Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4060, 11 March 1892, Page 4

. .. ..RBOBPBOIUS;-■■■;■■-;'■■ " ■ .••'■• ..■'.- of ; ; The Wainrapa Farmers' Co-Operative, Association, . [LIMITED.] .. ~'.'', (Formerly M, Casolberg & Co.) Incorporated under " The Companies Aot, .< 1882." . CAPITAL, £100,000; Divided into 20,000 Shares of £5 eaob, with power to inorense as re« quired. Payable as follows: 5s on application, 6s on' allotment, Es 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 Directors: MYEROAHELBERG.Esq. LIONEL OASELBERG.Ebq. DAVID JOSEPH NATHAN. Esq. LOUIS JOSEPH NATHAN, Esq. WILLIAM HENRY HOSKINa, M.D. HENRY HAWSON SMITE, Esq.', . (Manager, Bank of Australasia). WITH POWER 10 ADD TO IHEIR NDMBEB, THE BANK OF AUSTRALASIA. Secretary: D.MoINTOSH. Solicitor: A, R, BUNNY, Esq., Maaterton, Head Office: MASTERTON. Branches: GREYTOWNaNDTINUI. THE association has been formed for the purpose of acquiring the old established and successful General Business of Messrs M. Caaelberg & C 6„ at Masterton and. Grey town, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Wairarapa District, and Wnftnttn parr? n„ „ „«m»rnl tnuimu. „ the co-operative principle under which shareholders and customers of the Association will share in tho profits, according to methods to lie determined from time to timo by the Directors,- and for the 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 chief centres, commodious business premises repletewith facilities for economically and expeditiously carrying on the disi tributing trade, Experienced managers with a thorough knowledge of local requirements are indis.. pensible for the efficient conduct of the 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 thoirrequirements. It is of even greater importance to know how, where, and when to oxportor otherwise dispose of the produce to the beat advantage, But the real difficuK tics of all Buoh institutions is tho beginning; for they must haveoapital at command, and bave such fioanoial arrangements, not only in tho Colony, but in the various markets of the world, as will inspiro the utmost confidence tocnablo 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 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 profits amongst the shareholders, according to tho, amount of business done by each, and a bonus to employees, and to oarry part to a Reserve Fund for the equalisation of dividends, and for the distiqot object of starting or investing in suoh local industries in the district, as will prove oonduoivo to the welfare of the shareholders, employ labour, and promote the wealth and population o{ the district, _ The Assbojatign will wherever sufficient inducement is offered by settlers and others, and subjoot to tho consent ol 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 enlarge its sphere of usefulness, This is far from being a speculative concern, The businesses of the vendors have been carried on successfully for the last twenty-rivp years j and tho promoters have such confidence in the future of the Association that they are prepared, bo long as Mr Caaelberg is allowed a controlling voice in the management of tho concern as hereto, fore, 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 tal;e out their capital, but to oamf on the business on thonewlines with Mr Caselberg at tho heed of affairs, assisted by all the present staff, many of whom bave been known to you for the last fifteen years.

Disinterested experts will be employed to certify that stocks have-on, taken at absoluto cost, and all bad or old stock has beon reduced to the market value or taken away altogether, Book debts taken over tiro guaranteed against loss by the vendors. The following oontraots have been made, namely:— 1, A contract botweon Messrs ILCaseU berg<K'o,i and the Asaoniation, 2. A contract between Messis Joseph Nathan * Co,, and the Association, Applications for shares should be made upon the accompanying form, and forwarded to the Bsnliora of the Association, together with the amount payablo on application. If no allotment is made the deposit will be returned without deduction, and where the number of shares allotted is lesg than the number applied for, surplus will be credited in reduotion of tbo amount payable on allotment, A form of Application for Shares is, annexedj and a copy of the memorandum of Association will bo found ondorsed on thisprospeotiw, AoopyoftheAroticles of Association, and of the contracts above mentioned may be inspected at the office of the Asssociation's Solicitors, Bated this . day .of 1892. (Signed) M, CABELBERG & CO, (Signed) JOSEPH NATHAN & CO. "THE COMPANIES AOT, 1882,". ASSOCIATION LIMITED BY SHARES, MKMOHASDOM OF ASSOCIATION OF THE WAIIiARAPA FARMERS' cooper. ATIVE ASSOCIATION, Limited, (FOBJIHUTM, OASEMERO AND CO,) 1, The name of the Association is "The Waiiubapa Farmers' Co-operative assooiation, lljiiied," 2, Tho Registered Office of the Association will be .situated in Masterton, in tbo Colony of New Zealand, 3, The objects for which the Association is established are : (a,) To acquire by purchase, as a going concern the stock in trade, property (real and personal), book debts, and good will of the business now. carried on by Messri M, Caselborg and Co., of Masterton and Greytown, Storekeepers; and the premises whore that business is now being carried on at Masterton and Greytown i also to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts;, and good will of the retail business now carried on by Messrs Joseph Nathan & Co,, .at Tinui, in the District of TCrarapa J and to take over the said businesses as going concerns, as on and from the first day of February, 1892, and to pay for the same 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 cany out to completion all contracts, engagements, and liabilities entered into or incurred in connection with the said business or either of them. c.) To,carry on in the WairarapaDiitriot, and elsewhere in New Zealand, and in any sale General Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers and any other busines», trade, or occupation (whether of a similiar kind to those specially named or not) which tho Directors may from time to time think it advisable to embark the capital of the Association upon or join in and so that in every caso the Directors shaU have power to enter upon, and carry on any business upon co-optrative principles, • -■ ■ |D.) To purchase stock in trade for such busi. ; ness, from.time to time, upon suob terms l as to the Directors shall seemit.-' I