Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4037, 13 February 1892, Page 4

The Wairarapa Farmers' Co - Operative Association, [LIMITED,] (Formerly M, Caselberg & Co.) Incorporated under" The Companies Aot, 1b82," CAPITAMIOO,OOOi j Divided into 20,000 Shaveß of £5 each, with power to inoreaEe as required' : Payable as follows: 5s on application, os on allotment, 5s every three months until £1 is paid, and ho balauco by culls, It is not anticipated that it wilt be nccessaiy to call up any further Capital beyond £1 per Share, hut in no case will further calls ho made ex* ceeding 2s Gd per month, Directors: MYERCASGLBERO,Esq„ LIONEL CASELBKRG, Esq., DAVID JOSEPH NATHAN, Esq, LOUIS JOSEPH NATHAN, Esq, Willi power to add to their number, Hankers: THE BANK OF AUSTRALASIA, Secretary: D.McINTOSH, Solictors: MESSRS BELL, GULLY & IZARD, PiKisii-Sr, Wellington, rjIHE association has been formed for L the purpose of acquiring the old established and successful General Business of Messrs M. Caselborg k Co,, at Mastcrton and Greytown, and Messrs Joseph Nathan fcCo.'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 share in the profits, according to time by the Directors, and for the other purposes mentioned in the Memorandum of Association, (i copy of which is endorsed on this prospectus, An association of this nature requires, in tho chief contrcE, commodious business promises replete with facilities for economically and expeditiously carrying on the die^ tributing trade, Experienced managers with a thorough knowledgo of local requirements aro indis. pcnsiblo for the olfio.ent conduct of the business, and for keeping good saleable oh an stocks, It is necessary to know in what markets, at what seasons, and in what quantities to iray thcirrequirements. It is of oven greater importance to know how, where, ami when to exportor otherwise dispose of the produce to the best advantage, But tho real difficult tips of all 6uoh institutions is the beginning ; for they must havo oapital' at command, and. have such financial arrangements, not only in the Colony, but in the various markets of tho world, as will iimpiie the utmost confidence to enable it to build up a first-class oredit and good name, and thus transact business on rook bottom limits. The profits of the Association after payment of expensca will belong to, and bo 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 oapital to divide part uf tho balance of the prolits amongst tho shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Reserve bund for the equalisation of dividends, and for the distinct object of starting or investing in such local industries in the district as will prove conduoivo to the welfare of the shareholders, employ labour, and promote the wealth aud population of the district, The Association will wherever suluoientinducement is offered by settlers and others, and subject to tho oonsent of tho shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing the cost of management and conduot of business, reduce exponßOß and enlarge its.,spherc of usefulness. This is far from being a speculative concern. Tho businesses of the vendors havo been oairied on successfully for the last twenty,five yearn; and the promoters havo such confidence in the futu'O 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 lees than 0 per cent for the next five 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 Caselberg at the head of affairs, assisted by all tho present staff, many of whom have been known to you for tho last fifteen

jjißinieresieaoxports wuiooompioyca. to certify that stocks have bten taken at absolute cost, aud all bad or old stock has been reduced to tho market value or takon 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, Oaselbergii Co.j and the Assooia-. tion, 2, A contraot between Messrs Josopb. Nathan & Co,, and the. Association, Applications for shares should be made uponthoaccompanjingform.andforwarded to the Bankers of tho Association, together with the amount payable on application. If no allotment is made the deposit will be returned without doduolion, and where the number of sharjs allotted is less than tho number applied for, surplus will be orcditcd in reduction of tho amount payable on al> iotment, A form of Application for Shares is annexed, and a copy, of the memorandum of Ass ciation will be found endorsed on thisprospeotus, A oupy of tho Articles of Association of tho Association, and of the contracts above mentioned may be inspected at the office of the Association's Solicitor;. Dated this day of 18S2, (Signed) M.CA-ELBERO& CO. (Mgned) JOSEPH NATHAiNA CO. "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES, MEMORANDUM OF ASSOCIATION OF TUB WAIRARaPa FARMERS' COOPERATIVE ASSOCIATION, Limited, (I'OItMEBLYM, OASEtBEHO AND CO,) 1, The namo of tho Association is " Tug Waiharafa Farmers' Cooperative. Association, Limited," 2, The Registered Office of tho Association will bo situated in Masterton, in tho Colony of Now Zealand, 3, The objects fur which the Association is established are : A.) To acquire by purchase, as a going concern the stock in trade, property (real and per* tonal), book debts, and goodwill of the business now curried on by Messrs N Casclbcrg aud Co,, of Ma*torton and Greytown, Storekeeper j aud the prem ises where that business is now being carried on at Mastcrtun and Greytown; also the stock in '.rade, property (real and personal), book debts, and pood will of tho retail buninesß now carried on by Meisn Joseph Nathan & Co., at Tenui, in the District of Wairarapa ■ and to tale over tho said businesses as going concerns, as on and from, tbo first day of February, 1892, and to pay for tho same either by shares wholly paid up, or by Bbares partly paid iiji, or by cash, or partly in ouo of such ways and partly in another. D.) 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 tlicin; . ;o) To carry on in tho Vairarapa District, and "elsewhere In New' Zealand, and is any part of the world, the. businesses of Whole sale General Merchants nud Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers, and any other busiuess, trade, or' occupation (whether ot not) which the Jjireciors may from time totimejhinkitadvisabletd.embark the capital.of the Association, upon or juiii in, and so that in every case the Directors on any business upon co-operative nrin. ciplcs, a) To purcbaso Btook in trade for such business, from time to time, upon such terms as the Directors shall stem fit. - "'' ■ ■ From time to ;tiine .to: purchaso, accept leases for terms of-veais of, or acquire ou any other tenure, (audi stores; shops/and atuer buildings, whereon the busiuess of Jie Association may be carried on or-bo ntpndcd to bo carried on j aud any laud or buildings so acquired to dispose of or ■l«1 with hi. ml»:\.-,» .' to the Directors shall seem fit,' '.) To make and enter into contracts and engagements for tho supply of stock in trade' or material at fixed'prices, for fixed pcriiids, or otherwise, as to tho- Directors shall seem - .) To/acquiro and un'dertako the whole or Vr*J¥.' $ ti-i biwinc>, nropertyl and ' liamhw of a'ny.edrifoTatfon 6r pc'rSoa