Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4050, 29 February 1892, Page 4

PROSPECTUS or The Co-i [LIMITED.] (Formerly M, Coselberg & Co.)(H Incorporated uhder '! 1682," CAPITAM100,000; . Divided into 20,000 Shares of £5 eaoh with power to inorease as required' Payable as follows: ,5s oh application, 6s on allotment, 5a every three months until £1 is paid, and he balance by calls,' It is not anticipated that it mil bo necessary to call up any further 'Capital beyond £1 per Share, but in no case will further calls be made ex* ceeding 2s Gd pei month, Directors: MYER CASELBERG, Esq. LIONEL CABKLBERG, E«q. DAVID JOSEPH NATHAN, Est LOUIS JOSEPH NATHAN, Esq With power to add to their number. Bankers THE BANK OF AUSTRALASIA, d, Mcintosh, , Solictors: MESSES BELL, GULLY & IZARD, PiNAMi'SI, WEILIROTOH. PROSPECTUS. . THE association has been formed for the purpose of acquiring the old established and successful General Business pf Messrs M, Caselberg & (?0., at Mwterton and Greytown Joseph Nathan & Co.'a Retail Business at Tinui, in the Wairarapa Distriot, and hereafter to carry on a general business upon the co-operativo principle under! which shareholders, and customers of the Assooiation, will share in the profits t methods to be determined from time to time by the Directors, and for the other purposes mentioned in the Memorandum pf jiation, a copy of which is ondoreed on tnis prospectus. An association of this nature requires, in tho ohief centres, commodious business premises replete with facilities for economically and expeditiously oarrying on the distributing trade. knowledge of local requirements are indis.. pensible for the efficient conduct of the business, and for keeping p clean stocks,. It is necessary to know in what markets at what seasons, and in what quantities to buy their requirements. It is of even greater importance to know how, where, and when It r ie i 6 to the best advantage, But the real difficulx tics of all suoh institutions is" tho beginning ; for they must have capital at command, and bave such financial arrangements, not only in the Colony, but in the various markets of the world, as will build up a first-oloss orcdit and good name, and thus transact business on rook bottom limits. The profits of the Association after payment oi expenses will belong to, and be distributed amongst tho shareholders. It is at present proposed after payment to shareholders of a dividend of 7 per cent upon amount of paid up capital to divide part of the balance of the prolits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Reserve Fund fortho equalisation of dividends, and for the distinct object of starting or investng in such local industries in the distriot, as will prove conducive to tho welfare tho shareholders, employ labour, .and pro> inoto the wealth and population of the district. The Association will wherever sufficientinducemontis 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 cost of management and conduct of business, reduce expenses and enlargo its sphere of usefulThis is far from being .. , concern, The businesses of the vendors have been cairicd on successfully for the last twenty-five years; and the'promoters have such confidence in the future of 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 guarantee a dividend of not 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" " been known to you for the last fifteen certify that stooks have been taken absolute cosUnd all bad or old stock has been reduced to the market value or away altogether, Book dobts taken over are guaranteed against loss by the vendors. The following contracts havo been made, 1; A contract Caselberg & Co., and tho Association. 2. A contract between Messrs Joseph Nathan & Co,, and the Assosia>< tion, Applications for shares should bo made upon the accompanying form, and for warded to the Bankers of the Association, together with the amount payable on, application, If no allotment is made the deposit mil bt returned without deduotion, and where the number of shares allotted is less than tho number applied for, surplus will be credited in reduction of tho amount payable on al lotment, A form of Application for annexed, and a copy of the memorandum of Association will be found endorsed on A copy of the Articles of Association of the Association, and of the contracts above mentioned maybe inspected at tho office of tho Association's Solicitors, Dated this - day of 1891 (Signed) M, CASELBERG& CO, "" "JOSEPH NATHAN & CO, ('

"THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHAKES, MEMORANDUM OP ASSOCIATION OP THE WAIRARAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited. (t'OBHPiPM., OASKPERGAP CQ.) 1, Tho name ol tho Association is " The WAIBABAPA FABMEBS' CO-OPEBATIVE Association, Limited, " S, Tho Regiatered Offico of tho Association mil he situated in Masterton, in tho Colony of Now Zealand. 3, Tlio objects for which tho Association is established arc A,) To acquire by purchase, as a going concern ilie stock in trade, property (real and pertonal), book debts, and goodwill of tho business now carried on by Messrs M Casolberg and Co., of Masterton and Greytown, Storekeepers j and the prem iscß inhere that business is now being carried on at Masterton amlGreytown j also to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts, and good will of tho retail business now carried on by Messrs Joseph Nathan & Co,, at Tenui, in tho • District of Wairarapa j and to take over the said businesses as going concerns, as on andfrom tho first day of February, 1892, and to pay for tho romenthor by shares wholly paid up, or by shares partly paid up, or by cash, or party in one of. such ways and partly in another, 13,) To accept, tako over, undertake, and carry out to completion all contracts, enpagcmcnts, and liabilities entered into or . incurred in connection with the said business, or either of them. (o) To carry on in tho 'Wairarapa District, and elsewhere in New Zealand, and in any part of the world, tho businesses of Whole sale General Merchants and Manufacturers, and Retail General Dealers and Bhonkeepere, and Farmers, ond any other business, trade, or occupation (whether ot a similar kind to those specially named or noi) which tho Directors may 1 from time to time 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-operative principles, (D,) To purchase stock in trade for such business, from time to time,' ljpoii such terms as the Directors shall stem St, ' From timo to time to purchase, accopt leases for terms of years of, br acquire on any other tenure, land, stores, shops, and other buildings, whereon the business > of vhe Association aia; to carried on or bo ntended to be carried on; and any jand or buildings so acquired to dispose' of or deal with by sale, lease, or otherwise, as to the Directors shall Seem fit. (P.) To make and enter into contraband engagements for the supply of stock in trade or materiol at fixed prices, for fixed \ periods, or otherwise, as to tlio' Direotws shallsecm fit. (a.) To acquire and undertake the whotaor any part of the business, property, .and liabilities of any corporation or person