Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4045, 23 February 1892, Page 4

PIIOSFBOIUS Co -Operative Association, (LIMITED.] :. (Formerly M. Caselberg & Co.) I I n Companies Aol, Directors: MYERCASELIIERG.F/* . J,IONELOiBKLBEEG,M DAVID JOSEPH NATHAN, fcsq. LOUIS JOSEPH HATHA»,toI. . Will, power to add to their nimitar. • Bankers THE BiNK OF AUSTRALASIA, Secretary: d. Mcintosh, Solictors: MESSRS BELL, GULLY &IZABD, Pasima-Si,Weiunotos. PROSPECTUS. mHE assooiatiou has been formed for 1 the purpose of acquiring thei old esWd and saccessfu General Bus„cs3 of Messrs U. Caselberg k Co, a Mastcrton and Gtoytown, and Mess KH.th. B Tinui, in the Wairarapa Dmuicl, and hereafter tocarry on a general business upon the co-opor/tivo principle under wW BhnrcholderM^customorsoftheAsocm. tion.will share in the profits, according o methods to be determined ton;i time to time by the Directors, and for the othe purposesmentionedinthelemoramluniof Association, a copy of which is endorsed on tnisprospectus, An association of this uataro requires, in tho chief centres, commodious business premises replete with facilities for economically and expeditiously carrying on tho dig-, i tributing trade. t ,,„ r „,,„i' Experienced managers with a thorough knowledge of local requirement are lnoU pensiblo for tho efficient conduct oMI business, and for keeping good saleable clean stocks, . , , . It is necessary to knowm what markets, at what seasons, and in what quantities to buy theirrcquiremenls. It is of oven greater importance to know how, where and when to espottor otherwise dispose of the produoo to the best advantage. But the real difliculties of all suoh institutions is the begmningifor they must havo capital at command, and bavo such fioancial arrangements, not only in the Colony, but in the various markets of the world, u,wj inspire the almost confidence to enable it to build up a first-olass credit and good name, and thus transact business on rook bottom ' The profits of the Association after payment of expenses will belong to, and be Jem of a dividend of 7 per cent noon amount of paid up capital to divide the shareholders, according to the amount of business dooe by each, and a bonus to employees, and to carry part to a Beserve Fund for the equalisation of dividends, and for the distinct object of starting or investine in such local industries id the district aswillprovecondueivc to tho welfare of the shareholders, employ labour, and promote the wealth and population of the district. The Association will wherever Bufficientinducementis offered by settlors 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 expenses and enlarge its sphere of useful"This is far from being a speculative concern. The businesses of the vendors have been cairied on successfully for the lasttwenty.five years; and the promoters havo such confidence in the future of tho Association that they are prepared, so long as Mr Caselberg is allowed a controlling .. • .•_ .i —^mantnltliii^nnoernaE heretofore, to guarantee a dividend of not less than 6 per cent for the next live years. It should bo plainly understood that the promoters do not desire now, nor in the future to take out their capital, but to carry on tho business on the new 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 experts will be employed to certify that stocks have been taken at absolute cost, and all bad or oltt stock has been reduced to the market value or taken away altogether, , Book debts taken over are guaranteed againsHossbythe vtndors. The following contracts havo been made, Dm \. A contract between Messrs M, Caselberg cfc Co,, and the Association. 2, A contract between Messrs Josoph Nathan*Co,, and tho Associa-

Applications for shares should be made upon the accompanying form, and forwarded to lira Bankers of the Association, together with'the amount payable on application, lino allotment is mode the deposit will be returned without deduction, and whero the number of Bharjs allotted is less than the number applied for, surplus sill bo oredited in reduction of the amount payable on allotment, A form of Application for Shares is annexed, and a copy of the memorandum of Association will be found endorsed on thisprospectUß, , 4 oopy of the Articles of Assooiato of the' Association, and of the contracts above mentioned may be inspected at tho office of the ABBOciation'B Solicitors, Dated this day of 1802. ISicnedIM.CASELIffiRUCO. (Signed) JOSEPH NATHAN & CO. "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES, SIFJIORANDUM OF ASSOCIATION OF THE WAIBARAPA FARMERS' CO-OPER-, ATIVE ASSOCIATION, Limited. (roWIKBIY.M. CASEMERO AND CO,) 1 The name of the Association is " Tub ' Waihabapa Fabjiebs' Co-operative Assooiahon, Limited." '" ',' C » oovfW in mm nf sue oirrv cut to completion all contracts, enSent., and Wti«cj.tered into or £rcd in connection with the said business, or either of them. Ttm thinHtadvisabe to embark the Softhe ABBOciation upon or on, Kso that in every case tSe Directors hallbavepower to enter upon, and carry 'on anybusinesa upon co-operative pinfn\Schaso stock in trade for such bud(D,) &to time, upon such terms »s the Directors Bhall stem fit, K time to'time to purchase, accept Etotcrmsofvearso,oraMU.rcon iny othcrtenure, land, sta shops,and X tildings, whereon the hTrh leWiation niav be carried on o bo ntndedtobccarrfedonjaudany and oSn/s soared todUpose of or deal with by sale, lease, or otherwise, as to tho Directors shall seem fit. fv ) To make and eritcrihto contract and enlF,) Mcmeuts for the eupyly of stock in trade or material at fixed prices, for fixed periods, or otherwise, as to tho Directors [n )S win and undertake the w1.010.0r i 0 ' a "ypaHot the business prpptrty, and liabilities of any corporation or person