Page 3 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4039, 16 February 1892, Page 3

IE re or id m LO fr 10 0 PBOSPEOTUS OF The Wairarapa Farmers' Co - Operative Association [LIMITED.] (Formerly M, Caaelberg & Co.) Incorporated under " Tho Companies Act 1682," CAPITAL, £100,000; Divided into 20,000 Shares of £5 eaoli with power to increase as required ;Payable as follows; 5s on application, 5s on allotment, 5s every three montlii until £1 is paid, and ho balance bj calls. It is not anticipated that it wil bo necessary to call up any furthei Capital boybnd £1 per Sharo, but it no case will further calls bo made ex ceediug 2s Gd pei month. Directors; NYEROASELBERG.Esq. LIONEL CAS ELBERG, Esq. DAVID JOSEPH NATHAN, E LOUIS JOSEPH NATHAN, Ea With power to add to their number. Bankers: THE BANK OF AUSTRALASIA, Secretary ■D. McINTOSH. Solictors: MESSRS BELL, GULLY & IZARD, - Panama-Si, Wellington. PROSPECTUS. THE association has been formed for the purpose of acquiring the old established and successful General Business'of Messrs M. Casslberg & Co. at terton and Grovtuwn, and Messrs Joseph Nathan U Co's Retail Business at Tinui, in the Wairarapa: District, and hereafter to carry on a general business npon theco-operativoprinoiple under which shareholders, and customers of the Associa : tion, will share in the profits, according to methods to ho determined from time to time by the Directors, and for the otljer purposes mentioned in the Memorandum of Association; n copy of which is endorsed on tnis prospectus, An association of this nature requires, in the chief centres, commodious business promises replete with facilities for economically and expeditiously oavrying on tho diatribuling trade. Experienced managers with a thorough knowledge of local requirements are indis. jensible for the efiioient conduct of the justness, and for keeping good saleable elcaa stocks It is necessary to knowin what markets, at what seasons, and in what quantities to buy their requirements. It is of even greater importance to know how.whero, and when to exportor otherwise dispose of the produce to the best advantage, But the real difficult tits of all such institutions is tho beginning; for they must have capital at com mand, and have such financial arrangements, not only in the Colony, but in the various markets of the world, as will inspire the utmost confidence to enable it to build up a first-class credit aud good name, and thus transact business on rook bottom limits. The profits of the Association after payment of expenses will belong to, and be "Btributedamongst'the shareholders. It at present proposed after payment to shareholders of a dividend of 7 per cent upon amount of paid up capital to divido part of the balance of the protits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Reserve Fund for the equalisation of dividends, and for the distinct object of starting or invest- ; in such local industries in the district will prove conduoive to the welfare of the shareholders, employ labour, and promote the wealth and population of the district, Tho Association will wherever sufficient inducement is offered by settlers and others, and subject to the consent of

tlio shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing the cost of management and oonduot of business, reduce expenses and enlarge its sphere of usefulness, This is far from being a speculative concern. Tho businesses of the vendors have been coined on Successfully for the last twenty;five years; and tho promoters' have such confidence in the future of the Association that they are prepared, so long as Mr Caselberg iB allowed a controlling voice in the management of the concern as heretofore,., to guarantee a dividend of not less than 0 per cent for tho next five years, It should be plainly understood that the promoters do not desire now, nor in the future to take out their capital, hut to carry on the business on the now 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 be employed to certify that stocks have ken taken at absolute cost, and all tad or old stook has 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 contract between Messrs M. Caselberg & Co. j and tho Association. 2. A contract between Messrs Joseph Nathan ifeCo,, and tho Assooia-. tion, Applications for shares should be rnado 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 deduction, and whero the number of shares allotted is less than the number applied for, surplus will be credited in reduction of the amount payablo on allotment, A form of Application for Shares is annexed, and a copy of the memorandum of Association will be found endorsed on this prospectus, A copy of tho Articles of Association of the Association, and of the contracts above mentioned maybe inspected at the office of tho Association's Solicitors, Dated this day of 1852. (Signed) M, CASELBERG & CO, (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES, MEMORANDUM Of ASSOCIATION OF THE WAIItARAPA FARMERS' CO-Ol'liß* ATIVE ASSOCIATION, Limited. (FORMERLY St, CASEIIiERG AND CO,) 1, The name of tho Association is " The Wawarapa Farmers' Co-operative Association, Limited," 2, The Registered Office of tho Association will be situated in Slastcrton, in the Colony of New Zealand, 3, Tho objects for which tho Association is established are A.) To acquire by purchase, as a going concern the stock iu trade, property.'frcat and personal), book debts, and goodwill of tho

Caselberg and Co,, of Masterton and Greytown, Storekeepers; and the prem iaes where that business is now being carried on at Masterton and Greytown; also to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts, and good will of the re(i)il business now. earned on by Messr< Joseph Nathan & Co,, at Temii,' in the District qt Wajrarjipa | and to talje over the said businesses as going concerns, as on and from the first day of February, 18112, and to pay for the samo either by shares whpUy paid up, or by shares partly paid ■ \tp,' or by caab, or partly in one of sucli ways and partlv in another, B,) To accept, tako over, undertake, and carry out to completion all contracts, engagements, and liabilities entered into, or incurred in connection with the said business, or either pf them, (c) To carry on in iMValrarapa District, and elaowhere jn New Zealand, qnd in any part of the world, the buain'enin of Whole! sale General Merchants and Manufac--1 turers, and Retail General Dealers 1 and Shopkeepers, and Farmery and any other business, trade, or occupation (whether ot a similat kind to thoso specially named or not) which the Directors may from .time to time think it advisable to embark the capital of the 'Association upon or join in, aw) so that in every case the Directors shall have power to enter upon, and carry • op any business upon co-operativo principles, (p.) To purchase stock in trade for suchbusi- , ' ness, from time to time, tmou sif'ch teriijs as tho Directors shall stem fit, '• . ■ Frqm time to tiipo to : purchase, dpcepi leases for terms of .yeara pf, or appro on any other tenure, land, stores, shops, and iitlier.buildings, whereon t)ie DBsineaj) of «he Association ma jbo parried oil or be ... ptemled to bo carried on | and apy. land ■ or buildings so acquired to dispose of or deal with by sale, lease, or otherwise, as to tlie Directors Hliall seem fit, 1 (f.) To make and enter into contracts and engagements for tho supply of stock in trade or material at fiicd priceß, for fixed periods, of 'btliarwiso, as to the Directors sballseem'fit, (a,) To acquire, and undertake tho whole or any part ot % busing jirojerty,' and liabilities of sny corporattoa or person