Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4040, 17 February 1892, Page 4

:-: PKOSPEOTUS ■. • : OF '■'.'■ : ■ ' The Wairarapa Farmers' Co - Operative Association,: ; [LIMITED.]- "'. '-'■'-" (Formerly M,' Casolberg "it Co.) Incorporated under " Tho Companies Act, 1682." CAPITAL, £100,000; Divided into 20,000 Shares of £5 each : ■ with power to increase as required' . Payable as follows; Cs on application, 5s on allotment, 5a every three months until £1 is paid, and he balance by " calls, It is not anticipated that it will be necessary to call up any further Capital beyond £1 per Share,;but in no case will further oalls be made exceeding 2s 6d poi month. Directors: MYERCASELBERG.Eiq. ...'■. LIONEL CASKLBERG, Esq. DAVID JOSEPH NATHAN, Esq. LOUIS JOSEPH NATHAN, Esq, With power to add to their number. THE ]}ANK OP AUSTBALASIA, Secretary: : : D.McINTOSH. MESSRS BELL, QTJLLY & IZABD, PANAUIrSI.W.KLIffIIbTOH.

THE association has been formed for tli9 purpose o! acquiring the old established and sucoessful General Business of Messrs. M, Caselberg & 00.. at Masterton and Greytnwn, ..and Messrs Joseph Nathan & Co.'a Retail Business at Timii, in the Wairarapa District, and hereafter to carry on a General business upon the co-operative principle nnder which shareholders, andoustomersof the Association, will share in the profits, according to methods to be determined from time to time by the Directors, and for the other purposes mentioned in the Memorandum of Association, a cop; of which is endorsed on tnis prospeotus. An association of this nature requires, in the ohief centres, commodious business premises replete with facilities for economically and expeditiously carrying oa the dia> tributing trade. Experienced managers with a thorough pensible for the efficient conduct oi the business, and for keeping good saleable olean stocks, ... ' It is necessary to know in what markets, at what seasons, and in what quantities ta buy theirrequircments. It is of even greatei importance to know how.whoro,- and when to exportor otherwise dispose of the produce to the beat advantage, But the real difficult tits of all suoh institutions is the beginning; for they must have capital at command, and have such financial arrangements, not only in the Colony, but in the varioaa markets of the world, as will inspire the utmost confidence to enable it to build up a first-class oredit and good name, and thus transact business on rock bottom liroits.. .

The profits of the Association after payment of oxpenses will belong to, and be distributed amoaget tho shareholders. It is at present proposed after payment to shareholders of a dividend of 7 per cent part of the balanao of the profits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and (o carry part (o a Deserve Fund for the equalisation of dividends, and for the distinct object of starting or investing in guoh local industries in the district as will prove conduoive to tho welfaro of the shareholders, employ labour, and promote the wealth and population of the district, Tho Association will wherever sufticitmtmducement is offered by settlers and others, and subject to tho consent of tho shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing the cost of manage, ment and conduct of business, ; reduce expenses and enlarge its sphere of usefulness, •This,is fat 'from bains a speonlatiya concern. The businesses of tho von'don h'ayo beon oairied on I successfully for tti' lasttwenty.five-years; and'tho promoter havo 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 gu'arautee a dividend of not less than 6 per cent for the next five years. It should bo plainly understood that the promoters'do not desire now, nor in the future to take out their capital, but to oarcy on'the business on the'new lines wit' Mr Caselberg at the head of affairs, assiste by all the present staff, many of iriiomhav been known to you for the last fiftee: years, ••"' Disinterested experts will be employed t , certify that stocks have been taken a absolute cost, and all bad or old stock ha been reduced to the market value or takei away altogether, Book debts taken over aro guarantee against loss by the vendors, I The following contracts, have been made, j namely :- 1, A contract between Messrs M,

; Caselberg & Co.; and tlie Assooia- ' tion. ,2, A contrast between Josepl Nathan & Co., and the Associa< ' tion, " > Applications (or shares should bo madi upon the accompanying form, andfortvardec to the Bankers of the Association, togothei with the amount payable on application If no allotment is made 1 the deposit will bi returned wilhont deduction, and wbero thi number of shares allotted is less than thi number applied for, surplus nillbe oreditet in reduction of tho amount payable on al lotment, ' - A-form of Application for Shares i and a copy of the memorandun of Association will bo found endorsed oi tbisprospeotas, A copy of the Articles of Association o the Association, and of the contracts ahovi mentioned maybe inspected at the office o the Association's Solicitors. Dated this '•' day of 1892. (Signed) M, CASELBER(U CO. (Signed) JOSEPH NATHAN & CO, "THE COMPANIES.ACT, 1882." ASSOCIATION UMITBD BY SHARES

51BJIOH4KDU3I OF 'ASSOCIATION OF THE WAIRAItApA FARMERS' COPPER. ATIVE ASSOCIATION, Lijjited, . (FOBMEBty W. WSEIBSfIO AND CO.) 1, Tho name of tbo Association is " Till Waiharapa Faiuiehs 1 Co-okbativi assooiaiion, limited," 2, The Registered Pffico of the Associate will bo situated in Masterton, in tin ■" Colony of Now Zealand. 3, The objects to which tho Association i established ere:— ■ ' ' A.) To acquireby purchase, as a going concern • the Btock in trade, property (teal and personal), boot;'debts, ana goodwill of tho business now carried'on by Messrs M Caselberg ■ aiid Co.', of tlasterton'.and ' Groytown, Storekeepers; and the prcm ises whero that business is now being cartied on at Mastorton and Groytown; also to acquire by purchase, as a going concern, tho stock in trade, property (real and personal), book debts,and goodwill of the District of wsirarapa) and to tako over . the said businesses as going concerns, as on andfrorathoflrst day of February, 1892, wholly paid up, orbyshares partly paid up, or by tosh, or partly in one of such ways and partly In another. B,) To accept, take over, undertake, and carry out to completion all contracts, engagements,'andliabilitii;sentered into or incurred in connection with tho said business, or either of them. (o) To carry on in tho Vairarapa District, and dscwheto In Now Zealand, and la any part of the world, tho businesses of Whole ' salo'Ge'ne'rar"Merchants''and Manufacturers, and Ileta.ir "General Dealers and Shopkeepers, and Farmers, and any other business, trade/or-occupation (whether ot a similni kind to those specially named or not) which the Directors may from time to time think it advisable to embark the MLttltjJnfthn Atanmaflnn iimhm {*!.. in, and so that in everyoase the Directors i "shall have power .totttefupbni'and carry on any business principles, "'.'•' "■•■: [d.) To puroljaao stock in trade to such busi- ,', "nesß, from time to time, ilpo'ii suchterme ; ' asthoD'u'eotora'shall stem'flt,': : ' 'j -Frora.time to: time ;to purchase,vacccpt :; utendedtobewncdon; and any land orbmldings bo acquired to'uispose of or .deal pith by saleaeaso, or othenriso." as F,) To make and enter lhto'contracts and 'engagements for tho supply of Btock in trade peilodß, or othntwie/ti to tho Directors shall Bcem fit. •'. : I>. i ■;'. - o.) To acquire andnndertake tho whole or