Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4048, 26 February 1892, Page 4

The Wairarapa Farmers' Co • Operative Association (1 [LIMITED,] (Formerly M, Caselbeig & Co.) ( ; Incorporated under " The Companios ot, 1652," CAPITAL, .8100,000; Divided into 20,000 Shares of £5 each (l with power to increase as required' Payable as follows; 6s on application, . 5s on allotment, 5a every three months »' . until £1 is paid, and he balance by calls. It is not anticipated that it will ( bo necessary to call up any further Capital beyond £1 per Sharo, but in no case will further calls be mado ox* ( ceeding 2a Od pei mouth, Directors: MYEB CASELBERG, Esq, LIONEL CASh'LBERG, Esq. DAVID JOSEPH NATHAN, Esq, LOUIS JOSEPH NATHAN, Esq. Willi pernor to aild to their number. THE BANK OF AUSTRALASIA, Secretary: D.McINTOSH, Solictors; MESSES BELL, GULLY & IZAED, Panasu-St, Wellington. rpHE association has been formed for L the purpose ol acquiring tho' old established and successful General Business of Messrs M. Caselberg & Co., at Masterton and Greytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Wairarapa District, and hereafter to carry on a general business upon the co-operative 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 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 promises replete with facilities for economically and expeditiously carrying on the die-. tributing trade. Experienced managers with a thorough knowledge of local requirements are indis.. pensible for the efficient'conduct of the business, and for keeping fjood saleable oloan stocks, It is necessary to know in what markets at what seasons, and in what quantities to buy thoirrequirements. 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 difficuU ties of all such institutions is the begin- . ning; for they must have capital at command, and have such financial arrange* ments, not only in the Colony, but in the various markets of the world, as will inspire the utmost oonlidence to enable it to build up a first-olass credit and good name, and'thus transact business on rook bottom limits. The profits of the Association after payment of expenses will belong to, and bo distributed amongst the shareholders. It is at presont proposed after payment to shareholders of a dividend of 7pcr ecnt 1 upon amount of paid up capital to divide I partoflhe balance of the profits amongst '• the shareholders, according to tho 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 investng in suoh local industries in the district, ' as will prove conduoivo to the welfare of tho shareholders, employ labour, and pro- , mote the wealth and population of tho ■ district, The Association will wherever sufficient inducement is offered by settlers and others, and subject to the consent of tho shareholders, endeavour to ally itself, , or amalgamate, with similar institutions, and thus by sharing the oost of manage > ment and comluot of business, rediico . exponsos and enlarge its sphere of usefulness. I This is far from being a speculative concern, The businesses of tho vendors f have been cairied on successfully for the last twenty.five years; and tho promoters ' have such confidence in the futu'e of the i Association that they are prepared, so long •; as Mr Caselberg is allowed a controlling ■• voice in the management of the concern as s heretofore, to guarantee a dividend of not - less than 0 per cent for tho next five years, Jt should be plainly understood that the r promoters do not desire now, nor in tho future to take out their capital, but to ■ carry on the business on tho 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 years, - Disinterested experts will be employed to , certify that stocks have been taken at 9 absolute cost, and all bad or old stock hoa been reduced to the market value or taken away altogether, _ Book debts taken over are guaranteed • against loss by the vendors. The following contracts havo been made, b namely;— 1, A contract between Messrs M, Caselberg & Co., and the AflsooLv, j tion, 2, A contract between Messrs Joseph ' Nnthan&Co„and tho Assooiav ' tion, 1 Applications for Bliares should bo mado upohthe accompanying form, andforwardod to the Bankers of the Association,' together with the amount payablo on application, If no allotment is made the deposit will be returned without deduction, and where the number of shares allotted is less than tho number applied for, surplus will bo credited in reduction of the amount payable on nl» lotment, A form of Application for Shares is annexed, and a copy of tho 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 be inspected at the offloo oi the Association's Solicitors, Dated this day of 1802. (Signed) M, CASELBERG # CO, 1 (Signed) JOSEPH NATHAN & CO, i "THE COMPANIES ACT, 1882," " ASSOCIATION LIMITED BY SHARES, • MEMORANDUM 0? ASSOCIATION Of THE ' WAIKAEAPA FAIJMERS' CO-OP'EK- » ATIVE ASSOCIATION, Limited, 8 (FOnMEBDV Jl. OASKfjEEBO AKD CO.) 1, The namo of the Association is " The Wairarapa Farmers' Co-operative 1 Association, Limited." ' 2, Tho Registered Office of tho Association s mil bo situated, in Masterton, in the Colony of Now Zealand, 3, Tho objects for which the Association is established aro!— A.) To acquire by purchase, as a going concern the stock iu trade, property (real and personal), book debts, and goodwill of the business now carried on by Messrs M Caselberg and Co,, of Masterton and Greytown, Storekeeper;' and the prem iseswhere that business is now being carried on at Masterton and Greytown j also to acquire by purchase, as a going concern, the stock in trade, property (real and per- -, Bonal), book debts, and good mil of tho retail business now carried on by Messrs Joseph Nathan & Co,, at Tenui, in tho District of Wairarapa; and to take, over the Baid businesses as going concerns, as ou r aedfrom the first day of February, 1892, ' and to pay for tho same cither by shares t wholly paid up, or by shares partly, paid up, or by cash, or partly in one of such i,) To accept,. lake over, undertake, and carry out to completion all contracts, enI gagements, and liabilities ontcred into or incurred in connection with the said business, or cither of them, (o) To carry on in tho Wairarapa District, and elsewhere in New Zealand, and fa any pa, t of the world, the businesses of Wholo salo General Merchants and Manufac- > t,..™ ami Botail ftan.r.l TV-1.,.. „_., Shopkeepers, and Farmers, and ary other business, trade, or occupation (whether ot a similat kind to those specially named or not) which the Directors may from tiino , to timo think it advisable to embark the capital of the Association upon or join in, and so. that in every case the Directors shall have power to enter upon, and carry ( on any business upon co-operativo principles. ' (d,) To purchase stock in trado for such business, from time to time, upon such terms ' as the Directors shall stem fit, leases for terms of years of, or acquire on any other tenure, land, stores, shops, and ntuer buildings, whereon the business of i :te Association may be carried op or bo ntended to be carried on; and any land or buildings so acquired to dispose of or deal with by sale, lease, or otherwise, as to tho Directors shall seem fit. (ft) To make and enter into contracts and en- ; gagements for the supply of stock'in trade ' or material at fixed prices,, for fixed periods, or otherwiso, as fo the Directors ■ shall seem fit. . ■ (q.) To acquiro : and undertake the whole or , aoy part of the .business, property, and liabilities of any corporation or person