Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4052, 2 March 1892, Page 4

PHOSPECTUB OF ~ The Wairarapa Farmers] Co- Operative Association ■"'" [LMITED.] .<•'■■ (Formerly M, Caaelborg <fc Co.)■ ■' Incorporated unfler " The Companies ot,. r ■ '.1*82," :. Divided into 20,000 Shares of £S each with; power ;to increase as required' Payable asjoilowsiiusonapplicatiori, 6s on allotment, 5s every three montbjj until £1 is paid, and he balance by calk It ig not autioipited tliat itwiU bo necessary to call up,.any, furiher Capital je'r Share, but in no case will further 'calls'lie rnado oxcecding 2s 0d pei. month/ ' . ■' ■.. Direotoi*s: ~' :''; : . Mi'ERCASEtBEBCEsq, 11 ' . LIONELCASKLBERG,Esq DAVID JOSEPH NATHAN, Esq . LOUIS JOSEPH NATttAH, JSgc[ THSBANKOFAUSTBALASIA, Secretary: D.McINTOSH, Solictors: MESSES BELL, ; GULLY & IZABJ), PAKittA'Sr, WWiIINOTOIf,... '■'■■■ PBOSPEOTtJS. "•■'■'■ ; : IflE.association has.bean formed for L the purposo of acquiring the old established and successful General Business of Messrs M. Caselberg ■& Co,, at Masterton and Grey town, and Messr Joseph Nathan ft, Oo.'s 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, according to mothods 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 the distributing trade, . '.. ■ -■ Experienced managers with a thorough knowledge of local requirements are indis. pcnsible for the effioieht conduct of the business, and for keeping good saleable* knstooks,

It is necessary to know in what markets ' at what seasons, and in what quantities to buy theirrequirements, It is ot even greater ; importance toknow howl whero; and when to exportor otherwise dispose of the produce ; to the bost advantage, But the real difliculx - ties ot all such institutions is the begin--5 ningjfor they mmt have capital at command, and have such financial arrangements; not only in tho Colony, but in the vanoas markets of the world, as will inspire the utmost confidence 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 be distributed amongst the shareholders, It i is at present proposed after payment to „ shareholders of a dividend of 7 per cent j, upon amount of paid up capital' to divide part of Iho balance of the profits amongst the shareholders, according to the amount ot business demo by each, and a bonus to 6 employees, and to oarry part to a Reserve Fund for tho equalisation of 'dividends, and [, for the distinct object of Starting or invest- |( ng in such local industries in the' district, as will prove conduoivo to the welfare of the 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 tho shareholders, endeavour to: ally .'itself, or amalgamate, with similar institutions, - and thus by sharing the cost of manage- - ment and oonduct of business, reduce expenses and enlarge its sphere of usefulness, n This is far from being, a .speculative )] concern, The businesses of the vendors ~ have been earned on successfully for thp e 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 K less than 6 per cent for tbe next five years.' It should be plainly understood that the promoters do not desire now, nor, in the future' to take oiit their capital, but to carry on the business on the new. lines with II Mr"Caselberg at tho head of affairs, assisted by all the present staff, many of whom have been known to you for the last fifteen years, ■ /"" Disinteroslod experts will be employed to oortifji that stocks have - been' taken at ? absolute cost, and all bad or old 1 stook ■has been reduced to the market value or - taken . altogether. Book,debt'sMaken over are guaranteed v against joss by thovendors,. r -, & The following 'contracts havo ,bcen made, t namely:— . ~ '.,.