Page 3 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4063, 15 March 1892, Page 3

tie Wainrapa Farmers Co-Operative Association, [LIMITED,] (Formerly 11, Caselberg & Co.) - | Incorporated under" Tho Companies Act, I ■■ 1882," CAPITAITjSIOO.OOO ; ' Divided into 20,000 Shaves of £5 each, with power to iticrense as required. Payable as follows: 5s on application, 5s on allotment, 5s every three months until £1 is paid, and the balance by calls. It ' ie not anticipated that it will he necessary to call up any further Capital beyond £1 per Shave, but in no caso will further calls be v made exceeding 2s Cd per month. Directors: ( MYER CASELBERG, Esq. LIONEL CASELBERG, Esq. DAVID JOSEPH if ATHAN, Esq. < LOUIS JOSEPH NATHAN, Esq. WILLIAM HENRY HOSKING.M.D. HENRY HAWSOjN SMITE, Esq., (Manager, Bank of Australasia). WITH POWER TO ADD TOIiIMR NUMBBB. Bankers: THE BANK OF AUSTRALASIA. Secretary; (i D. MuINTOHH, Solicitor: A. R. BUNNY, Esq., Mastorton, ( J Branches: GREYTOWNaND TINUI. THE association has been forrawl for the purpose of acquiring tho old established and successful General Business of Messrs M. Caselberg & Co.. at Mastcrton and Groytown, ami Messrs (i Joseph Nathan & Co.'s Retail Business at Tinui, in the Wairarapa District, and lorcafterjto carry oh a general business upon the co-operative; principle under which /, shareholders and customers of the Association will share in the profits, according; to methods to he determined from time to h time by tho 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 the chief centres, commodious business premises repletcwith facilities for cconomi- ~ cally and expeditiously carrying on the die-, trihuting trade. Experienced managers with a thorough j, knowledge of local requirements aro indis- 5, pensible for tho ellic.ent 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 theirrequirtnients. It is of even greater importance to know how, where, and when to exportor otherwise dispose of the produce to the beat advantage. But the real difficulty 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 tho world, as will mspiie the utmost conliilence to enable 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 ot expenses will belong to, and be distributed amongst the shareholders. It is at present proposed after payment to shareholders of a dividend of 7 per cont upon amount of paid up capital to divide part of the balance of the prolits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a lteserve Fund for the equalisation of dividends, and for the distinct object of starting or investing in such local industries in the district, as will prove conducive to the welfare of the shareholders, employ labour, and promote tho wealth and population of tho district. The Association will wherever . Buflioicntiuduccmont is offered by settlers and others, and subject to the consent of the shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus bysluring the cost oi management and conduct of business, reduce expenses and enlarge its Sphere of usefulness, This is far iroui being n speculative concern, 'I ho businesses of iho vendors have been carried on successfully for the last twenty-live years; and the promoters have such confidence in the 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 G per cent for the next five years, it should be plainly understood that the promoters do not desire now, nor in tho future, to take out their capital, but to cariy on the business on the new lines with Mr Caselberg nt the head of affairs, assisted by all tho 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 been taken at absolute cost, and all bad or old stock has been reduced to the market value or taken away altogether, Book debts taken over aro guaranteed against loss by the vendors. The following contracts have been made, namely ;- .1, A contract between Messrs M. Casclberg & Co,, and the Association, • 2, A contract between llessis Josejm Nathan & Co., and the Association, Applications for shares should be made upon the accompanying form, and forwarded to the Btnkeis of the 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 tho number applied for, surplus will bo credited in reduction of the amount payable on allotment, A form of Application for Shaves is annexed, and a copy of the memornnd nn of Association will be found endorsed on this prospectus, AcopyofthcArctioles of Association, and of the contracts above mentioned may be inspected at the office of the Asssociation's Solicitors, Dated this day of 1892. (Signcd).ILCASELBEItGiCO. (Signed) JOSEPH NATHAN & CO, ' "THE COSITANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES. MEMORANDUM OV ASSOCIATION' OF HIE WAIRARAPA FARMERS' 00-OPER. ATIVE ASSOCIATION, Limited, (I'OBJIEiaV)I, CABKLBERG AM) CO.) 1, The namo of tho Association is " Tiik W.UHARAPA, FARMERS 1 Co-OI'KRATIVE Association, Limited, " 2, Tho Registered Office of tho Association will bo situated hi Masterton, in.the Colony of Now Zealand. ' : 3, The objects for which the Association is established ore ; (a.) To acquire by purchaso, as a going concern .. the stock in trade, property (real and personal), ' book debts, and good will of the business now ■carried-on by Mossr« M. Caselberg and Co., of Mastcrton and Groytown, Storekeepers; and the premises wliero that business is no* being carried on at Mastcrton aud Grey town j also . to acquire by purchase, a3 a going concern, the stock in trade, property (real and personal), book debts;, and goodwill of tho retail business now carried on by Messrs ■ Joseph. Nathan k Co., at Tinui, m tho District of Wairarapa;' and *o take over the said businesses as going'conccrns, as on aud from the first day of February, 1892, and to pay for the same cither 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 ivitli the said - bueiness or either of them. (ft) To carry en in the Wairarapa District, and . '• elsewhere in Now -Zealand, and in any pt't of the world; tho busincßsesof Whole- . sale Uenoial Merchants and Manufnt- ■ hirers, and Retail General Dealers and Shopkeepers, and-Farmcrs and any other busincsi, trade, or occupation (whether of a similiar kind to those specially named or .' hot) which the Directors may from timo to time think it advisable to embark the capital of the AsspciationAipon or join in, and so. that in every case the Directors ' shall have power to enter.upon,'and.carry on any business npon c'o-optrative principles, (h.) To purchase stock in trado for suoh business, f rem; titno to time,' upon 3uch terms BstothePitcgto'jßsballs'Mniat, I