Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4061, 12 March 1892, Page 4

9KOSPECTU3 ■ ° P ' Co-Operative Association, [LIMITED,] (Formerly M, Caselberg & Co.) Incorporated under " Tho Companies Act, 1682," ; CAPITAL" £100,000; Divided into 20,000 Shares of £5 each, with power to increase as re* , quired. Payable as follows: 5s ' on application, 5s on allotment, 5s every three months until £1 ia paid, and the balance by calls, It is not anticipated that it will be necessary to call up any further Capital beyond Jl per ShareVbut ■ in no esse will further calls be ~ made exceeding 2s Gd per month, Directors: MYER CASELBERG, ESQ. LIONEL CASELBERG, Esq. DAVID JOSEPH NATHAN, Eao. LOUIS JOSEPH NATHAN, Esq. WILLIAM HENlty HOSKING, M.D. HENRY HAWSON SMITH, Esq., (Manager, Bank of Australasia). WITH POWER 10 ADD TO THEIR NUMBER, Bankers; THE BANK OF AUSTRALASIA, Secretary: D. MoINTOSH, Solicitor: A, R, BUNNY, Esq., Maaterton, Head Office: MASTERTON. Branches: GREYTOWN aNDTINUI, . PROSPECTUS, THE association has been formed for the purpose of acquiring the old established and successful General Business of, Messr- M< Caselberg & Co,, at Masterton and Grey town, and Messrs Joseph Nathan & Co.'a Retail Business at Tinui,, in the Wairarapa District, and hereaf terjto carry on a general business upon the co-operativo principle under which shareholders and customers of the Association will share in the profits, acoording to methods to be determined from time to time by the liireotors, 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 ohief centres,', commodious business premises repletewith facilities for economically and expeditiously carrying on the tributing trade, Experienced managers with a thorough knowledge of local requirements are into. pensible for the effioient 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 their requirements. It is of even greater importance to know how, where, and when to eiportor otherwiso dispose o! the produce to the'best advantage, But the real difficult ties of all suok institutions is the beginning; for they must have capital at command, and have Buoh fluanoial arrangements, not only in tho Colony, but in the various markets ' of the world,' as will inspire the utmost confidence to enable it to build up a firat-olasa credit and good narno, and thus transact business on rdok bottom limits. ; The profits of the Association after payment ot expenses will belong to, and. be distributed amongst the shareholders.. It is at presertt proposed after' payment to shareholders of a dividend of 7 per cent upon amount of paid up oapital to divide part of ihe balance of the profits amongst the shareholders/ acoording to the; amount of businessdono by eaoh, aud a bonus to employees, and to carry part to a Reserve Fund for the equalisation of dividouds, and for the distinct,object of starting or invest-, ing in such local industries in the district, as will prove conducivo to the welfare of tho shareholders, employ labour, and promote the wealth aud population of ihe district. The Association will wherever suffioientinducementis offered by Bottlers and others, and subjeot to the consent of the shareholders, endeavour to ally itself, or amalgamate, with similar'institutions,'' and thus by sharing the cost of management and conduot of bußinessj reduce expenses and enlarge its sphere ot usefulness. This is far from being a speculative concern,' The businesses of the vendors have been carried on successfully for the last twenty-five years j and the promoters have such confidence in the future of tho Association that they are prepared, so long as Mr Caselberg is; allowed a controlling voice in the management of the concern as hereto*, foro, to guarantee a dividend of not less than G per cent for the next five years, It should be plainly understood that tho promoters do not desire now, nor in the future, to take out their oapital, but to car,y on the business on tlienewlines with Mr Caselberg at the head of affairs, assisted by all the . present staff, many of whom have been known to you for the last fifteen years, Disinterested experts will be employed to certify that stocks have beon taken at absolute coat, and all bad or old stuck has been reduoed io the markot value or taken away altogether, Book debts taken over are guaranteed against loss by the vendors. Tho following contracts have been made, namely:— 1, A contract between Messrs M. Caselberg&i'o,, and tho Association, 2, A'contraot between taessis Joseph _ Nathan & Co., and the Association. Applications for shares should be made upon the accompanying iorm, and forwarded to the Bankers of the Association, together with tho amount payable on application, If. no allotment is made the deposit will ba returned without dodua< tion, and .where , the numbor.of shares allotted is less than tho number applied for, eurplua will be credited in reduction of the amount payable on allotment, A form of Application for Shares is' an-' nesed, and a copy of the memorandum of Association will be' found endorsed on tbisproapeotus,. A oopy of the Aroticles of AEsooiation, and of the contracts above mentioned may be inspected at the office of the Asssociation's Solicitors, Dated this day of 1892, (Signed) M, CASELBERG & CO, (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES, ' MEMOnAKDUJ! 01' ASSOCIATION 01' THE WAIItARAPA FARMERS' CO-OPER. ATIVE ASSOCIATION. Limited, (FOBHEBLY JI,- CASELBERG AND CO,) 1, Tho pamo .of the Association is " The Waibarapa Farmers' Co-operative Association, Limited," 2, The Registered Office of tho Association will bo situated in Masterton, in the Colony of Now Zealand, 3, The objects for which the Association is established are (a.) To acquire by purchase, as a going concern . tbe.stock in trade, property (real and per-v-sonal), book debts, and good will of the , business now carried on by Me»s« M. Caselberg and .Co.,' of Masterton and Greytown, Storekeepers j and tho premises where that.buainesa is now boing carried on at Masterton and Grey town; also to acquire by purchase, as a going concern, tho stock in trade, property (real and perBona!), book debts;, and good will of tho . retail business now carried ,on by Messrs Joseph Nathan b Oo„ at Tinui, mtke District of AVairarapa; and to take over thejsaid 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 ahares partly paid up, or bv cash, or. partly in one of such ways and partly in another. (B,) Toaccept,- take over; undertake, and cany out to completion: all coatraots, engagements, and liabilities entered into or incurred in connection with the said business or cither of them. ' ', (o.) To carry ot in the Wairarapa District, and . elsewhere in New Zealand, and in any part of the world, the businesses of Whole- : sale Ueuotal Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers and any other . businesi, trade, or occupation (whether of a simihar kind to thoso specially named or , not) which the Directors may fromtimo to time think it advisable to embark tho ; oapital of tho Association upon or join in and so that in every case tho Directors ' shall have ower. to enter upon, and carry on any business upon co-optrativo principles, (d,) To purchase stock in trade for such business, from time to time, upon such terms as to the Directors shall seem '' v