Page 3 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4055, 5 March 1892, Page 3

• "HOSPECTUSor ; ' " The Wairarapa Farmers' Co - Operative Association [LIMITED.] (Formerly M, Caselberg & Co.) Incorporated under " The Companies ot.' ■ lbS2." CAPITAMIOO,OOOi Divided into 20,000_ Shares of £5 each with power to inoreaso as required' Payable as follows: 5s on application, 5s on allotment, 5a every three months until £1 is paid, ami lio balance by calls. It is not anticipated that it will bo necessary to call up any further Capital beyond fl perSharo, but in no caso will further calls be made exceeding 2s 6d pci month. Directors: MYER OASELBERG, Ei<], MONEL CASICLBEItG, E*q DAVID JOSEPH NATHAN, Esq LOUIS JOSEPH NATHAN, Esq. Willi (lower to add to their number, ■ Bankers THE BANK OF AUSTRALASIA, Secretary: D.MNTOSH, Solictors: MESSES BELL, GULLY & IZARD, PANAJIA'ST, WEUIN'OTOiV. ■ PKOSPECTUS,

THE association has been formed jfor tho purpose of, acquiring., tiie- old established and successful General Business of Messrs M, Caselberg & Co v at Masterton and 1 Groytown, 'ani" MeVs'r Joseph Nathan &Co.'s Retail Business-at Tinui, in the Wairarapa District, and hereafter to carry on a general business upon tho co-operative principle under which shareholders, and customers of the Association, will share in the profits, according to methods to be dstermincd "from time to time by the Directors, and for the other purples Mentioned in the Memorandum of Association, a copy of which is endorsed on tniswospectus. . Anlissociation of this nature requires, in the chief centres, commodious business premises replete with facilities for economically and expeditiously carrying on tho dis-^ tributing trndo. Experienced managers with a thorough knowledge of local requirements are indispensible for the effioient conduct of tho 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 thcirrequirements. It is of even greater importance to know how, where, and when to exportor otherwiso dispose of the produce to the best advantage. But the real dillicuk tics of all such institutions is the beginning for they must have capital at command, and have such financial arrangements, not only 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-olass oredit and good name, and thus transact business on rook bottom limits,. ■ The profits of the Association nfter payment of expenses will belong to, and be distributed amongst the shareholders. It is at present proposed alter payment to shareholders of a dividend of 7 per cent upon amount of paid up . capital to divide part of Ihe balance of the profits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to oarry part to a Beservo Fund for the equalisation of dividends, and for tho distinct object of starting or investng in such local industries ia the district, as will prove conducive to the* welfare of the shareholders, employ labour, and pro-' mote 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 the shareholders, endeavour to ally itself, or amalgamate, with similar institutions,'i and thus by sharing the cost of management and conduct of business, reduce expenses and onlarge its sphere of usefulness. • . , This is far from being a 'speculative concern. The businesses of the vendors have been earned ou successfully for the last twenty, five .yearh j and tiie promoters have such confidence in the future of the Association that they are prepared, so long sb Mr Caselberg is allowed a controlling voice in the management of the concern as heretofore, to guarantee a dividend of not less than G per cent for the next five years. It should bo plainly understood that the promoters do not desire now, nor in tho 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 stall, many of whom have been known to you for thß last fifteen years, Disinterested experts will be employed to certifj that stoolts have ken taken at absolute cost, and all bad or old* stock has been reduced to the market value or taken away altogether. Book debta taken over are guaranteed against loss by the vendors, The following contracts have been made, Damely 1. A contract between Messrs M. Caselberg & Co.; and the Assooiai tion. 2. A contract between Messrs Joseph Nathan & Co., and the Associa« tion, Applications for shares should be made upon the accompanying form, and forwarded to the Bankers of the Association, together with the amount payable on application, If no allotment is made the deposit will be returned without deduotioh, and where the number of sharjs allotted is less than the number applied for, surplus Will be in reduction pf .the amountpayable on al« lotueat, - - . A form of. Application 'for Shares is annexed, and a c.opy of the memorandum of. Asßoc'piioi will be found,endorsed on this prospectus, ' " ' ' A. onpy of the Article's 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 ' . 18S2. 1 (Sigtud) M, CASELBERG & CO, ■' (Signed) JOSEPH NATHAN & CO, •'"THE COMPANIES ACT,'IBB2."' ASSOCIATION LIMITED BY SHARES, MEMORANDUM Of ASSOCIATION OF TIIE WAIMRAPA FARMERS' CO-OPER-ATIYE ASSOCIATION, Limbed; ' : (KOHMKHLY M, OABELBEIW AND'CO,) ' 1, The name of the Association is "•UllK " : WAIRABAPA' ' FABMEM I CO-OPEHATIVE . 'Association, LisjiiedJ' . ' 2, The Registered Ompe of tho. Association ivil} lie stated' in .Masterton, in tho Colony qf Now Zealand, 3, Tiie object's for which the Association is established are A,) To acquire by purchase, as a going concorn' tho stock in trade, property (real and per: loual), book debts, and goodwill of tho business now carried on by Messrs M Caselberg and Co., of Masterton and Greytown, Storekeeper'j and the. pjejp ises where tlmtbusiness isnow being cmried on at Masterton aiid Greytown ; sJb'o to acqiiiro by purchase,' as a going c'on'cerij,' tho stock in Vadc, property (real andpei;: soiyil), book debt's, and good mil of the retail'business now capicd op byJjessjj Joseph Nathan '& Qo.,' at Temp,' in the pistiict of Wairarapa 1 Aid to take over the said businesses as going conoerns, as on ' and from tbe first day of February, 181)2, and to pay for the: samo either by shores wholly paid up, or by shares partly paid up, or by cash, or partly in ouo of such ways and pattlv in another. B,) To accept, tako ovor, undertake, and carry out to completion ail contracts,. en- . gagemeuts, and liabilities entered into or incurred in connection with the said business, or either of theni. (0) To carry oninthoWairarana^istrio^iid elscwherb'jn'Ncw . part jii She vorffi (he businesses of AVbolo ■ s'a|o .flonpral' Mcrcliapt? »ud Manufacturers, and Retajl General Dealers and Shopkeepers, and fanners,'ami any other business, trade, or occupation (whether oj a similai kind to thoso specially named or not) which the Directors may from tins to time think it advisab); to-iw'"'.: 1 ,, ji le capita) to AlScia'tion upon or join 'ia, and so that in every case the Directors shall havapowcr to enter upori, i&Vy or. any busing ®on prinMjJe'j; I ' ll ' (b.) To'purchase stock in trade for such business, from time to time, upon Buch termß as the Directors shall stem fit, From time to iime" to purchaso, accept leasesfor terms of ycam of, "oracquiio on any other tenure, laudj.Btores. shops, and nther buMngdi wMrco'n'the busincßs of vile As'sMjtion'niaj; becarticd ou or be ht'ndwVtobocariied and any land , oi'Diiildiiigs. so acquired-to dispose'of or deal with by salojease.or otherwise, as' ,': to the Directors shall seem fit., , •(!>,)'To mako and entorintacontracts nnd engagements for the supply pf stock in trade or' material at : fixcd prices,'- fur-fixed . periods, or otherwise,as to.fcbe Directors shall seem fit. .:rr ... v (a.) To-acquira and undertake tho whole or "iay nart'iot'the. business, probity, and liabilities'of; onycorpbritttoin or'person