Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4042, 19 February 1892, Page 4

PROSPECTUS CoAssociation, ' . [LIMITED.] ' (Formorly M, Caselberg & Co,) Incorporated under .".The Companies Aot, CAPITAL, £100,000; Divided into 20,000 Shares of £5 caoh with power to increase as required' Payable as follows: 5s on application, 6b on allotment, 5s 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 wiU further calls be made exceeding 2s Gd pei mouth. Directors: MTEB.OASELBERG, Esq. LIONEL CASiiLBERG, Esq. DAVID JOSEPH NATHAN, Esq. LOUIS JOSEPH NATHAN, Beq. With power.to add to their number. ■ (: THE BANK OF AUSTRALASIA, Secretary: D, McINTOSH, Solictors: MESSRS BELL, GTJLLY & IZARD, PmilA'Sl, WEHiffIOTON, PROSPECTUS. THE association has been' formed for the purpose of acquiring the old established and successful General Business of Messrs Mr Caselberg & Co., at Masterton and Greytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Wairarapa District, and hereafter io carry on a general business upon "the co-operativo principle under which shareholders, and customers of 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 copy of which is endorsed on taia prospectus, An association of this nature requires, in the chief centres, commodious business premises replete with facilities for economically and expeditiously carrying on the dis-. tributing trade, Experienced managers with a thorough knowledge of looal requirements are indispensible for the effioient conduct of the business, and for keeping good saleable ok'an stocks. ' ... It is necessary to know in what markets, at what seasons, and in what quantities to buy their requirements, It is of even greater how, where, and when to the best advantage, But the real difficult tics of .all suoh institutions is the beginning; for they must haveoapital at command, and have such finanoial arrangements, not only in the Colony, but in the various markets of the world, as will build up a first-o'ass credit and good name, and thus transact business on rook bottom limits

The profits oi the Association after payment ot expenses will belong to, and be distributed amongst the shareholders. It is at present proposed alter payment to shareholders of a dividend of 7 per cent upon amount of paid up capital to divide part of the balance of the profits amongst "era, according to the amount of.business done by each, and a bonus to ees, and to oarry part to a Iteserve or the equalisation of dividends, and for thedi-t'inctobjept of starting or investing in suoh local industries in the district as will prove oonduoive to the welfaro of the shareholders, employ labour, and promote the wealth aud population of iho district, The Association will wherever sufficient inducement is offered by settlers and others, and subject to tho consent of the shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing tho cost of manage* uient and conduot of business,. reduce and enlarge its sphere ol usefulThis' is far' from being a speculative concern.,. Tho businesses. of. the. vendors have been earned on successfully for the last twenty, live years;, and tno promoters have such confidence in the 'futuro of the Association that they are prepared, so long as Mr Caselberg is 1 'allowed .a controlling voice in the management of the concern as Heretofore, to guarantee a'dividend of not It should be plainly understood that the promoters do not desire now, nor in the future to take, out .their capital; -but to oarry on the business on the new lines with Mr Caselberg at the head of affairs, assisted by all the present stall, many of whom have been, known to . you for the last fifteen certify that stooks have bten taken at absolute cost, andtail .bad or old atook ' to the market value or taken are guaranteed The namely;-' ■ 1. A ' contraot ■; between; Messrs M, Caselberg & Co.; and the Assooia. tion. - 2. A contraot between Messts Josoph Nathan & Co,, and tho Assooiai tion, Applications for shares should bo mado upon the accompanying form, and forwarded to the Bankers of the Association, togethet with tho amount payable on application, If no allotment is made the deposit'will bt returned wilhout deduction, aud where' the' number of sharoa allotted is less than thoj number applied for, surplus will be credited; in reduction lotment, A form of Application for Shares is ! annexed, and a copy of the memorandum' of Association, will bo found endorsed on A oopy of tho Articles of Association of the Association, and ot the contracts' a.. . mentioned may be inspected at the office of the Association's Solicitors, Dated this ; day of 1892. (Signed) M, CAsELBERGUCU. (Signed) JuSEPH NATHAN & CO,

"THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES,MEMORANDUM 01? ASSOCIATION OF THE WAIKARAPA FARMERS' CO-OPER-ATIVE ASS001&TION, 'Limited. (KffISIBHLT M, OABELBEBO AND CO.) 1. The name of the Aesociation is "Tub . Waikabapa s Fahmehs' Co-operative , Association, Limited," . : 2. The Rtgißtered Office of the Association will bo situated in Masterton, in the x Colony of New Zealand. 3. The objects for which' the Association is ..established are.:—; A.) To acquiro by purchase, as a going concern . • tho stock in trade, property (real and personal), book debts, and. goodwill of tho : business now carried on by Messrs M , Caselberg aud 06,, of Maaterton and Greytown; Storekeepers j and the' premises where tbat busloess is noyr being earned on at Masterton and Greytown; also to acquire by purchase, as a going concern, "the stock in toide, property (real and peri . ''tonal), book debts, and good will of the retail business now 'carried on by Messrs '■ Joseph Nathan & Co,, at Tenui,. in the -District of Woirarapa j and to take over . the businesses'as going concerns, as on ■ 'andfrom tbo firet day of February, 1892, and to pay for the same either by shares wholly paid up, or by shares partly paid . up, or by cash, or partly in ono of such waysand partlyin B.) To accept, tako over, undertake, and carry out to completion all contracts, en- ' gagements, and liabilities entered into or ,• incurred in connection with tlw said busir ness, or either of them, (o) To carry on in tho Wairarapa District, and 1 elsewhere in New Zealand, and ia any part of tho world, the businesses of Whole - sale General Merchants and Manufac- , turers, and Ketail General Dealers and Shopkeepers, and Farmers, and any other - business, trade, or occupation (whether oi a similai kind to those specially named or ' ni>o which the Directors may from time to time think it advisable to embark the "capital of the Assppiation upoii'or join 1 in, and so that iii every case the shall have power .to'enter, upon, and carry . on anyjbusincss upon co-operative" principles. V ..j,..' ' . (d.) To purchase stock in trade for suchbusi- ' ness, from time to time, upon such terms as the Directors shiill item fit, From time to time-to .jrarohase, accept leases for terms of years of, or acquire on any other tenure, land, stores, shops, and ... ..nther buildings, whereon the business of the Association may be carried on or be ntedded iarried onand any land .orbuildihgs sb'acquired to dispose of or deal with by.B&lc,lease,,or otherwise,' as ' • ! tb thollirectors eiiall 'seem 1 fit. i *'' I (p.) To make and enter into contracts and en- «•', gagemet|tß for the supply ofstock in,trade ;'>-iOr;,matml,at. fixed 1 pricesj for filed 'penods,' or •' '.':;.shbllseem fit.'. ! '" V,"!" -V ' *V: ■' i (o.)'-Xo;ftW»: or ■: UfMif <t : tlie .business,- property, .and liabilities of any corporation or person