•• '..,,,. '• 1, A' -contract - ; between' Messrs;M, 1 ' Casolberg& Co.; and the Aseooiai ' ■;■ tion. '■•■' .' ;; : ''-' : , ". ■"' ■ ■• 2.' A oontroot between Messrs ] Joseph/ •..'.■ . Nathan<fcCo., and' tho Assobia-t ..:■ : r; ; tion.. ■ . . .-■■ . i..-.i ■■,.,' ';'• Applications for shares should be' ■ made' upon the accompanying form, andforwarded to (lie Bankers of the Association!, together with the .amount, payable on" application,, If no all6iin'ent : is'made the deposit will be returned without dedriotidn.'and whero. tho ■ number of shares allotted islesY than tho number applied for; surplus will be oredited. in'reductio'nof the amount payable on' allotment, A form of Application for Shares is annexed, and a copy of tho memorandum of Association .will be'found endorsed on thisprospeotus, A oopy of the Articles .of Association- of the Association, and of the contracts above mentioned may be inspected at the office of the Association's Solicitors, . Dated this day of 1892, , (Signed) M.CASELBERttrS CO. . (Signed) JOSEPH NATHAN & CO," "THE COMPANIES A0T,.1882." ASSOCIATION' JJMITEP BY SHARES, ' : MEMOEAHDUM OP ABSOOfATION Of THE WAIKARAPAFABMEBS' COOPERATIVE ASSOCIATION, Limited. (FOBMEBH H. OABELBEHO Ap CO,) 1, The namo of the Association is " The Waibabapa" Fabmeds' Co-opebative Assoo'iatioh, tHUTPDr 1 ' 9 Tim Tlminbrpii Offirn nf ftin A..„„;„(;„„ will be. situated in Maetorton, in the Colony of Now Zealand. "■'. 8, The objects for which tho Association is established a're>- ■■" ! A,) To acquire by purchase, as a going concern the stock in trade, property (real and per- ' tonal), book debts, and goodwill of tho business now carried on by Messrs -M pasclberg'' : and'Co,,of Mastcrfbn arid . Greytown, Storekeepers'; and the prem ', iscs where that business is now being' carneuVon at Masterfeaud Greytown j also : to acfluirb by purchase, as a going concern, ■' fhe'stock ip'tradc,' properfy (real and pep ,■ spnal),'bi)pk dejifs., antUobd will of the Joseph Nathan & Co,', at Tcpul," fn the District of Wairarapa;.and to take over the said businesses as going concerns, as on 1 andfromtbofirstdayof February, 1892, • and to pay for the'same either by shares ; . wholly paid up, orby.'share's partly paid ,«Pj, or by cash, or partly in cue; of such ways and partly in another, ~ i B.)To 'accept, take oyer,, undertake, and pirry out to completion al) contracts, ep, gagenicnts, and habilitjts entered into or incurred in canpection with (he sa(d busi, ness, op either of them, ' ■ [0) To carry on in tho Wairarapa Pistrict, and elsewhere in New Zealand, and in any part of the world, tlir-.businessss of Whole sale General' Merchants and Manufac, turers'j anil, Retail .General- Dealorg and ' Cl,« n l.„» n »«—J P«.™»„ »».I .__.lL' ' business, trade, or occupation (whether of ' ,a simila't kind to those jpeoially named or noi) which the Directors may from time to time think It advisable to embark the in, and so that ii) every case me i/!~C!?™ ' shall have power! to inter upon, and carry on any business upon co-operative principles, • ■■,':. '."..'.• :.■'■ ; .„ (a) To purchase stock in trade for such busi- ■ as the Directors, shall' stcra fit,'''' From' time to. time'- tp purchase,' •' accept . /leasesfortermsofyean'ofj'Oracquire on r. vhe Association may be'carried on', or be .;•'- ntended to be carried on j and'any land ■.-., or buildings soacquired'to dispose of' or . , deal .with by saUuease, .or otherwise, •as [v.) To'mako and enter into'contracts and en- > ,■ vor (material at fixed" prices,-- for 1 .fixed ' , j periods, or otherwise/as to:tbe Directors ■'■' shall seem fit, : ,.,!? -,-, ,i. /■'•■ ; :■.;-,.' (a.) To acquire and Hdertoke tho whole or ; . aav flart.ot'thVbksihess, properly, and r.-' liablßtJeß'of'any. corporation or person