Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4044, 22 February 1892, Page 4

PROSPECTUS of . , The Wairarapa Farmers Co-Operative Association, [LIMITED.] (Formerly M, Caselberg & Co.) Incoi?orated underline Companies Act, 1&82, CAPITAUW OO "' Divided into 20,000 Shares of £5 each with power to increase as rewreilPayable as follows: 6s on application, 5s on allotment, 5s every three months until fl is paid, and to Wano»to colls. It is not anticipated that it will be necessary to coll no any further Capital beyond £1 per Share, but in to caso will further calls bo madoo* cccding 2s fid pci month. Directors: MYER CASELBERG, Esq. LIONEL CASKLBERO, Esq DAVID JOSEPH NATHAN, Esq. LOUIS JOSEPH NATHAN, to]. With ( iowor to add to their number. Bankers: THE BAUKOP AUSTHALiSII. Secretary: D.McINTOSH. Solictors: MESSRS BELL, GULLY & IZARD, Paxama-St, Wblusoton. PROSPECTUS, THE association has been formed for the purpose of acquiring tho old established and successful General Business of Messrs M. Caselberg & Co., at Mnsterton and Grevtown, and Messrs Joseph Nathan & Co 'a Retail Business at Tinui, in the Wairarapa District, and hereafter to carry on a general business upon (lie co-operative principle under which shareholders, ondcustomcrsof the Association, will shire in tho profits, according to methods to be determined from timo to time by the Directors, and for the other Association, a copy of which is endorsed on tnis prospectus. An association of this nature rapines, 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 local requirements are indis. pensiblc for the efficient conduct of the business, and for keeping good saleable clean stocks. It is necessary to know in what markets, at what seasons, and in what quantities to buy theirrequirements. It is of even greater importance to know how, where, and when to exportor otherwise dispose of the produce to the best advantage, But the real difficult ties of all such institutions is the beginning; for they must have capital at command, and have such finanoial 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-olass oredit and good name, and thus transact business on rock bottom limits, , , Tho profits of the Association after payment of expenses will belong to, and be distributed amongßt the shareholders, It is at present proposed after payment to shareholders of-a dividend of 7 per cent npon amount of paid up capital to divide part of Iho balance of the profits 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 investing in such local industries in the distriot as will prove conduoive to the welfare of the shareholders, employ labour, and promote the wealth and population of the district, The Association will wherever uufucient inducement is offered by settlers and others, and subject to the consent of the shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing tho cost of management and conduct of business, reduce oxpenses and enlarge its sphere of usefulThis is far from being a speculative concern, The businesses of the vendors have been earned on successfully for the last twenty-five years | and the promoters have such confidence in the future ot the 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 0 per cent for the next five years, It should be plainly understood that the promoters do not desire now, nor in tho future to take out thoir capital, but to carry on the business on tho new lines with Mr Caselberg at the head of affairs, assisted by all tho 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 bad or old stook has been reduced to the market value or taken away altogether, Book debts token over are guaranteed against loss by the vendors. The following contracts have been made, namely : 1. A oontraet between Messrs M, Caselberg & Co.j and tho Associa-. tion. 2. Acontraot between Messrs Joseph Nathan & Co., and the Assooiov tion. Applications for shares should be made upon the accompanying form, andforwarded to the Bankers ot the Association, together with the amount payable on application, If no allotment is made the deposit will bo returned without deduction, and where the number of shares allotted is less than the number applied for, surplus will bo credited in reduction of the amount payable on al« lolnieat, A form of Application for Shares is annexed, and a copy of the memorandum of Association will bo found endorsed on this prospectus, A copy of the Articles of Association of the Association, and of the contracts above mentioned may bo inspected at the office of the Aciociation's Solicitors, Dated this day of 1802. (Signed) M. CASELBERG & CO. (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES. JIEMOIIANDtiJI OP ASSOCIATION' OF THE "WAIItARAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited. (FOIiJIEHLTII. CASKLIERO AND CO,) 1, The name of the Association is " Tun ayaihabara farmers 1 co-or-ebativk Association, Limited." 2, The Registered Office of the Association ■will be situated in Mnsterton, in the Colony of Now Zealand, 3, The objects for which the Association is established are : A,) To acquire by purchase, as a going concern the stock in trade, property (real and personal), book debts, aud goodwill of tho Caselberg and Co,, of Jfastcrton and Grcytown, Storekeepers; and the prem iscs where that business is now being carried on at Mastcrton aud Grey town j also to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts, and good will of the retail business now carried on by Messrs Joseph Nathan & Co., at Tenui, in the the Baid businesses as going concerns, as on and from the first day of February, 1892, and to pay for the samo either by shares ' wholly paid up, or by shares partly paid up, or by cash, or partly in ouo of such wovb and partly in another, ut) To accept, take over, undertake, and carry out to completion all contracts, engagements, and habilitits entered into or incurred in connection with the said business, or either of them. _,.•,, 'o 1 To carry onin tho Wairarapa District, anil 1 elsewhere in New Zealand, and fa any partof the world, thebusincsstsof Whole sale General Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers, and any other business, trade, or occupation (whether ot a similar hind to those specially named or not which tho Directors may from timo capital of the Association upon or join in, and so that in every case the Directors aliall have power to enter upon, and carry on any business upon co-operative prin(D) To purchase stock in trade for such business, from time to time, upon such terms as tho Directors shall Btem fit. ■■ From time to time to purchase, accept leases for terms of years of, or acquire on any other tenure, land, stores, shops, and other buildings, whereon the business of ,he Association may te earned on or bo ntended to be carried on; and any land or buildings bo acquired to dispose of or deal with by sale, lease, or otherwise, as to the Directors shall seem fit. (r.) To make and cnte-'into contracts and cugagemeuts for the supply of Btoek in trade or material at fixed prices, for fixed periods, or otherwise, w to the Directors shall seem fit,' ~,,,., (o.) To acquire and undertake tho wholo or uy part ol the business property, aud liabilities of any corporation or person