Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4062, 14 March 1892, Page 4

Jo-Operative Association, [LIMITED,] (Formerly M, Caselberg & Co.) ncorporotcd undoi" The Companies Aot, . 1682," CAPITAL, 1100,000; Divided into 20,000 Shaves of £5 each*' ■Willi power to increase as required. Payable as follows : 5s oil'application, 5s on allotment, 5s everyithree 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 farther calls be made exceeding 2s 6d per month, Directors: MYER CASELBERG, ESQ. LIONEL CASELBERG, ESQ. DAVID JOSEPH JVATHAN, Esq. LOUIS JOSEPH NATHAN, ESQ. WILLIAM HENRY HOSRING, M.D, HENRY HAWSON SMITE, ESQ., (r (o (i (I (i (i ( (: WITH POWER TO ADD TO IHEIH NUMBER; Bankers: THE BANK OF AUSTRALASIA, Secretary: D, McINTOSH. Solicitor: A. R,BUNNY, Esq,, Masterton, MASTERTON. Branches: GREYTOWN aND TINUI. PROSPECTUS, 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 Groytown, and Messrs Joseph Natlian & Co.'s Retail Business at Tinui, in the Wairarapa District, and hercaftei'ito carry on a general business upon the co-operativo principle under which shareholders and customers of the Association will share in the profits, according to methods to be determined from timo totime by the Directors, and for the other' purposes mentioned in the Memorandum of Association, a copy of which is endorsed on association of thisnaturo requires, in the chief centres, commodious business premises replotewith facilities for economically and expeditiously carrying on the distributing trade. Experienced managers with a thorough knowledge of local requirements arc indis. pensiblo for tho efficient conduct of the business, and for keeping good saleablo clean stocks, It is necessary to know in what markets, at what seasons, and in what quantities buy theirrequirements. It is of oven greater importance to know how, where, and when to the best advantage, Gut the teal difficulties of all such institutions is the begin, ning i for they must havo capital at command, and have bucli financial arrangements, not only in the Colony, but in the various markets of tho world, as will build up a first-class credit and good name, and thus transact business on rock bottom limits, The profits of tho Association after pay, ment of expenses will belong to, and b< distributed amongst the shareholders, It is at present proposed after payment shareholders of a dividend of 7 per cent upon amount of paid up capital to divide partofthebalancoof the prolits amongst the shareholders, according to the amount to employees, and to carry part to a Reserve Fund for the equalisation of dividends, and for the distinct object of starting or inrest- _ in such local industries in the dislriot, na"will prove conducive to the welfare of tho 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 tho consent of the shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing tho cost of management conduot of business, reduce This is far from being a speculative ooncorn. Tho businesses of the vendors haVe been carried on successfully for the last twenty-five years; and tho promoters havo such confidence in tho future of the Association that they are 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 6 per oent for the next five years, It should bo plainly understood that the promoters do not desire now, nor in the future, to take out their capital, but to carry on tho business on the now linos with Mr Caselberg at the head of affairs, assisted by all the present staff, many of whom years, at i lute cost, and all bad or old stock has been reduocd to the market value or taken away altogether, Book debts taken over arc guaranteed i r The following contracts have been made, ,melyi—1, A contract between Messrs M. CaseU berg & Co,, and the Association, 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 Bankets of tho Association, together with the amount payable on application. If no allotment, is made the deposit will bo returned without deduction, and. where the number of shares allotted i 3 less than the number applied for, surplus will be credited in reduction of the nount payable on allotment. A form oi Application for Shares is anixed, and a copy of the memorandum of isolation will bo found endorsed on this prospectus, A copy of the Arctioles, of Association, 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, MEMORANDUM OP ASSOCIATION OP THE WAIKARAPA.FABMERB' CO-OPER. ATIYE ASSOCIATION, LIMITED, (FOBMEBDY M, OASELBEIIG AND CO.) 1, Tho name of the Association is "Thi Waibarapa' Farmers' Co-operativi Association, limited," 2, The Ecgistcred Office of tho Association will bo situated in Masterton,' in the Colony of Now Zealand. 3, The objects for which tho Association it established are (A.) To acquire by purchase, as a going concern th{ stock in trade, property (real and personal), book debts, and good will of, the business now carried on by. MesßriiM. Caselberg and Co,, of Masterton and Grcytown, Storekeepers; and the premises where that business is now being carried on at Masterton and Greytownj also to acquiroby purchase, as a going concern, tho stock in trade, property (real and personal), book debts;, and good will of tho retail business now earned on by Messrs Jonoph Nathan & Co., at Tinui, in the District of 'Wairarapa; and to'take over the said businesses as going concerns, as on and from the first day of February, 1832, and to pay for the same cither by shares wholly paid up, or by shares partly paid up, or by casli," or partly in one of such ways and partly in another. . (b.) Toaccept, takeover, undertake, : and cany out to completion all contracts, engagements, and liabilities entered into ot incurred in connection with the said business or either of them. (o.) To carry on in the Wairarapa District, and elsewhere in New Zealand, aiul in any pirt of the world, the businesses of Wholesale Uenetal Merchants and Manufacturers, and Retail General Doalere and Shopkeepers, and Farmers and any other business, trade, or occupation (whether of a similiar kind to those specially named or not) which the 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, case the Directors shall have power to enter upon, and carry on any .business upon 00-op»rafive principles. • ' (d.) To purchase stock in trade for such busi- ■ .ness, from time to time, upon auoh terms --1- IV " r,: -' AU -" getw fit, ' '