Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4065, 17 March 1892, Page 4

The Wainrapa Farmers' Co-Operative Association, [LIMITED.] (Formerly M, Caselberg & Co.) Incorporated under" Tho Companies Act, 1852." OAHTAM100,000; Divided into 20,000 Shares of £5 oacb, with power to increase as required, Payable as follows.: Bs on application, 5s on allotment, 5s every three months until £1 is paid, and tho balance by calls, It ig 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 23 Cdpor moatb. Directors: MYER CASELBERG, Esq. LIONEL CASELBERG, Esq. DAVID JOSEPH NATHAN, Esq. LOUIS JOSEPH NATHAN, Esq, WILLIAM HENM HOSKIHO, M.D. HENRY HAWSON SMITH, Esq, (Manager, Bank of Australasia). WITH TOWER 10 ADD TO THEIR NUMBER. Bankers: THE BANK OF AUSTRALASIA. Secretary: D, MuIHTOSH. ■ Solicitor: A. R. BUNNY, Esq,, Mastorton, Head Office: MASTERTON. Branches: GREYTOWNaND TINUI. TEE association has been formed for the purpose ol acquiring tho old established and successful General Business of Messrs M, Caselbeig & Co., at Masterton and Groytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Wairarapa District, and hereafterjto 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 time to 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 repletewilh facilities for economically and expeditiously carrying on the disi tributing trade. Experienced managers with a thorough knowledge of local requirements are intepcnsible for the cflicient conduct of the business, and for keeping good saleable clean stocks, | |lt is necessary to know in what markets, at what seasons, and in what quantities to buy thoir reqnirementa. It is of even greator importance to know how,whtie, and when to exportor otherwise dispose of the produce to the best advantage, But the real difficulties of all such institutions is the beginning; for they must have capital at command, and bave such financial arrange-, ments, not only in the Colony, but in the various markets of the world, as will inspiro the utmost confidence to enable it to build up a first-class credit and good name, and thus transact business on rook bottom limits, The profits of the Association after payment of 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 cent upon amount of paid up capital to divide part of the balance of the profits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Eeserve 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 the wealth and population of the district. The Association will wherever Buflicientinducement is offered by settlers nnd others, and subject to tho consent of the shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing the cost of management and conduot 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-five years; and tho promoters have such confidence in tho future of the Association that they are prepared, so long as Mr Caselberg is allowed a controlling voico in the management of the concern as heretofore, to guarantco a dividend of not less than 0 per cent for the next five years, It should be 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 new lines with Mr Caselberg at 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 bo employed to certify that stocks have been taken at absolute cost, and all bad or old stock hru been reduced to tho market value or taken away altogether. Book debts taken over are guaranteed against loss by the vendors. The following contracts havo been made, namely:— 1, A contract between Messrs M. Caselberg & Co,, and the Association, 2, A contract between llessis Joseph Nathan & Co., and the Association. Applications for shares should bo made upon the accompanying form, and forwarded to the Bankers of tho Association, together with tho amount payable on application. If no allotment is madu the deposit will be returned without deduction, and whero tho number of shares allotted i 3 less than the number applied for, surplus will be credited in reduction of tho amount payable on allotment. A form ot Application for Shares is annexed, and a copy of the memorandum of Association will ho found endorsed on this prospectus. A copy of the Arcticles 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, (Bigned) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES. M3MOHAXDUJI Of ASSOCIATION OF THE WAIRARAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited, (FOBJIEItLV J|. CABELBEKC AND CO.) 1, Tho name of the Association is " Tim Vaihaiiata Farjieiis' Cn-oraiiATivE Association, Limited." 2, Tho Registered Office of the Association will be situated in Masterton, in the Colony of Now Zealand. 3, The objects for which tho Association is established ore : (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 Me>sr< M, Caselberg and Co., of Masterton and Crcytown, Storekeepers; and tho premises where that business is noiv being carried on at Masterton and Greytown j 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 ,lo»cph Nathan & Co,, at Tinui, in the District of AVairarap.i; and *o take over the said businesses as going concerns, as on aud from tlio first day of February, 181)2, 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, ( (rj.) To accept, take over, undertake, and cany out to completion all contracts, engage' ■ ments, and liabilities entered into or incurred in connection with the said business or cither of tliem. (0.) Tocarry on in the Wairarapa District, and elsewhere in New Zealand, aud in any pirtof theworld, the businesses of Whole- , sale Uenotal Merchants and Manufactured, and Ectail General Dealers and Shopkeepers, and Fanners and any other business, trade, or occupation (whether of a«imiliat kind to those specially named or not) which the Directors may from time to time think it advisable t° embark the capital of the Association upon or join in, and so that in every case the Directors »hall have power to enter upon, and carry on any business upon co-opuative priu•ciples, {D.) To purchase stock in trade for such business, from time to time, upon such terms ' as to the Directors shall seem it, \