Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4034, 10 February 1892, Page 4

Co-Operative Association, [LIMITED.] (Formorly M, Coselberg & Co,) Incorporated under" The Companioj.Aoi, ■ 1682," CAPITAMIOO,OOOj Divided into 20,000 Shares of £5 caob, with power to increase as required' Payablo as follows: 5s on application, 5s on allotment, 6a every thrco months until JEI is paid, and the balance by calls, It is not anticipated that it will be necessary to call ud any further Capital beyond fl per Share, but in no case will further calls bo made ex* cceding 2s 6d per month, Directors: MYER OASELBERG, Esq,, LIONEL CASELBEBG, Eso., DAVID JOSEPH NATHAN, Esq, LOUIS JOSEPH NATHAN, Esq, With power to add to their number. THE BANK OF AUSTRALASIA, Secretary: D.McINTOSH, Solictors: MESSRS BELL, GULLY & IZARD, Pasaha-St, Welunotos. THE association has formed for the purposo ol acquiring the old established and successful General Business of Mcssra M. Casclborg & Co,, at Mat;rton and Grovtown, and Messrs Joseph Nathan & Co's, Retail Business at Tinui, in the Wahatapa 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 be determined from time to time by the Directors, and for the other purposes mentioned in the Memorandum of Association, a copy 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 dis-. tributing trade. Experienced managers with a thorough knowledge of local requirements are infopeusible for llio efficient conduct of the business, ami for keeping good saleable clean stocks, It is necessary to know iu 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 cxportor otherwise dispose of the produce to the beat advantage. But the i eal difficult ties of all such institutions is the beginning; for they must have capital at comniand, and have such financial arrangements, not only in the Colony, but in the various markets of the world, as will inspire the utmost confident to enable it to build up a first-class credit mi good name, and thus transact business on rock bottom limits. The profile 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 profits amongst the shareholders, according to the amount of businessdono by each, and. a bonus to employees, and to carry part to a Reserve, Fund for the equalisation of dividends, and' for tho distinct object of starting or investing in such local industries in the district as will prove conducive to tho welfare of the shareholders, employ labour, and promote the wealth and population of the district, The Association will wherever eutlicient inducement is offered by settlers nml nthnro. nnil mihinivt to the consent nf

the Eharehslders, endeavour to ally itself, or amalgamate, with similar institutions, and tliHB by ebaring 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 earned on successfully for the last twenty;five years; and t'no promoters have such confidence in the future of the Association that they are prepared, so long as Mr C'aselberg is allowed a controlling voice in the management of the concern as heretofore, to guarantee a dividend of not less than 0 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 out tlicir 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 bien taken at absolute cost, and all bad or old stock has bcon 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, A contract between Messrs M, Caselberg & Co.; and the tiou. 2. A contract between Messrs Joseph Nathan & Co,, and the Associa-. tion, Applications for shares should bo made upon the accompanying form, andfonvarded to the Bankers of the Association, together with the amount parable on application. If no allotment is made the deposit will be returned without deduction, and whero the number of shuns 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 on thisprospectus, A copy of the Articles of Association of the Association, and of the contracts above mentioned may be inspected at the office of the Associations Solicitors, Dated this day of 1852, (Signed) M. CASELBERG* CO. (Signed) JOSEPH NATHAN A CO, "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES. jiejioiiaxddi of association OK TUB WAIHARAPA FARMERS' COOPERATIYE ASSOCIATION, Limited. (fOUMEMTSI, CASELIIEIiG AND CO.) 1, The namo of the Association is " The Waihahai>a Farms' Co-operative Association, Limited." 2, The Registered Office of tlio Association will be situated in Masterton, in the Colony of New Zealand, 3, The objects for which the Association is established are ; (A,) To acquire by purchase, as a going concern, the Btock iu 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, Storekeepers | and the prem iscs where that business is' now being carried on at Masterton and Greytown j 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 k Co., at Tcnui, iu the District of Wairarapa; and to take over the said businesses as going concerns, as on and from tbo first day of February, ]S!)2, and to pay for the same cither by shares wholly paid up, or by shares partly paid up, or by cash, or partly in one of such ways anil partly in another. (n,) To accept, take 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 on in the Wairarapa District/and elsewhere in New Zealand, and. ia any part of the world, the businesses of Whole sale General Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers, and any other busiueas, trade, or occupation (whether ot . asiraihi hind to those specially named or noi) 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 shall bavo power to enter upon, and carry on any business upon co-operativo principles, (a) To purchase stock in trade for such business, from timo to time, upon such terms as the Directors shall sicm lit. Icasesfor terms of yean of, oracquiro on any other tenure, land, stores, shops, and other buildings, whereou the business of the Association may te carried on or be intended to be corned on; and any lind or buildings so acquired todisposo of or deal with by sale, lease, or otherwise, as to the Directors shall seem fit. (F.) To moke and cnterinto contracts and engagements for the supply of stock in trade or material at fixed prices, for fixed periods, or otherwise, as to tho Directors shall seem fit. - (o.) To acquire and undertake the whole or any put ot the business, property, aud liabilities of any corporation or person'