Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4049, 27 February 1892, Page 4

The Wairarapa Farmers' Co-Operative Association [LIMITED.]' (Formerly M, Caselberg & Co.) Incorporated under " Tho Companies ot, . ■ ■ ■ 1682," ' ;. CAJITALJIOO.OOO; , Divided into 20,000 Shares of £5 each with power to increase as requiredPayable as follows: 5s on application, '• : 5s on allotment, sa.every threo months .'.until £1 is paid,and .he balance by ' calls, It is not antioipated that it will be necessary to call ui) any further . Capital beyond fl per Share, but in no case will further calls be made.ex* needing 2a 6d pel month.' Director: MYERCASELBEEG.Esq. ' LIONEL CAS BLBERG, Esq. DAVID JOSEPH NATHAN, Esqi LOUIS JOSEPH NATHAN, Esq. With power to add to their number. THEBANKOFAU&TBALASIA, Secretary: ' d, Mcintosh, Solictors: MESSES BELL, GULLY & IZARD, Panama-Si, Weolinqtok, & fTIHE association has been formed for L the purpose of acquiring the old a established and successful General Business of Messrs M. Caselberg & Co.. at . Masterton and Greytown; and ■ Me's sr Joseph Nathan & Co.'s Retail BusinoßS at Tinui, in the Wairarapa . Distriot, and hereafter to carry on a general business upt on the co-operative principle Under which ;, shareholders, and customers of the Ass'ooiaj tion, will share in tho 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 r the ohief centres, commodious business g premises replete with facilities for economically and oxpcditioußly carrying on the ilia-. E tributing trade. ~i Experienced managers with a thorough knowledgo of local requirements are indis. pensible 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'whon to exportor otherwise dispose of tho produce to the best advantage; But the real difficuls ties of all suoh institutions is the beginning ; for they muat have capital at command, and have such fioanoial arrangements, not only in tho 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.. 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 7 per cent ; part of the balance of tho profits amongst i the shareholders, according to the amount ... of business dono.by each, and a bonus to ' employees, and to oarry part to a Be'serve Fund for the equalisation of.dividends, and for the distinct object of starting or investng in such local industries in the district, !• as will prove oonduoive to the welfare of tho shareholders, employ labour, and promote the wealth and population of the P district, Tho Association will wherever • sumwont inducement is offered by settlers and others, and subject to tho consent of tho shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing the cost of managej ment and conduct of business, reduce ; expenßeß and enlarge its'sphero of/usefulness.. ' j This is far from being a speculative 1 concern. Tho businesses of tho, vendors have been earned on successfully for the f last twenty.five years; and the promotors • have Buch confidence in the future of tho , Association that they are prepared, so long . as Mr Caselberg is allowed a controlling 1 voice in the management of the concern, as 3 heretofore, to guarantee a dividend of not . less than 0 por cent for the next five years, It should be plainly understood that the promoters do not desiro now, nor in the futme to take out their capital, but to . carry on the business on the new fines with Mr Caselberg at the head of aSairs, 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 ' absolute cost, and all bad or old stock, has ■ been reduced to the market value or taken away altogether, Book debts taken ovor are guaranteed , againßt loss by the vendors. .The following contracts have been made, , namely : l, A contract between Messrs M. Caselberg & Co.j and tho ABsooia* tion. , 2, d contract hotweon Messrs Joseph Nathan & Co,, and tho Assooia-. ' tion, - i ■ i Applications for shares should bo made uponthe accompanying form, andforwarded to the Bankers of 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 shaws 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 the memorandum of Association will be found endorsed on this prospectus, . A oopy of the Articles of Association of the Association, and ot the contracts above mentioned may be inspected at the office of the Association's Solicitors, Dated this day of 1892.' (Signed) M, CASELBERG & CO, (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHAKES, MEMORANDUM OK ASSOCIATION OP THE WKARAPA FARMERS' COPPERATIVE ASSOCIATION, Limited, , (FOBMEBLTM. OASELBEBO AND CO,) 1, Tht. prno of the Association is " THE Waibabapa farmers' Co-operative Association, Limited." 2, Tho Ri giatcred Offico of the Association will he situated in Masterton, in the Colony of Now Zealand. 3, The objects for which tho Association is established ore \rA.) To acquire by purchaßO, as a going concern the stock in 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, Storekeepers j and the prem mwitowmm to acquire by purchase, as a going concern, the stock in trade, property (real and personal), hook debts, and good will of tho retail business now carried on by Messrs Joseph Nathan & Co,, at Tcnui, in the District of "Wairarapa; and to tako over the said businesses as going concerns, as on and from the first day of February, 1882, and to for the, same either by shares wholly paid up, or by shares partly paid up, or by cash, or partly in ouo of 3Uch ways and partly in another, B,) To accopt, take over, undertake, and carry out to completion all contracts, enincurred in connection with the said business, or either of them, (0) To carry on in tho Wairarapa District, and . slsowhero in New Zealand, and ia any part of tho world, the businesses of Whole , sale General Merchants and Mamifacturcrs, and Retail General Dealers and ' Shopkeepers, and Farmers, and any other t . • business, trado, or occupation (whether ot a similar kind to those specially named or not) which tho Directors may from timo to time think it advisable to embark the capifal of tho 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 cooperative prin- ;: eiples,, ■ .. ; ? y\' : . (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 timo to purchase, accept . leases'for.termsofyearsof, or acquire on , ■ any other tenure, land,,stores, shops, 1 and , ather buildings, whereon the business of '< »he Association may be carried on'..or be ■': ntsnded to bo carried on j and • any land - or buildings, soacquire'd to dispose of or ,| deal with by sale, lease, or otherwise, as to the Directors shall seem fit,' (f.) To make and enter into contracts and engagements for the Bupply of stock in trade or material at fixed/prices, for fixed , periods, or otherwise, as to tho Directors shall seem fit,' ',-'■■ [o.) To acquhe" and,'undertake ; tho whole or ; any part ot the business, Property, and liabilities of any corporation or person '