Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4066, 18 March 1892, Page 4

. PROSPECTUS,' op . The Wainrapa Farmers' Co-Operative Association, [LIMITED.]' (Formerly M, Caselborg & Co.) Incorporated under " The Companies Act, 1682," CAPITAL" 1100,000; Divided into 20,000 Slmres of £5 each, willi power to increase as required, Payable (is follows: 5s on application, 5s on allotment, 5s every three months until II is ■paid, ami the balance by calls, It is not anticipated that it will he necessary to call up any further Capital beyond £1 per Share, but in no case will further calls be made exceeding 2s Cd per month, Directors: MYERCASELBERG.Esq. . LIONEL OASELBERG, Esq. DAVID JOSEPH NATHAN, ESQ, LOUIS JOSEPH NATHAN, ESQ. WILLIAM HENKY lIOSKING, M.D. HENRY HAWSON SMITE, ES.Q, (Manager, Bank of Australasia). WITH I'OWERTOADD TOIIIEIR NUMBER; Bankers: THE BANK OF AUSTRALASIA, Secretary: D, McINTOSH, Solicitor: A, R. BUNNY, Esq., Mastorton, Head Office: MASTERTON. Branches; GREYTOWN aNDTINUI. PROSPECTUS, THE association lias been formed for the purpose ol acquiring the old established and successful General Bnsiiicss of Messrs iM. Casclbcrg k Co,, at Mastcrton and Greytown, and Messrs Joseph Nathan & Co.'a Retail Business at Timii, in the Wairarapa District, mid hcreaftcrjto cany on 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 bo determined from time to time by the Directors, and for the other purposes mentioned in the Memorandum of Association, a copy of which i 3 endorsed on this prospectus, An association of this nature requires, in the chief centres, commodious business premises repletewith facilities for economically and expeditiously carrying on the ilia-, tributing trade, Experienced managers with a thorough knowledge of local requirements are indis., pensible for the efficient conduct of the business, and for keeping good saleable clean stocks. | Jit is necessary to know in what markets, at what seasons, and in what quantities to buy theirrequirements. It is of even greater importance to know how,wli..e. and when to exportorotherwise dispose of the produce to the best advantage, But the real difficult lies of all such institutions is the beginning ; for they must have capital at command, and liave such liuancial arrangements, not only in the Colony, but in the varioas markets of the world, as will inspire the utmost conlidcnce to enable it to build up a first-c'ass credit and good name, and thus,transact business on rock bottom limits, The profits of the Association after payment of expenses will belong to, and bo 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 Die prolits amongst tli-3 shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Reserve l'mid for the equalisation of dividends, and for the distinct object of starting or investing in such local industries iu the district, as will prove conducive to the welfare of fhe shareholders, employ labour, and promote the wealth aud population of the district. The Association will wherever sufficient inducement is offered by settlers ami others, and subject to the consent of (he 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 from being a speculative concern, The businesses of the vendors have been carried 011 successfully for the last twenty-live years; and the promoters havo 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 0 per cent for the next five years. It should be plainly understood that the promoters do not desire now, nor in the Mure, to take out their capital, but to cany on the business 011 the new lines 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 bo employed to certify that stocks have been taken at absolute cost, and all bad or old stock hn3 been reduced to the market value or tilken away altogether, Book debts taken over aro guaranteed against loss by the vendors, : The following contracts have been mado, namely:— . 1, a contract between Messrs M. CaseN berg A Co,, and the Association, 2. A contract between Mcssis Joseph Nathan A Co., and the Association. Applications for shares should-.ljc made upon the accompanying foim, and forwarded to the Ctnkcts of the Association, together with the amount payable on application,, If 110 allotment is made the deposit will be returned without deduction, and where, the number of shares allotted is less than the number applied for, surplus will be credited in reduction of the amount payable on allotment. A form of Application for Shares is annexed, and a copy of the memorandum :»f Association will bo. found endorsed on this prospectus, A copy of the Arcticlea of Association, awl 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) JOjEPfl NATHAN & CO. "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES. JIEJIORAXDUJI OF ASSOCIATION* Of THE WAIRARAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited. (FOIIJIEHLV M. CASKLIIEKG AM) CO.) 1, The name of tlio Association is " The WAIKABAPA FAHMKHS* CO-OI'KIIATIVE Association, Limited." 2, The lirgistered Ollice of the Association will bo situated in Mastcrton, in the Colony of New Zealand. 3, The objects for which the Association is established aro■ (a.) To acquire by purchase, as a going concern the stock in trade, property (real and personal),' book debts, and good will of the l)uaines3 now carried on by Me?sr« M, Casclbcrg and Co., of Mastcrton and Greytown, Storekeepers ; and the prem-. iscs where that business is now being carried on at Mastcrton and Greytown; also to acquire by purchase, as a going concern, fclie itock in trade, property (real and personal), book debts,, aud good will, of the retail business now carried on by Messrs Joseph Nathan ft Co., at Tinui, in the District of Wairarapi; and 'o take over the said businesses as going concerns, as on nud from tlio first day of February, 18112, and to pay for tlio 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, (D,) To accept, take over, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or incurred in connection ivith the said busi* bus or cither of them, (c.'i To eariy ot in the Wairarapa District, and elsewhere iu New Zealand, and in auy p jrt of the world, the businesses of Wholetale aenetal Merchants and Mmufaturern, and Ketail (leueral Dealers and Shopkeepers, and Farmers aud any other busiuesf, trade, or occupation (whether of n shnilist kind to tlioao specially named or not) which the Dircctois may from time to time think it advisable to embark the '' cipiial of the Association upon or join in, and so that in, every, case the Directors akll have power to enter upon, and carry oil any business upon co-optrativo principles. , (D,) lo purchase stock in trade for sucli bunncss, from time to time, upon ;uch terms as to the Directors shall seem.fit,