Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4041, 18 February 1892, Page 4

. . prospectus. ■ .■: ■:. -w ■., -; The Wairarapa Farmers' ■ Co - Operative Association, ( ■[LIMITED,]."; (Formerly M, Caselberg & Co.) ( Incorporated under ."The Companies Aot, •■■■,-. 1b82," . : ..•• ."':.. : CAPITAMeiOO,OOO; •; Divided into 20,000 Shares of £s' each .( with power to increase as required. Payable as follows :5s on application, / 5b on allotment, 5a every three months until £1 is.paid, and he balanoe 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 calls be made ex- ( ceeding 2a 6d pei month, - Directors:. ' MYER CASELBERG, Esq. LIONEL CABBLBERG, Esq. DAVID JOSEPH NATHAN, Esq, LOUIS JOSEPH NATHAN, Esq, With power lo add to lliclr number. Bankers; THE BANK OF AUSTRALASIA, ;' Secretary: d, Mcintosh, ' •■ Solictors: MESSES BELL, GULLY & IZARD, Panaiia-St, WMJsmoif, : THE association has been formed for the purpose of acquiring the old established and, successful General Business of Messrs M. Caselberg & Co., at Mastorton and Greytown, and. Messrs Joseph Nathan i.Co.'s Retail Business at Tinui, in the Wairarapa. Diatriot, : and hereafter to carry oh a general business up-l on the co-operativd principle under whiob shareholders, and customers of the Association, will share in the profits, according to' methods to be determined from'time to time by the Direotors, and for the other purposes mentioned in the Memorandum of tnis prospectus. ..■. An association of this nature requires, in the ohief centres, commodious, business premises replete with facilities for economi- , cally and expeditiously carrying on tho disi '. tributing trade. Experienced managers with a thorough knowledgeof looalrequirements are indis. : pensible for the efficient conduct of the . business, and for keeping good saleable : clean stocks, at what seasons, and in what quantities to buy theirrequirements. It is of even greater importance to know how, where, and when to exportor otherwiso dispose of theproduoe to the best advantage. But the real difficult tii-s of all such institutions is the beginning j'for they must have capital atoomriiand, and have 'such financial arrangements, not only in the Colony,' but in the various markets .of. the world,''a3 will . inspire the utmost confidence to enable it to build up a first-olass oreditand good name, and thus transact business on rock bottom limits, The profits of the Association after payment of expenses will, bebhg to, and be distributed amongst' the shareholders, It is at present proposed after payment .to; shareholders of a dividend of 7 per bent: ' upon amount of paid up capital to divide n«rt nf llio tinlimnonf tho nrnHki omnnncf the shareholders, according to tho amount of business done by each, and a bonus to 1 employees, and to oarry part to a > Reserve Fund for tho equalisation of dividends, and for the distinct object of storting or invest- '. ing in suoh local industries iu the district as will prove oonduoivo to the welfare of , the shareholders, employ labour, and pro- , mote tho wealth and population of the t district, The Association will wherever y and others, 1 and subjeot to., the consent of e : the shareholders, endeavour to ally itself, d or amalgamate, with similar institutions, n londthus by sharing the' oost •of manage- * ment and conduct of business, reduce expousesandenhugeits'sphere of useful-

This is fat. : from- being a speculative concern, The businesses'of. the vendor?' Have been cairied ori'lsuoceßsfully for'the last twenty-five years; and .the promoters have 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 donoenras' heretofore, to guarantee a dividend of not less than 6 per cent for the next five years, ' ' It should) be plainly understood : that the promoters do not desire now,'not in the future'to. take out,:tueir capital, but to carry on the business, on theinew 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 stooks have been. taken at absolute coat, ond all bad or old stook has, been reduced to the market value or taken I away altogether, l , /j;!' •:! ■■', ''■' '■ ■ ''■• ;l Book debts taken over aro guaranteed against loss by the vendors; " ■'"..•' The followiug contracts have been made, namely:— . '■ 1, A contract between Messrs M, Caselberg & Co.; and the Associa* tion. 2, A contract between Mcssra Joseph Nathan & Co,) and tho Assooiav tion, ;p . Applications for 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 deduction, and where 1 the number of sharos allotted is less than, tho number applied for, surplus will be credited in reduction of the amount payable on allotment, A. form of Application for Shares is annexed, and a copy of tho memorandum of Association will be found endorsed on this prospectus, A oopy of the Articles of Association of the Association, and of the contracts above mentioned may be inspected at the office of the Association's Solicitors, " Dated this day of 1892, (Signed) M, CASELBERG dHU (Signed) JOSEPH NATHAN & CO, : . "THE COMPANIES .ACT, 1882." ASSOOUTION LIMITED BY SHARES,; SIEJIOBANDUM 01' ASSOCIATION OF THE WAIUARAPA FARMERS' COPPERATIVE ASSOCIATION, .Limited. I i . (EOBMBBLYK/'bASKLBEItOAND CO.) 1, The name.of the Association is-"The Waiiiabapa Faiimkbs 1 Co-opmnvE . Association, Limited," ' • 2, The Registered Office'of, tho Association .will bo situated in MastortonJ" in tho Colony of.New Zealand. J ;■"■ j 3, The objects for which- tho Association is , establUhed;«re':— '." A,) To .acquire by purchase, as a going concern : the stock in trade, property (real soiial), : book debts, and goodwill of "the 'business now carried on by Messrs M "■ Caselberg and Co',, of Mastcrton and < v ' Grcytown, Storekeepers ; and the prcm ises where that business is now being car- ' tied on at Mastcrton and Grey town; also i • to acquire by purchase, as a going concern, the stook in trade, property (real and per - sonal), book debts, and 'goodwill ,6fthe retail business now !carried on by-Messw Joseph Nathan & Co, j at Teimi,,- in the District oHYairarapaj.audto toko over - the said businesses as going concerns, as on . • and from the first day of February, 1892, (and to pay for the came either by.shares ' wholly paidiup, or by. shares partly, paid j "up, or by cash, or partly in ono of such ■ ways and partly iu another. b.) To accept,'; lake oyer, undertake; and carry out to completion all contracts, engagements, and liabilities entered into or incurred in connection with tho said business, or either of them,(o) To carry on in tho Wairarapa District, and elsewhere in New Zealand, andixany partof theworld, the businesses of Whole sale General Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers, and any other * business, trade, or occupation (whether ot asimilai kind to those specially named or not) which the Directors may from time to time think it advisable to embark the in, and so that in every case the Directors shall have power to Mr upon, and carry on any business upon co-operative principles, (d.) To purchase stock in trade for such business, from time to time, upon such terms as the Directors shall stem fit, From time to time to purchase, accept leases for terms of years of, or acquire on any other tenure, land, stores, shops, and . ather buildings, whereon the business of »he Assp'oiafipn amy be carried on or be ntendcd.ftfbecamcd'on; and any land or buildings so acquired to dispose of oi deal,with by, sale,'lease, or otherwise, as • i.ii. , j , n::a.us;.Lir.i™-<n •..--. : IF,) To make and enter into contracts and en- ■!*' or material at. fixed prices,. for fixed "periods, or otherwise j as to the ■ Director? :: ;: -ahaUteemfitr ~"'!'A'y ' ' ':'.'.''". (d;)'T6 acquire 'andyhdertaketlio : wholo'6!