Page 3 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4043, 20 February 1892, Page 3

Din i«l ;o ir tion, will share in the profits, according b mcthodß to be determined from time t( time by tho Direotors, and for tho olhei purposes mentioned in the Memorandum o. Association, a copy of which ia endorsed 01 tnis prospectus. An association of this nature requires, in the chief centres, oommodious business premises replete with facilities for oconomi oally and expeditiously carrying on the dis tributing trade, Experienced managers with a thorough knowledge of local requirements are indis. Mnsiblo for the effioient conduct of the rasiness, and for keeping good saleable clean stocks, It is necessary to know ia what mai at what seasons, and in what quantities to buy theirrequiraments. It is of even greater importance to know how, where, and when Co - Operative Association [LIMITED,] 1 '' (Formerly M, Caselberg & Co.) Incorporated under" The 1682," CAPITAU100.000; Divided into 20,000' Shares of £5 e„v with powor- to.inorcase as require Payable as follows: 5s on applioatio 5s on allotment, Ca every three mont until il is paid, and ho balance 1 calls. It is hot anticipated that it w bo necessary to call up any furth Capital beyond £ I pe'r Share,' but no case will further calls be made e ceeding 2s Od pa mouth, Directors: MYER CASELBERG, Esq.' .LIONEL CASELBERG, Esq. DAVID JOSEPH NATHAN, Esq LOUIS JOSEPH NATHAN, Esq. With power to add to their number. ' THE BANK OP AUSTRALASIA, Secretary: , D. HcINTOSH, . . ' Solictors: MESSES BELL, GULLY & IZABD, PanajiA'Si, Wellington, PBOSPECTUS.' THE association has been formed fo the purpose of acquiring tho ol established and successful General Busi ness of Me>srs M. Caselberg & Co., a Maiterton and Qreitown,' and Messr Joseph Nathan & Co.'s Ectail Business a Tinui, in the Wairarapa Distriot, am hereafter to carry on a general business up "" the co-operativo prinoiple under whicl to the best advantago, But the real diffioulu ties of all such institutions is the beginning; for they must have capital at com mand, aud have such (ioancial arrangements, not only in the Colony, but in the varioas markets of the world, as'will inspire the utmost confidence to enable it to buUd up a first-class credit and good name, and thus transact business on rock bottom limits. The profits of the Association after r _„ ment of expenses will belong to, and be distributed amongst the shareholders. It is at present proposed after payment to shareholders of a dividend of 7'per cent upon amount of paid lip capital to divide part of the balance of the prolits amongst the shareholders, according to the amount of business done by eaoh, and a bonus to employees, and to carry part to a Beservo Fund for the equalisation of dividends, and for the distinct object of starting or invest'•"l in suoh local industries in the'' district will prove conducive to the welfare of tho shareholders, employ labour, and ' promote the wealth aod population of the district, The Association will wherever sufficient inducement is offered by settlers and others, and subject to the consent of the shareholders, enddavour to ally itself, or amalgamator with similar institutions, and thus by sharing the cost of management and conduct of business,' reduce expenses and enlarge its sphere of useful!SS. ' ' This is far from beins a speculative concern. Tho businesses of tho vendors have beenicamed on successfully for the last twenty-five years; and trie promoters have suoh confidence in the future of .tho Association that they are prepared, so long as Mr - Caselberg is allowed a controlling voico in the management of the concern as heretofore, to guarantee a dividend of not less than 6 per cent for the next five years. Mould bo plainly understood that the promoters do not desire now, nor in the future to take out their capital, but 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, certify that stocks have been taken at absolute cost, and all bad or old stook has been reduced to the market value or taken away altogether, - ' Book debts taken over ate guaranteed The following contracts have namely: 1, A contract between Messrs M, Caselberg & Co., and the Association. 2. A contraot between Messrs Joseph Nathan & Co., and the Associa-. iiOJ, Applications for shores should be made upon the accompanying form, and forwarded to the Bankers of the Association, together with tho amount payable on application, II no allotment ia made the deposit will be returned without deduction, and where the number of shares allotted is loss than tho number applied for, surplus will be credited in reduction of tho amount payable on al« lotment, form of Application for; Shares is ted, and a copy of tho memorandum

of Assoc.ation will be found endorsed on this prospectus, A oopy_oHho Articles of .Association of tlio Association, find oi the contracts above mentioned may bo inspected at tlio office of the Association's Solicitors, Dated this day of 1802. (Signed) 51, CASELBERG& CO. (Signed) JOSEPH NATHAN & CO, "THE COMPANIES AOT, 1882." ASSOCIATION LIMITED BY SHARES, MEMORANDUM OF ASSOCIATION OF TUB WAIKARAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, LIMITED. (FORMERLY SI, OASEIBEIta AND CO,) 1, The tamo of the Association is " The WAIRABAM FABMEBS' CO-OfERATIVE Ahsooiation, Limited." . . 2, The Registered Office of the Association will be situated; in Masterton, • in: the Colony of Now Zealand. 3, Thapbjootßfor -which' the Association iB established are A.) To acquire by purchase, as a going concern the stock ill trade, property (real and personal), book debts, and goodwill of the business now carried on by Messrs' M Caselberg and Co,, of Masteiton and Greytoyra, Storekeepers | and the, prom , ises where that business is now being car- , | ried on at Masterton and Qreytown j also to acquire by purchatfo, as a going concern, the steok in trade, property (real and personal), book debts, and good mil of tlio retail business now carried on ty Messrs Joseph Nathan 4 Co., at Tenui, in tlio District of Wairarapa j and to take over the said businesses as going concerns, as on ; . andfrom the first 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 quo of such ways and partly in another. B.) To accept, tako over, undertake, and carry out to completion all contracts, engagements, and liabilities entered into or incurred in collection with' tlie said busl-: ness, or either of them.' (o) To carry onin thoVairarapa District, and elsewhere in New Wand, and in any part of the world, the businesses of Whole. . salo .General Merchants and Manufac- , ..turers, and Retail Goneral Dealers and Shopkeepers, and Farmers, and any other business,trade, or occupation (wh?thcr;6l a sirailai kind to those specially named pr . not) which the.Direotbra may frijm l tiiho' to time think it Advisable, to embark .the ,ispitalofthe : Association, upon or fain . in, and so that in every case the Directors • B]iall have power to enter upon,'and carry ! on any huiinesS npon co-.opfcrativei- prin- ! ciplea; I ' r ' ■■ ■■ (D,) To purchase] stock hvtrade for s\)oh business, from time to time, upon siich terms as thC'Directors shall stCm'St;. •: .. ; ■ . Frota time to time to purcbaso,' > aocopt . -leases for terms of yean of, or acquiro on . ; any - other tenure, land, stores, shops, and ■ other buildings, whereon the business of . uhe'Association may be carried on or be ; ntended to.be earned .on j.and; any land ' orbuildings f;p acquired to dispose of, or : deal with by sale, leaso, or otherwise, as , to the Directors shall seem fit: (f,) : To mako and enter feto opntraistsand enor'vjjiaterial fii^'prices, for fixed periods, or otherwise, as to'the Ijireotors ShaUsceip y r V. (a.) To acquire and undertake the whole or ' a . fl W "> e Wncss, property, and . liabilities of any corporation or person