Page 3 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4047, 25 February 1892, Page 3

The Wairarapa; Farmers' Co-Operative Association \ ... [LIMITED.]. ■■':.. (Formerly M, Caselberg & Co.) ":. Incorporated under " Th? Companies Act, y 1682," CAPITAL, £100,000; . Divided into 20,000 Shares of £5 each with power to increase as required' Payable as follows': 5s on application, 5s on allotment, 5s every three months ; until £1 is paid, and ho balance by calls, It is not anticipated that 'it will bo necessary to call up any further Capital beyond £1 por Shave, but in no caso will further calls be made exceeding 2s 6d per month, ■' Directors: MYER CASELBERG, Esq. LIONEL OASBLBERG, Esq. : DAVID JOSEPH NATHAN, Esq.. LOUIS JOSEPH NATHAN, Esq. With power to add to their iiumbor. THE BANK OF AUSTRALASIA, ; Secretary.: d..molntosh. Solictors: MESSRS BELL, GULLY & IZARD, Panaju'Si, TYeluhgtoh, THE association has been formed for the purpose of acquiring the old established and successful Genera! Business, of Messrs M. Caselborg & Co.; at Masterton and' Greytown, and Messrs Joseph Nathan fe.Co.'s Retail 1 Business at Tinui, in the Wairarapa Distriot, 'and hereafter tooarry 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 tnis prospectus, An association of this nature requires, in the chief centres, commodious business premises replete with facilities for economically and expeditiously carrying on tho dis-. tributing trade. Experienced managers with a thorough knowledge of local requirements aro indie, pensible for the effloient conduct of the business, and for keeping good saleable olean stocks,

It is necessary to know in what markets at what seasons, and in what quantities to buy their requirements. It is ot even greater importance to know how,, where, and when to esportor otherwise dispose of the produce to the best advantage, But the real diflicul* tics ot all such institutions is the beginning; for they must have capital at command, and have such financial 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 firsUlass credit and good name, and thus transact business on rock bottom limits, . The profits of the Association after payment of expenses will belong to, and be distributed amongst the shareholders. It is at present proposed after payment to shareholders of a dividend of 7per. cout upon amount of paid up oapital to divide part of the balance of the profits amongst the shareholders, according to the amount of business dono by eaoh, and a bonus to employeesi «nd to earry part to a Reserve Fund for tlie equalisation of dividends, and for the distinct object of starting or investng 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 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 last twenty-fivo years; and ttio promoters have such confidence in tho future ol the Association that they are prepared, so long as Mr Caselberg is allowed a.controlling voice in ' the management of the concern as heretofore, to guaranteo a dividend of not less than 6 per cent for the next five years. It should be plainly understood' that the promoters do not desiro now, nor in the future to take out.their capital, hut to carry on tho business on the new lines with Mr Caselberg at tho head of affairs, assisted by all tho present stall, many of whom have been' known to you for the last fifteen years, Disinterested experts will be employed to certify that stocks havo been taken at absolute cost, and all bad or old stock has beon'reduced to the market valuo or taken away altogether, . Book debts taken over'are guaranteed against loss by the vendors. The following contracts have been made, namely:— ; ■ 1, A contract between Messrs M, ■ Caselberg & Co, j and tho Assooiation, ■ ' 2, Acontraot between Messrs Joseph ; Nathan & Co,,' and tho AsßOoia-, tion. ' .'.'.."'. . Applications for shares should bo made uponihe accompanying form, andfonvarded to the Bankers of the Association, together with the omount poyabhv on application, If no allotment is made the deposit will be returned without deduction, and where the number of shares allotted is less than the number applied for, 'surplus will be credited in reduction of the amount pay'ablo on allotment "' A form of Application for Shares is annexed, and a copy of tho memorandum of Association will be found endorsed on this prospectus, A copy of the Articles of Association of the Association, and of the contracts above mentioned maybe inspeokd at the office of the Association's Solicitors, Dated this day of 1892.' (Signed) M.CASELBERU& CO. (Signed) JOSEPH NATHAN &CO, "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHAKES,

MEMORANDUM oy ASSOCIATION OP TUB WAIRARAPA FARMERS' CO-OPBR-ATiVE ASSOCIATION, Limited. (FOIIMEBI.YM. OASELUEBQ AND CO,) \. 1, Tim nanw of the Association is " Thk WAIRAIIAFA FAMIEIIS 1 OO'pI'EIIATIVB Association, Limited." 2, Tho Registered Office of tho, Association will be situated in Wasterton, in tie Colony of Now Zealand, . ' ; 3, Hie objects for which tho Association is established are:- ' ;: ' tho stock ni trade, property (real and pergonal), book debts, and goodwill of the business now carried on by Mescrs M Caselberg 'and Co,, of. Mastcrton and . Greytonn, Storekeeper; and the prem iscs where that business is now being carried on at Mastertoh and Grcytown; ajlq to acquire by purchase, as a going coriccrn., : tho stock in Wade, proper jy]rcal and vja-. sonal),'Wok deMs, and gopd'wjU of % ' retail' business pr 'carried on, by jjjesa'w Jo'sepltNafhan '&'0o,» at'.ienui,' in. tho ' District of Walrampa;'' and to takeover tho' said btisineiscsas going concerns, as on aridfroni the first day of February, 1802, and to pay for tho samo oithev by shares wholly paid up, or by shores partly paid ■ up, r or by cash, or partly in on'o of sitoh waysand partly in another; ■- b.) To accept, tab. 0v,0r,l undertake, and cany out to completion all gonftaota,' en< gagenients, auibiiWli'im entered into or incurred )n connection with tlio said bust- ■ ness, of either of them. (o) To carry on in tho Vairarapa District, and . elsowherpinNow v Zealaml i; and h any part of the world, the of Whole sale General Mcrohants and Manufacturers, 1 and Retail' General' Dealers, and Shopkeepers, and Farmers, and any other a similai kind to those specially named oi noi) which tho Directors may from time to time think it advisable to the ■capital of tho 'Association'won or join . in, and s(i that in eveiy oace too Directors ciples, ■,, ... (D.) To purchas'o stock in trade for. Buch business, from time to time, upon such terms ■as the Directors shall 'stem-fit; :. :';.'

Fromtimelo timo.'to jiurthase, accept lenses for terms of years of, oypcq\tiro oa "■• ' \ stop, shops, and ... .. iitl|f Wiiie ; sT6f alio Association' niaV to carried "oii or be IUHWJIMIIMJuffIrc deal'wft!) ljy-si\le, lease, or otherwise, as to the Doctors shall teem fit, [p.) To make and enter into contracts and en- , gagements for tlie supply of stock in trade . or material at fixed prices, for feed periods, or othsrwise, tts to' the directors ' shall seem fit. ':'.■•. .■.;..■■-. [a.) To, BCQijire and undertake the wholo or liabilities, pf any corporation, or person