Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4046, 24 February 1892, Page 4

Co - Operative Association,' ; . [LIMITED.], (Formerly M, Cnselberg A Co.) Incorporated undor" The Companiea Act, 1682," Divided into 20,000 Shares of £6 each with power to inorcnso as required' Payablo as follows: 6son application, 6s on allotment, 6a evory three months until f I is paid, and he balance by calls.. .It is not antioipjtodHhat ltwill bo necessary to call up any. farther Capital beyond ft per Share, but in no case will further calls bo mado exceeding 2s Odpci month. Directors: MYER OASELBEBG, Esq. LIONEL CASELBERG, Esq DAVID JOSEPH NATHAN, Esq. LOUIS JOSEPH NATHAN, Esq. Willi |iowcr to add to their number, Bankers THE BANK OP AUSTRALASIA. Secretary: d, Mcintosh, Solictors: MESSRS BELL, GULLY & IZABD, Paxasil'St.Wuhinqtok. PROSPECTUS. THE association has been formed for the purposo of acquiring tho old established and successful General Business of Messrs M. Caselberg & Co., at Masterton and Grovtown, and Messrs Joseph Nathan k Co.'a Retail Business a Tinui, in the Wairarapa District, and hereafter to carry on a general business upon the co-oporntivo principle under which shareholders, and customers of the Association, will share in the profits, according to methods to bo determined from time to time by tho Directors, and for the other purposes mentioned in tho Memorandum of Association, a copy of which is endorsed on tnis prospectus. An association of this nature requires, in the chic! centres, commodious business premises replete with facilities for economically and expeditiously carrying on the distributing trade. Experienced mtinagora with a thorough knowledge of local requirements oro nidis. pensible for the efficient conduct of the business, and for keeping flood saleable clean stocks, It is necessary to know m what markets, at what seasons, and in what quantities to buy thcirrequiremcnts; Itisofev«ngreater importance to know how, where, and when to exportor otherwise dispose of the produce to the beat advantage. But the real diilicul» ties of all such institutions is the beginning; for they must liavo capital at command, and have such financial arrangements, not only in tho Colony, but in the various markets of the world, as mil inspire the utmost confidence to enable it to build up a first-class credit and good name, and thus transact business on rock bottom limits. The profits of the Association after payment ot expenses will belong to, and be distributed amoegst the shareholders, It is nt present proposed after payment to shareholders of a dividend of 7 per cent upon amount o! paid up capital to divide part of the balance of the proiits amongst the shareholders, according to the amount of business dono 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 district as will prove conducive to the welfare of tho shareholders, employ labour, and promote the wealth and population of the district. The Association will wherever sufficient 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 the cost of management and conduct of business, reduce expenses and enlorge its sphere of usefulTl'iis is far from being a speculative concern. The businesses of the vendors have been cairied on successfully for the last twenty-five years; and the promoters have such 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. It should be 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 new lines with Mr Caselberg at the head of affairs, assisted by all the present staff, many of whom hove been known to you for the lost fifteen Disinterested experts will be employed to certify that stocks have been taken at absolute cost, and all bad or old stock has been reduced to the market value or taken away altogether, Book debts taken over aro guaranteed against loss by the vendors, The following contracts have been made, namely : 1, A contract between Messrs M, Caselberg* Co.; and the Assoeia-, tion. 2, A contract between Messrs Joseph Nathan* Co., and tho Association

Applications for shares should be made upon the accompanying form, andforwarded to the Bankers of tne Association, together with tho amount payable on application. If no allotment is made the deposit will be returned without deduction, ami where the number of shares allotted is less than the number applied for, surplus will bo 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 bo found endorsed on thißprospectus, A copy of the Articles of Association of the Association, and ot the contracts abovo mentioned may bo inspected at the office of the Association's Solicitors. Dated this day of 1852, (Signed) M. CASELBERU & CO. (Signed)'JOSEPH NATHAN & CO. "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES, JIEMOIIANMiM Of ASSOCIATION OF TUE TVAIUAHAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited, (r'OIIMERIVM. CASELBEKO AND CO.) 1, Tho namo of the Association is "Tin; WAinARAPA FAUMEIIS' CO-01'EIIATIVK Association, Limited," 2, The Registered Office ofjthc Association will be situated in Masterton, in the Colony of Now Zealand. 3, Tho objects for which the Association is established oro :- A,)To acquire by purchase, as a going concern the stock in trade, property (real and pertonal), book debts, and goodwill of the business now carried on by Messrs M Casclberg and Co,, of Masterton and Grcytown, Storekeeper j and the prem iscs where that business is now being carried on at Masterton and Grcytown; also to acquire by purchase, as a going concern, the stock in todc, property (real and perretail business now carried on by Messrj Joseph Nathan & Co,, ot Tcnui, in the District of Wairarapa j and to take over the said businesses as going concerns, as on and from tbc first day of February, lb'!)2, and to pay for tho same either by shares wholly paid up, or by shares partly paid up, or by cash; or partly in one of such ways and partly in another. B,) To accept, take over, 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 thoWairarana District, and 1 elsewhere in New Zealand, and in any part of the world, the businesses of Whole sale General Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers, and nny other business, trade, or occupation (whether ot a similai kind to those specially named or noO which the Directors may from time to time think it advisable to embark the capital of tho Association upon or. join in and so that in every caso the Directors shall have power to enter upon, and carry on any business upon co-operative pnn(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 ou any other tenure, land, stores, shops, and nther buildings, whereon the business of „he Association maybe carried on or be nt-nded to be earned ou; aiid any land or buildings so acquired to dispose of or deal with by sale, lease, or otherwise, as to tho Directors shall seem fit. It,) To make and enter into contracts and engagements for tho supply of stock in trade ■ or material at fixed prices, for fixed periods,'or otherwise, as to tho Directors shall seem fit. ~,,.. , , (0.) To acquire and umlertako the whole or any part ot tho business property, and liabilities of any corporation or person