Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4064, 16 March 1892, Page 4

PItOSPECTUS O!' The Wairopa Farmers' Co-Operative Association, [LIMITED.] (Formerly 11, Casclborg & Co.) Incorporated under " The Companies Act, 1882," CAPITAL, £100,000 ; Divided into 20,000 Shaves of £5 each, Willi power to increase as required, Payable as follows: Cs on application, 5s on allotment, Caevery three montliauntil £1 is paid, and the balance by calls. It is not anticipated that it will bo necessary to call up any further Capital beyond .£1 per Share, but in no caso will further calls be made exceeding 2s Gd per month, MYERCASELBERG.Esq. LIONEL CASELBERG, Esq. DAVID JOSEPH NATHAN, Esq. LOUIS JOSEPH NATHAN, Esq, WILLIAM HENRY HOSKING, M.D. HENRY HAWBON SMITE, Esq., (Manager, Bank of Australasia). WITH FOWER TO ADD TO TIIEIR NUMBER, Bankers: THE BANK OF AUSTRALA SI A. Secretary: D, MoINTOSH. Solicitor: A, R. BUNNY, Esq., Maaterton. Head Office: MASTERTON. Branches: GREYTOWNaNDTINUL THE association has been _ formed for the purpose of acquiring tho old established and sucoosaful General Business of Messrs M. Cnselberg & Co,, at Masterton and Grevtown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Wairarapa District, and hereafterjto carry on a general business upon tho co-operativo principle under which Bhareholders and customers of the Association will share in the profits, according to methods to be determined from time to time 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 the chief centres, commodious business premises rcplctcwilh facilities for economically and expeditiously carrying on the dis-. tributing trade. Experienced managers with a thorough knowledge of local requirements aro indis., pensible for the efficient conduct of the business, and for keeping good saleable clean stocks,

I jit ia necessary to know in what markets, at what seasons, and in what quantities to buy theirrequirements. Itisofeiougreater importance to know how, where, and when to export or otherwise dispose of the produce to the best advantage, But the real difficulties ot all Buch institutions ia the beginning; tor they must have capital at command, and have such financial arrangements, not only in the Colony, but in the various markets ot the world, as mil inspire the utmost confidence to enable it to build up a first-class oredit and good name, and thus transact business on rock bottom limits, The profits ot the Association after payment of expenses will belong to, and be distributed amongst the shareholders. It is at present proposed after payment to shareholders o! a dividend of 7 per cent npon amount of paid up capital to divide part of tho balanoo of the prolits amongst tho shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Deserve 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 tho shareholders, employ labour, and promote tho wealth and population of the district, The Association will wherever auDicient inducement 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 by sharing the cost of management and conduct of business, reduce expenses and enlarge its sphere of usefulness, This is far ironi being a speculative.concern. The businesses of the vendors have been carried on successfully for tho last twenty-five years; and the promoters have such confidence in tho future of the Association that they are prepared, so long as Mr Caselbcrg 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 live years, It should be plainly understood that tho promoters do not desire now, nor in the future, to take out their capital, but to carry on the business on the now lines with Mr Caselberg at the head of affairs, assisted by all the present staff, many of whom bavo 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 to the market value or taken away altogether. Book debts taken over are guaranteed against loss by the vendors, The following contracts have been made, namely:— 1, A contract between Messrs M. Caselberg & 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 Bsnkeis of the. Association, together with the amount payable on application, It no allotment is made, the deposit will be returned without deduction, and whero the number of shares allotted is less than tho number applied for, surplus will be credited in reduction of tho 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 this prospectus. A copy of the Arctiolea of Association, and of the contracts above mentioned may be inspected at the office of the Asssocintion'a Solicitors. Dated this day of 1892. (Signed) M, CAHELBERG & CO, (Signed) JOSEPH NATHAN & CO. "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHABES, MEMORANDUM OK ASSOCIATION OK THE WAIKARAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited, (formerly, m. caselberg and co.) 1, Tho namo of the Association is " TllK Wairarafa Farmers' Co-operative Association, Limited." 2, Tho Registered Office of the Association will bo situated in Mastcrlon, in tho Colony of New Zealand, 3, The objects for which the Association is established arc : (a,) To acquire by purchase, as a going concern the stock in trade, property (real and personal), book debts, and good will of tho business now carried on by Mcpsm M. Caselberg and Co,, of Masterton and Creytown, Storekeepers; and the promises whero that business is no iv being carried on ot Masterton and Grey town; also to acquire by purchase, as a goiug concern, the stock in trade, property (real and personal), book debts;, nnd good will of tbo retail business now carried on by Messrs Joseph Nathan k Co., at Tinui, in tho Iliitrict of Vairarapa j and to take over the saidbusinessoj as going concerns, as on aud from tbo first day of February, 18!)2, and to pay for the samo either by shares wholly paid up, or by shares partly paid up, or by cash, or partly in one of such wayß and partly in another, (B,) To accept, take over, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or uv curred in connection with the said busine« or either of them, (c.) To carry on in tho Vairarapa District, and elsawbere in New Zealand, and in any pirfc of the world, the businesses of Wholesale Ueueial Merchants and Manufacturers, and Retail General Dealers 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 timo think it advisable to embark tho capital of the Association upon or join in, nnd so that in every case the Directors shall have power to enter upon, and carry on any business upon co-op '"'" "-••- ciples. , , , , . Id,) To purchase stock m trade for am ness, from time to time, upon such terms v $s to the Directors shall seem fit,