.:• ..'.".. 'OF' -'■•>• _The;Wairarapa Farmers' Co-Operative Association ''"'"'.'' (Formerly M,'Caselberg & Co.) Incorporated under "TheCompaniesof. .•'■'•. 1682," . ~;1 CAPITAUIOO.OOO; 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 he balance by calls. It is not anticipated that it will be necessary, to call un any ..further Capital beyond .£1 'per Share, but in no case will further calls bo made exceeding 2b 6d per month, MYEBCASELBERG, Esq.' LIONEL CASELBERG, Esq DAVID JOSEPH NATHAN, Esq LOUIS JOSEPH NATHAN, Esq With powor to «dd to their number, Bankers THE BANK OF AUSTRALASIA. Secretary.: d. Mcintosh; MESSRS BELL, GULLY & IZARD, '■ PANiMi^SI.'WELLmOION. THE association has been formed for •■■..the purpose of acquiring the - old established and successful General Business of Messrs M." Caselberg & Co., at Masterton and Greytown, and Messr Joseph Nathan rSCo.'s Retail Basiness at Tinui, in the Wairorapa ' District, and hereafter tooarry on a general business upon . the co-operativo principle under which shareholders, snd customers oi the Association, will share in the profits, according to methods to ho determined from time to time by the Directors, and for tho other purposes mentionod in the Memorandum of Association, a copy of whioh is endorsed on tuißprospeotns. An association o£ this nature requires, in the chief centres, commodious business premises replete with facilities for economically and expeditiously carrying on the dis-> tributingtrade, , ■• Experienced managers with a thorough knowledgo.of local requirements are indis. pensible for the effioient conduct of the business, and .for keeping good saleable "lcanstooks, ' It is necessary to know in what markets at what seas'ons/and in what quantities to buy theirrequirements. It is of oven greater to exportor otherwise dispose of the produce to the best advantage, But the real diflicul» ties of all suoh institutions is the beginning; for they must:have capital at command, and bave such-financial arrangements, notonly in the Colony, but in the various markets of the world, as will inspire the utmost confidence to enable it to build up a first-class credit and good name, and thus transact business on rock bottom limits, The profits of the Association after payment of oxpenses'will belong, to; 'and. be distributed amongst the shareholders. It is at present proposed attor payment to shareholders of a dividend of 7 per oent upon amount of paid up oapital to divide partoflhebalanoe'of the profits 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 for the equalisation of dividends, and for the distinct object of starting or investng in suoh local industries in tho distriot, as will prove conduoive to the welfare ot the shareholders, employ labour, and promote the wealth .'and population of the district, . The Association will wherever sumoientinducement 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-tho cost of manager ment and conduct of basiness, reduce expenses and enlarge its sphere of usefulness. This is far from" being a speculative concern,-' The businesses of tho vendors have been earned on successfully. for the last twenty-fivo years; and the promoters have such confidence in the future of the Association that they are prepared, so long as Caselberg is allowed a controlling voice in the management of the concern as heretofore, to guarantee a dividend of not less than 6 per cent for the next five years. 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 Caselberg at the head of affairs, assisted by all the present staff, many of whom have been known to yoil 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 stook has been reduced to tho market value or taken away altogether, ■ ■ ■ Book debts taken over are guaranteed against loss by tho vendors, The following contracts have been made, namely ; : 1, A contract between Messrs M, , .Caselberg oYCo,, and the Assooia-. 1 tioni -...''. \ 2, A contract between Messrs Joseph Nathan & Co,, and tbo Associa- '■''''•■■ '. : Applications for shares should be made upon the accompanying form, andforwarded to the Bankers of the Association, together with the amount payable on application, If no allotment is made the' deposit will be returned without deduction, and where tho number of shares allotted is less than the number applied for, surplus will be credited in reduction of tho amount payable on allotment, A form of Application for 'Shares is and a copy of tho memorandum of Association will be found endorsed on thisprospeotus, A copy of the Articles of Association of tho Association, and oi the contracts abovo 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, "TEE COMPANIES ACT, 1862." ASSOCIATION LIMITED BY SHARES, MEMOBANDOM OF ASSOCIATION OP THE WAIRARAPA FARMERS' COOPERATIVE ASSOCIATION, Limited. (FOBMEBLTH, OABKLBEIIOAKD CO,) 1, The namo of the Association is " Tun ■Waibabapa Fabmkbs' Co-Opebatiye Association, Limited." 2, The Registered Office of the Association will ■be Bituatcd in Mnatorton, in tho Colony of New Zealand, 3, The objects for which the Association is established aro:—, ;• ' ■._ A.l To Acniiim hv niii-filmjin. n.q n pninrr Knnnnra the stock m trade, property (real and personal), book debts, and goodwill of the businesshbw carried on!by'Messrs M , Caselberg and Co,, of Masterton and I Greytown,,Storekeepers,;,and the prem ises where that business iS nOW behU> Carrie,! m, «f. M«fa.rMn ™l (l.™> . .1to acquire by purchase, as a going concern, the Btock in trade, property (real and personal), book debts, and'good will of tbe retail business now carried on by Messrs Joseph Nathan &Co,, : at Temii, in tho District of Wftirarapa; and to tako ovor andfrom tbe first day of February, 1892, and to pay for the samo either by shares wholly paid up, or by shares partly paid up, or by cash, or partly in one of-such ways and partly in another, ■'' • ■ ■'. B.)To accept, take over, undertake,-and carry out to completion ollcontraott, engagements, and liabilities entered "into or incurred in connection with the said business, or either "of them. (o) To carry onin tho¥airarapaDistrict, and elsewhere in New Zealand, and h any part of tho world, the businessss of Whole sale General Merchants and Manufac- . hirers, and Retail General; Dealers and business, trade, or occupation (whether ot . a similai kind to those.specially named or 1 not) whicli the Directors may from time to time think it advisable to embark ; th'e capital of the Association upon or join in, and so that in every case tho Directors shall have power to enter upon, and carry (d,) To purchaso stock in trade for such business, from time to time, upon such terms as the Directors shall stem fit.
From time to time to purchase, accept . leases for terms' of years of, or acquire on any other tenure, land, stores, shops, and nthor buildings, whereon the business of vlie be carried on or bo . Mended to be corned on; and any land orbuUdinga so acquired to dispose of or deal with by sale, lease, or otherwise, as to the Directors shall seem'fit, (p.) To make and entennto'contracts and engagements for this supply of stock in trade ; f or. material at; fixed prices, for fixed ~.. periods, orotherwiso, as to the Directors .:'/..; shall seem fit. '' ; , ■■:' ■ j"..■'■"■'■■ ,v. ; ,-• (a.) : To;acquire and.undertake tho: whole or ;.;.'liabiliticfl of any .oorporation ot peKon
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Wairarapa Daily Times, Volume XIII, Issue 4054, 4 March 1892, Page 4
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1,271Page 4 Advertisements Column 8 Wairarapa Daily Times, Volume XIII, Issue 4054, 4 March 1892, Page 4
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