Page 3 Advertisements Column 2

Wairarapa Daily Times, Volume XIII, Issue 4059, 10 March 1892, Page 3

"" SBOSPEOTU3. OF The Wairarapa Farmers' Co-Operative Association, [LIMITED.] (Formerly M, Caselberg & Co.) Incorporated under " The Companies Act, 1582," (SAPIT AL^eiOO.OOO; Divided into 20,000 Shares of £5 oaoli, with power to increase aa required. Payable as follows: 5s on application, 5s on allotment, 5s every three months until £1 is paid, and the balance by calls. It is not anticipated that it will be necessary to call up any further Capital beyond £1 per Share, but - in no case will further calls be made exceeding 2s 6d per month. Directors: MYER CASELBERG, Esq. LIONEL OASELBEIIGr, Esq. DAVID JOSEPH NATHAN, ESQ. LOUIS JOSEPH NATHAN, ESQ. WILLIAM HENH? HOSKING, M.l). HENRY HAWSON SMITE, ESQ, (Manager, Bank of Australasia). \YITU I'OWER TO ADD TO IHKIK NUMBER. Bankers: THE BANK OF AUSTRALASIA. Secretary: D. MdNTOSH, Solicitor: A. R, BUNNY, Esq., Masterton, Head Office : MASTERTON. Branches: GIIEYTOWN AND TINUI. PROSPECTUS. THE association has been, formed for tho purposo of acquiring tho old established and successful General Business of Messrs' M. Caselberg & Co. at Masterton and Groytown, and Messrs Joseph Nathan & Co's Retail Business at Tinui, in the Wairarapa District, and horcaftorjto carry on a general business upon the co-operat'ivo principle under which shareholders and customers of the Association will share in the profits, according to methods to be ditemiined from time to time by the Directors, and for tho other purposes mentioned in the Memorandum of Association, a copy of which is endorsed on this prospectus. An association of this nature requires, in tho ohicf centres, commodious business premises reple'.c with facilities for economically and expeditiously carrying on the dis-. tvibuling trade. Experienced managors with a thorough knowledge of local requirements are indispensiblo for the elliccnt conduct of tl<o business, and for keeping good saleable cli an 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 to exportor otherwise dispose of the produce to the best advantage, But tho teal diffieuK ti s of all such institutions is the beginning; for they must liavo capital at command, and have such filiaucial arrangements, not only in the Colony, but in the various markets of the world, as will inspiro the utmost confidence to enable it to build up a firat-c'ass credit and good name, and thus transact business on rock bottom limits. The profits of tho Association after payment ot expenses will belong to, and, be distributed amongst the shareholders, It is at present proposed after payment <io shareholders of a dividend of 7 per ceut upon amount of paid up capital to divide partof tho balance oE tie 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, ond for the distinct object of starting or investing in such local industries iu the district, os will prove conducive to the welfare of tho shareholders, employ labour, and promote the wealth aud population of tho district, The Association will wherever suflicient inducement is ottered by settlers aud others, and subject to the consent of the 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 onlarge its sphere of usefulness, This is for irom being a speculative concern, Tho businesses of tho vendors have been carried on successfully for the last twenty-live years; aud the promoters have such confidence in the future of the Association that they oro 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 less than C per cent for the next five years, It should be plainly understood that tho promoters do not desiro now, nor in tho future, to taßo out -their capital, but to carry on the busiuess on tho new lines with Mr Caselberg at the head of affairs, assisted by all the present staff, many of whom bave been known to you for the last fifteen years, Disinterested experts will bo employed to certify that stocks have been taken at absolute cost, and all bad or old stock has been reduced io the market value or taken away altogether, Book debts taken over are guaranteed against loss by the vendors. The following contracts havo been made, namely:— 1, A contract between Messrs M, Casel-. berg & Co,, and the Association, 2, A contract between toessiß Joseph Nathan & Co., and tho Association, Applications for shares should bo made upon the accompanying form, aud forwarded to the Bcnkeiß of tho Association, together with the amount-payable on application. If uo allotment is madn the deposit will bo returned without deduction, and where the number of shares allotted is lets than the number applied for, surplus will be 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 thisprospcctus, AcopyofthoArcticles of Association, and of the contracts above mentioned may be inspected at the office of tho Asssociation's Solicitor, Dated this day of 1892. (Signed) M, CASELBERG & CO, (Signed) JOSEPH NATHAN & CO.

"THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY, SHARES. 3IE3IOIIASDUJI 01' ASSOCIATION OF TUE W AIMRAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited, (rOBMEBLY M, CASKLBEUG AND CO,) 1. Tho namo of tho Association is "The "Waihahapa fABMEna' Co-operative Association, Limited." 2. Tho Registered Ollica of the Association will bo situated in Maatertou, in tho Colony of Now Zealand, 3. The objects for which the Associate is . established ore (A.) To acquire by purchase, as a going concern tho stock in trade, property (real and personal), book debts, and good will of the business now carried on by Metsn M. Caselberg and Co., of Masterton and preytown, Storekeepers j and tho premises where that business is now being car- • tied on at Masterton and Greytown; also to acquire by purchase, as a going concern, tho stock in trade, property (real ami personal), book debts;, and good will of the retail business now carried on by Messrs Joseph Nathan & Co,, at Tinui,.m the District of Waimapa j and *o take over tie Baid businesses as going concerns, as on and from tho first day of February, 1892, and to pay for the same either by shares wholly paid up, or by shares partly paid lip, or by cash, or partly in one of Buch ways and partly in another. (n.) To accept, take over, undertake, and carry out to completion all contracts, engagements, and liabilities entered into or incurred in connection with the said business or either of tlicm, (o.) Tocarry on in the VairarapaDistrict, and elsewhere in Now Zealand, and in any. pi.-t of tho world, tho businesses of Wholesale ticnctal Merchants and Manufac- ■ turers, 'and Hetqil General Dealers and Shopkeepers, anil Farmers ami any other bushiest, trade, or occupation (whether of a similiar kind to thoso specially named or not) which the Directors may from time to timo 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 curry on any business upon. co-op t rative priuciplcs, . (o.) To "purchase stock in trade for such busi- ■ inss, from timo to time, upon 3uch termß as to the Directors shall scum fit/J