Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4038, 15 February 1892, Page 4

The Wairarapa Farmers' Co - Operative Association, [LIMITED.] (Formerly M, Caselberg & Co.) Incorporated under " The Companies Act, 1682," CAPITAL~S100,000; Divided into 20,000 Shares'of £5 enoh, with power to inorease as required' Payable as follows: sson application, 5a on allotment, ss' every three months until flis.paid,'iind. lie balanco by ' calls. 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 calls be made exceeding 2s Od.poi month, Directors: MYER CASELBERG, Esq, LIONEL CASELBEKG, Esq,, DAVID JOSEPH NATHAN, Esq., LOUIS JOSEPH NATHAN, Esq. With power to add to tholr number. Bankers: THE BANK OF AUSTRALASIA, Secretary; d, Mcintosh, Solictors: MESSRS BELL, GOLLY & IZARD, Pasaju*Bt, Weihsgton,

rpHE association has teen formed for L the purpose of acquiring tlio old established and successful General Business of Mesara M. Caselberg & Co., at Masterton and Gtcytown, and Messrs Joseph Nathan ftCo.'s Retail Business at Tinui, in the Woirarapa District, and thereafter to oarry on a general business up on the co-operalivo principle under which shareholders, and oustomers of the Assooia : lion, will share in the profits, according to methods to be determined from lime 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 (he chiof centres, commodious business premises replete with facilities for economically and expeditiously earryiug ou the dis> tributing trade, Experienced managers with a thorough knowledge of local requirements are hidispensible for the effioient conduct of the business, and for keeping good saleable dean stocks,

It is necessary to know in what markets, at what seasons, and in what quantities to buy their requireiaenta. It is of oven greater importance to know how, where, ana" when to oxportor otherwise dispose of the produce to the beat advantage, But the real diflicuh ties of all suoh institutions is the beginning; for they must have capital at command, and have such flnanoial arrangements, not only in tho Colony, but in the various markets 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 rook bottom limits.

The profits of tlio Association lifter payment ol expenses will belong to, and be distributed amongst the shareholders, It is at present proposed after [laymeot to shareholders, of a dividend of 7per cent upon amount of paid up capital to divide part of Iho balance of the prolits amongst tho shareholders, according lo tho amount of business done by each, and a bonus to employees, and to oarry part to a Eeserve 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 the welfare of theshartholdersi'employ labour, and promote the wealth and population of 'the district. The Association will wherever aufiicient i net ucement is' offered by settlors and others, and subject to tlio oonsiint of the shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by Bharing the oost of management and oonduot of business, reduce expenses and enlarge its sphere of usefulness. ' This is far from being .a Bpeoulative concern. Tho businesses of the vendors have been eat ried on successfully for the last twenty.five years; and the promoters have such confidence in tho Indue of tho Association that they are prepared, so long as Mr Cawlberg' is allowed a controlling voice in the management of the concern as heretofore, to guarantee a dividend of not less than C per cent for the next five years, It Bhoold be plainly understood that tho promoters do not desiro now, nor in the future to take out tlieir capital, but to carry on the business on the now lines with Mr Caßolborg 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 bo employed to certify that stocks have ken taken at absolute cost, and all bad or old' etook bas been 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 coiitraot between Messrs M. Caselbergd Co,* and the Assooia-, tioii. 2, A contract between Messrs Joseph , Nathan & Co,, and, the Assooias •' tion. Applications tor 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 deduotion, and where the number of shares allotted is less than tho number applied for, surplus will be credited in reduction of the amount payable on nl« totment,' A form of Application for Shares is and a copy of the memorandum of Association will be found endorsed on thisprospectus, ; A copy of tho Articles of Association of the Association, aud of the contraots above mentioned may bo inspected at the offloe of the Association's Solicitors, Dated this'' day of '' 1892, (Signed) M. CAxELBERGd CO, Signed) JOSEPH NATHAN & CO. "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY • SHARES,: JIESIOIWNDMIOF ASSOCIATION OF THE WAIHARAPA FARMERS' COPPERATIVE ASSOCIATION, Limited. (IOMIKBLY JI. OASEIBEBd AND CO.)

[, The name of tho Association is " THE Waiiiahapa Famkhs' OoornniiivK ASSOCIATION, LIMITED," 2, The Registered Office of tho Association will bo situated in Mastetton, in tho i Colony of New Zealand. 3, The objects for which the Association is established ore : A.) To acquire by purchase, as a going concern tho.stockia trade, property (real and per-sonal);-book debts, and goodwill of tho business now curried on by Messrs M . Caselbcrg and Co,, of Mastetton and . Greytovrn, Storekeeper; and the prom iscs where that business is now being carried on at Mastcrton and Grey town; also tho stock in trade, property (real and pep | soual), book debts, and pood will of tho ricd on by Messrs Joseph Nathan 4 Co,, at Tenui, in the District of Wairarapa ( and to take over , the said businesses as going concerns, as on and from tbo first day of February, 16!)2, and topayfortbe samecitbor by, shares wholly paid up, or by shares partly paid up, or by cash, or partly in oue of such ways and partly in another, ji,).To accept, take'over,'undertake, and carry out to oomulctionallcontraots, en. gagements, and liabilities entered into or incurred in connection with tbo said busi. ness, or either of them, (o) To carry on in tho Wairarapa District, ami elsewhere in New Zealand, and in any part of tho world, the businesses of Whole sale General Merchants and. Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers, and any other business, trade, or opcupation (whether pi a aitnihi kind to those specially named or noO whiob tlm Directors may from time . to time think it advisable to embark tho capital of the Association upon or join in, and so that in every case the Directors shall have power to enter upon, and carry on any business upon co-operative priucipleß, {[).) To purctjaso stock in trade for such business, from time to time, upon such terms m the Directors shall stem fit.. From time (o time to, purchase, accept ' leasesfor terms of yeare'of, oracquiro on any other tenure, land,' stores,' shops, anil iithcr buildingß, whereon tho business of ahr> Association may to carried on or be ' . nt J ndcd to be earned on; and any land ' or buildings so acquired to dispose of or deal with by sale, lease, or otherwise, as to tho Diroctora shall soom fit. ■ (f.) Jo rnake and anterintd contrasts and engagements for the siipply of stock in trade .or material at fised prioea, for fed peri'ids, or otherwise, as to tho 1 Directors ' shnllmcm fit. (o.)To acquire and undertake the whole or I" - any part of the' hmw, • nr'optriy, and j'' ■]mms of any wrprooa w pcrton: (