Page 3 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4035, 11 February 1892, Page 3

. ~--■;■- i ,-TiIOSPBeTUS'' if' •" : '. '■'■• ; ' ■ '•. ■" ' o r'" .' '' ■h,, i The Wairarap Farmers Co-Operative Associatio: [LIMITED,]' '' ' - ; (Fortnorly M, Cflflolboig &. Co.) Incorporated uuder H The Comnamos'iA lbS2."'.. ■;","' CAPITAL, £100,000; Divided into 20,000 Shares of £5 eac with power to inoieaso as require •■:• Fayable as follows:' 'ss on applicatio 5s on allotment, 5s every three mont! until £1 is paid, and the balanco 1 calls. It is not anticipated that it w ■ be necessary to call up any furtli Capital boyohd £ I 'per Share, but: no caso .will, further calls be made e: ceeding 2s Od per month, Directors; ,•" MYER OASELBERG, Esq, ' LIONEL OASBLBBKG, Ebij., .DAVID JOSEPH NATHAN, Esq, • LOUIS JOSEPH NATHAN, Esq. With powor to add to their .number. , . . . Bankers: THE BANK OFiAUSTRALASIA, Secretary: d, Mcintosh, Solictors: MESSBS BELL, GULLY & IZARD,' PaJi'lMl'Si, WEMIifMON. THE association has been formed to: the purpose of acquiring tho oli established and successful General Busi ' ness of Messrs M. Caselberg & Co., a Mnstortou and Grevtown, and, Messr Joseph Nathan & Co'a Retail Business a Tinui, in the Waharapa District, am thereafter to carry oh a general business up on tho co-operative principle under whicl shareholders, and customers of the Assooia tioj, will Bhare in tho profits, according li methods to be determined from time ti time by tho Directors,' and for the othe purposes mentioned in tho Memorandum o ■ Association, a copy of which is endorsed oi this prospectus, An association of this nature requires, ir the chief centres, commodious businesi premises replete with' facilities for economically and expeditiously carrying on the distributing Experienced managers with a thprougr, knowledge of local requirements arc indis. pensible for the efficient conduct of tbi business,' and for keeping good saleable clean stooks. . It is necessary to know in what markets, at what seasons, and in what quantities to buy theirrequirements. Itisofevengroatoi i importance to know how, where, and when to exportor otherwise dispose of the produce : to the host advantage. But the real difficult ties 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 .various markots of the world, as will inspire the utmost confidence to enable it to build up a first-olass oredit and good name, and thus transact business on rock bottom limits., , , The profits of the Association after payment of oxpenses 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 Reservo Fund for the equalisation of dividends, and for the distinct object of starting or investing in such local industries in the district aa will prove conducive to the welfare oi tho shareholders, employ labour, and promote the wealth' and population of the district, The Association will whorover suflicientinducement is offered by settlers and others, and subject to tho consent oi tho 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 Bphore of usefulness. This is far from beinj a speculative ' concern. The businesses of the vendors have been earned, on successfully for'the last twenty-livo years; and 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 the management of the concern as heretofore, to guarantee a dividend of not less than 0 per cent for the next rive years. It should be plainly understood that the promoters do not desiro now, nor in the future to take out their capital, but to carry on the business on the new lines with Mr Caselborg 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 oxperts will be employed to certify that stooka have been taken at absolute cost, and all bad or old stook has been reduced tothe market'value or takon away altogether, Book debts taken over are guaranteed against loss by the vendors, : The following contracts havo been made, namely : 1, A contract between Mossrs M, ■ .' Casolberg&Co.j'andtheAssooia'. tion.' 2, A contraot between Messrs Joseph Nathan* Co., and tho Assooia-. tion, Applications for shares should be mado upon the accompanying fprm, andfprwarded to the Bankers of the Association, together, with the amount payable on , application, If no allotment is made the deposit will be returned wilhout deduolion, and whero the number of shares allotted h less than the numbor applied for,' surplus will bo credited in reduction of the amount payablo on al» iotment, ' ' '•'■■■ A form of Application for : Shares is annexed, and a copy of the memorandum of Association will bo found endorsed on. this prospectus, .--..■.' A copy of tho Articles of Association of the Association, and, ot the contracts abovo mentioned may be inspected at tho offico of the Association's Solicitors. Dated this , day of : 1852, (Signed) M, CAsELBF.UU & CO, ' (Signed) JOSEPH NATHAN ,5s CO, •' ■ "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES, MEMORANDUM Ot ASSOCIATION-OK THIi ... wai'iiar'apa FARMERS' COOPERATIVB ASSOCIATION, Limited, ■ (FORMERLY M.'OASEIIIERG AND CO,) ''•' 1, Tho name of tho Association is " The "Waiiiarapa Farmers' Co-ormnvs Association, Limited," '■"■ 2, The Registered Office of the Association will be situated in, Masterton,. in the Colony of Now Zealand. ' • 3, The objects for which, the. Association Is established are i—'' '■•'■."'- A.) To acquire by purchase, as a going concern' the stock in trade, property (real and personal), book dobts, ami; goodwill of tho business now curried oh ,by Messrs ,51, Caaelberg and .'Masteitin ani} Grcytdwn, Storekeopc's'j and, the'prcnV ises where that birsine'siiia now boing car- ; fi'eil iina't sJ»»terton and Greytown j also to acquire by purchase; as ingoing concern, tho stock in trade, property (real and personal), book debts, and good will of the retail business now carried on by MesEM Joseph Nathan & Co,, at Tenui, in tho District of Wairarapa j and to take over the said businesses as going concerns, as o.n andfrorfltbelirsVlayof February; 18$, and to pay lor'tke same cither'by share's wholly paid up, or by Bharcs partly paid up, or by cash, or partly in 'one' , wayß and partly iuaiiotbcr. B,) To.accept, (alto over, undertake,' and cany out'to conipletion all'contracts, engagements, andliabilititsontercd into or , incurred in connection with, the Eaid;busi- ' iicss, or either of them,. .. .■ ' ' (o) To carry onin tho Wairarapa District, and elsewhere in New 'Zealand, and ft' uuy ' part of tho world, the busiucssta of Whole Bale General Merchants-and Manufac- . ti)rcrs, and Retail, General Dealers and '.,. Shopkeepers, and Farmers, and any other ' l)usiness,trado,- or occupation (whether ot 1 - a similai kind to those specially named or not) wliioli thnDirectors 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 have power to enterttbdn; aMcarVv oh anj mites 'Mior jo'efcrative' pim- , CfplC'2.-' "'' " ■ (d,) To purchase stook In' trade to such business, from time to'.tlme, upou'siichtoms as the Directors shall sum St, From time to time. to purchase, accept ■ ■ leasesfor tcrmsof years of, or acquire on any other tenure, land, stores, shenj, ajut i : ntber buildings, whereflfl the bvAeSsVof " [:■ »lie aiiiv bo carried: on or. s bS earned on i and any land oV buildings l so acquired to disposo 'of or deal with by sale, lease, or otherwise, 1 as to tho Directors shall seem fit. '■■■ (r,) Tornake.andcnte);\rjtAconfe«{tsanden- ':' gagsments for thpsunply.of stock in trade i oi 1 •material at fixed price's, 'for fixed " periods, or otherwise, as to the .Directors 1 ' shall seem fit. ? ' '•' '•''/' '"■'' ' ■' . : - (0|) To acquire l and-undertake the whole or . ' any part ol the business, property, and ,i wiltta.of auy«?fpora.toa;or,perjoa