established and successful General Business of Messrs M. Caselberg & Co., at Mastorton and Greytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Waiiarapa District, and thereafter to carry on a general business up on the co-operative principle under which shareholders, end customers of the Association, will share in the profits, according to methods to be determined from time to timo by the Directors, and for tho 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 ohief centres, commodious business premises replete with facilities foreconoini' oally and expeditiously oarryiug on the distributing trade, Experienced managers with a thorough knowledge of local requirements are imlis.. pcnsiblo for tho effic cnt conduct of the business, and for keeping pood saleable clean stocks, It is necessary to know ia what markets, at what seasons, and in what quantities to buy theirrequireraents. It is of even greater importance to know how, where, and when to exportor otherwise dispose of the produco to the best advantage, But the real dilliuuN ties of all 6uch institutions is the beginning ; for they muit have capital at com mand, and have such financial arrange' mcnts, 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 pay. mentof 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 tho balance of the profits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Reserve Fund for the equalisation of dividends, and for the distinct object of starting ir investing in such local industries in tho district as will prove conduoivo to the welfare of tho shareholders, employ labour,, and promote the wealth and population of the district. The Association will wherover sufficient inducement is offered by settlers and others, and subject to the consent of tho shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing tho cost of manage< meat and conduct of business, reduce expenses and enlarge its sphere of usefulness. This is far from being a i, concern, The businesses of the vendors have been cai tied on successfully for the last twenty'five years; and the promoters have such confidence in the future ol the Association that they are prepared, so long as Mr Caselberg is allowed a controlling voice in the management of the concern as heretofore, to guarantee a dividend of not less than 6 per cent (or the next five years. It should be plainly understood that the promoters do not desire now, nor in the future to take oat their capital, but to rfirrv nn fhi> hininMs fin thfi tifiw linp.q with (? (8

carry on me ousiness on me new Mr Caselbcrg 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 been taken at absolute cost, and all bad or old stock has been reduced to tho market value or taken away altogether, Book debts taken over are guaranteed against lossby tho The following contracts havo been made, namely 1, A oontract between Messrs M, Caselbcrg & Co. j and tho tion. 2. A contract between Messrs Joseph Nathan & Co,, and the Assooia-, tion, Applications for shares should be made upon the accompanying form, andforwarded 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 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 on this prospectus, A cupy of tho Articles of Association of the Association, and of the contracts above mentioned may be impeded at the office of the Association's {solicitors. Dated this day of 1852. (Signed) 11. CAsELBE>i(j& ('O. (signed) JuSKPII NATHAM & CO, "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHAKES, JIEMOBANDUM or ASSOCIATION OF THE WAIHARAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, LIMITED. (FOBHEBIYH. OABEIBEBO AND CO.) 1, The namo of the Association is " Till'. Waibabapa Fabjikbs' Co-operative Association, Limited," 2, The Registered Office of the Association will be situated in Masterton, in the Colony of New Zealand, 3, The objects for which the Association is established arc (A.) To acquire 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 Greytown, Storekeeper; and the prem iscs where 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 pood will of the retail business now earned on by Messrs Joseph Nathan & Co., at Tenui, in the District of Wairarapa; and to take over the said businesses as going concerns, as on andfrom tbefirst 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 nays and partly in another, (B,) To accept, lako oyer, undertake, and carry out to completion all contracts, engagements, and habilitits entered into or incurred in connection with the'said business, or cither of them. . _ ; (o) To carry on in tho lVeirarapa District, and elsewhere in New Zealand, and h any part of the world, thebusincisjsoflVhole sale General Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmery and any other business, trade, or occupation (whether of a similai land to thoso specially named or not) 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 (hall have power to enter upon, and carry on any business upon co-operative principles, ; ' ' (d.) To purchase stock in trade for such busi-. ness, from time'to time, upon such terms as the Directors shall stem fit. (e.) Vrom timo to time to purchase, accept leases for terms of years of, or acquire on any other tenure, land, stores, shops, and other whereon the business. • of the Association inay'be carried On or bb intended to be carried on; 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. (r.) To make and enter into contracts and engagements for the Bupply of stock in trade or material at fixed prices, for fixed periods, or otherwise, as to the Directors shall seem fit, (a,) To acquire and undertake tho whole or any part ot the business property, aud litDtHtiei of any corporation or person'