Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4036, 12 February 1892, Page 4

PROSPECTUS ' or The Wairarapa Farmers' Co-Operative Association, I [LIMITED.] (Formerly M, Caselberg & Co.) 1 ludorporated undor" Tho Companies Aot, ! 1682," ; CAPITAMIOO.OOQ,' Divided into 20,000 Shares of £5 each, | with power to increase as required' 1 Payable as follows: 5s on application, 16s on allotment, 5s every three months i until £ 1 is paid, and lie balanoo by ■ colls, It is not anticipated that it will > bo necessary to call up any further • Capital beyond £1 per Share, but in ■ no case will further oalls bo niftdo exn 1 ceeding 2s Cd pel mouth. Directors: MYEU CASBLBEEG, ESQ., LIONEL CASELBEKG, ESQ., DAVID JOSEPH NATHAN, ESQ, , LOUIS JOSEPH NATHAN, Esq. , With power to add to tlioir Bankers: i THE BANK OF AUSTRALASIA, Secretary: -D. Mcintosh, Solictors: MESSES BELL, GULLY & IZAKD, . PaxmU'St, Wellington, PROSPECTUS, . THE association has been formed for the purpose of acquiring the old established and successful General Business of Messrs M. Caselberg & Co., at Mastorto'u and Greytown, • and Messrs i Joseph Nathan &Co .'a Retail Business at Tinui, in the Wairarapa District, and c thereafter to carry on a general business up r on the co-operative principle under which i shareholders, and customers of the Association, will share in the profits, according to ! methods to be determined from timo 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 'i premises replete with facilities for economically and expeditiously carrying on the dis- : tributing trade. ' Experienced managers with a thorough knowledge of local requirements a'ro indis- ; pensible for the efficient conduct of the business, and- for keeping good saleable clean stocks, ■ It is necessary to know in what markets, at what seasons, and in what quantities to buyitheirrequiremcnts. It is of even greater importance to know how,whero, and when to ejportor otherwise dispose of the produce to the advantage, But the real dilHcul» ties of all suoli institutions is the beginning ; for theymuit have capital at command, and have such financial arrangements, not only in the Colony, but in the vanoas markets of tlio world; as will inspire the utmost confidence to enable it to build up a first-oiass crodit and good.namo, and thus transact business ou rock bottom limits. The profits of the Association after payment of 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 cout : upon amount of paid up capital to divide part of the balance of the profits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to cany pa:t to a Eeserve Fund lor the equalisation of dividends, and for the distinct object of starting or investing in such local industries in tho district r, as will prove conducivo to the welfare c£ Sj tho shareholders, employ labour, and prod moto tho wealth a.id population of tho district, The Association will wherever IB sufficient inducement is offered by settle, s a>id others, and subject to tho consont of the shareholders, endeavour to ally itself, !: or amalgamate, with, similar institutions, ondthusbyiharing tho cost of management and conduct of business, reduce expenses and enlargo 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 yeaveand tiic promoters if have such confidence in the future of tho Association that they are prepared, so long as Mr Caselberg is allowed a controlling [. voico m the management of the concern as heretofore, to guarantee a dividend of uot less than 6 per cent for tho next five years, It should be plainly understood that the promoters do not desire now, nor in tho futuro to tako or.t their capital, but fo i carry on the business ou the new lines with Mr Casclbeyg a; the Lead of affairs, assisted by all tho present staff, many of whom have been known to you for the last Afteen N years, Disinterested experts will be employed to certify that Btocks have been takon at absolute cost, and all bad ovoid stock has , been reduced to the market value or taken away altogether. Book debts taken over are guaranteed y against loss by the vendors, The following contracts have been made, " namely:-

1, A contract between Messrs M, Caselberg&Co.j and tho Assooiition, g, a contract between Messrs Joseph Nathan & Co,, and thp ABSooia-. tion, Applications for shares should be made uponthp accompanying form, andforwarded to the Bankers of ilio Associatio.i, together with tho amount payable on application. It >lO allotment is made the deposit will be returned without deduction, and where tho number of shaws allotted is less than the number applied fov, surplus ft ill be credited in reduction oi the amount payable on allotment, A form of Application for Shares is annexed, and a copy of the memorandum of Ass ciatioa will to found endorsed on thisprospectub, A cupyof tho'Articles of Association of tho Association, and oi the contracts abovo mentioned may be inspted at tho office of tho Acbooiation's Spligiiors, Dated this t'ay of 1802. (Signed) M, CA-SBLBERO&CO. (>igned)JuSIJPHNATHAiUCO, "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES, MEMOttANDUJI otf ABSOOIATIOff OF THE WAIHARAPA FARMERS' COPPERATIYE ASSOCIATION, Limited, : (fOIWPIiY 51. OABEIBEIIO AND CO.). 1, Tho namo of tho Association is " Tub VAMAMPA FAKMEHS' CO-OPERATIVE Association, Limited." 2, Tho Registered Office of the Association will bo situated in Masterton, in the Colony of New Zealand, 3, Ibe objects for which the Association is established ore i A.) To acquire by purchase, as a going concern ' tho stock iii trade, property (real and personal), book debts, am| goodwill of the business now carried on by Messrs M Caselbcrg and Co,, of Maiterton and - Greytown, Storekeeper j and the prem ises where that business is now being carried on at Masterton and Greytown; also to acquire by purohase, as a going concern, : : , the stock in 4 ,radc, property (real and per- ' sonal), book debts; and good will of the retail business now. carried on by Messrs • Joseph Nathan & Co,, at, Tenui, in' tho District and to take over the said businesses as going concerns, as on and from the first day of February, 1892, and to pay for tho same cither by shares wholly paid up, or by; sbafes partly paid up, or by cash, or partly iii one of, such -. waysland partly in another,' I ■ i,) To accept, take over, undertake, and carry out to completion all contracts, engagements, and'liabilititbentcfei'into or' incurred iii connection with the said business, or cither of tlicm, '' (o) To carry on in thoWairarapa District, and elsowbero iniNJw' Zealand,' 'and' .fa uj part of the world, the businessMof Whole sale General Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers, and any other business, trade, or occupation (whether ot a similar kind to th'oso specially nan|ed of • , not) which the Directors may fronj tune to time think'it advisable to." elibark 'the capital of tho Association upon or join I in,' and so that in oVeiy' case the Directors ' shall have power to enter upop, and jam | onanyli'ipcsi upon co.operatlyo pris;' ciples. ' ■ (D.) To purchase stock iitrade for. such busi- J nessj fronilime'to time, ; upou ; such terras I as tho Directors shall.stem fit,.. j . From timo to time to purchase, accept . itasesfor terms of rears of, or acquire on any other tenure, -laiid, Btorea, shops,'and nthor buildings, business of »be Association may be carried on or bo nti'ndcd to beamed.on j and any jand or buildings so acquired' to 'dispose 'of 'or ■ deal Vjtli by'sale, lease, or otherwise, as to the Directors shall seem fit. (f.) To; mako and enter into.contracta and en- f gagemdnts'for tlie supply of stock in trade 'I 'or' materia at fixed prices,- for fixed { periods,;'oJ, otherwise, as to tlj6'P|rep(ors shall seem fit, 1 ' ' ' " 8 (o.) To' acquire and undertake the whole or 1 aw part ot the busings, pwjwrt.'iind! B .liabilities of tiny c'drpMio'n oV £