Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4068, 21 March 1892, Page 4

PROSPECTUS OP The Wainrapa Farmers': . Co-Operative Association, [LIMITED.] (Formerly M, Casolborg & Co,) Incorporated under" Tho Companies Act, 1682," ; Divided into 20,000 Shaves of £5 oaoh, with power to increase as required. Payable as follows: 5s on application, 5s on allotment, 5s every three months until J6l is paid, ami tho 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 further calls be made exceeding 2s Gd per month. Directors: MYER CASELBERG, ESQ. LIONEL CASELBERG, ESQ. i DAVID JOSEPH NATHAN, Esq. ; LOUIS JOSEPH NATHAN, Esq. WILLIAM HENKf HOSKING, M.D. HENRY HAWSON SMITB, Esq., (Manager, Bank of Australasia). .WITH POWER 10 ADD TO IHKIR NDMRER. Bankers: THE BANK OP AUSTRALASIA. Secretary: D, MoINTOSH. Solicitor; A, R, BUNNY, Esq., Masterton, Head Office: MASTERTON, 'Branches: GREYTOWN AND TINUI, PROSPECTUS. THE association has been formed for tho purpose of acquiring the old established and successful General Business of Messrs M. Caselberg & Co., at Mastorton and Greytown, and Messrs Joseph Nathan & Co.'e Retail Business at Tinui, in the Wairarapa Diatriot, andherenfterjto carry on a general business upon tho co-operative principle under which shareholders ond 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 lit Association, a copy of which is endorsed on thia prospectus. An association of this nature requires, in the ohief centres, commodious business premises repletewith facilities for economically and expeditiously carrying on the dia-. tributing trade. Experienced managetß with a thorough knowledge of looal requirements are indis. pensible for the efficient conduct ol the business, and for keeping good saleable dean stocks. It is necessary to know in what markets at what seasons, and in what quantities to buy their requirements. It is of even greater importance to know how, where, and when to export or 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 have such financial arrangements, not only in tho Colony, but in the various markets of the world, as mil inspire the utmost confidence to enoble it to build up a first-class credit and good name, and thus transact business on rook bottom limits. Tho profits of the Association after payment oi expenses will belong, to, and be distributed amongst the shareholders. It is at present proposed aftor 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 tho shareholders, according to the amount of business done by eacli, and a bonuß to employees, and to carry part to a Kcserve Fund for the equalisation of dividends, and for tho 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 aud population of the district. The Association will wherever sufficientindnoement is offered by eettlerß and others, and subject to tho oonsent of tho shareholder!, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing the cost of management and conduct of businoss, reducß expenses and enlarge its sphere of usefulness, This is far from being a speculative ooncern, The businesses of tho vendors have been carried, on successfully for the laßt twenty-five 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 guaranteo a dividend of not less than 6 per cent for the nest 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 eariy op the business on tho now lines with Mr Caselberg attlieheod of affairs, assisted by all tho present Btafi, many of ffhom have been known to you for the last fifteen years, Disinterested experts will be employed to certify that stocks have been taken at abso luto cost, and all bad or old stook has been reduced to the market value or taken away altogether. Book debts taken over aro guaranteed against losb by the vendors. The following contracts have been made, namely:— 1, a contract between Messrs M. Casol-. berg & c"o„ and the Association, 2, A contract between taessis Joseph Nathan & Co., and the Assodation, Applications for shares should bVmndc upon tho accompanying form, and forwarded to the Bcnkeis of tho Association, together with the amount payable on application, If no allotment is madn the deposit will bo returned without deduction, and where the number of shares allotted is less than the number applied for, surplus will be credited in rcduotion of the amount payable on allotment, A form of Application for Shares is annexed, antl a copy pf t|jo moprpnddm of Association will be found endorsed pn his prospectus. A copy of the Arcticles pf Association, and of the contracts above mentioned piay be inspected at the office of the Asssociation's Sohoitorj,, Dated this day of 1803, ' (Signed) ILCABELBERQ # CO, (Signed) JOsEPH NATHAN i CO, "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES. JIEMORANDUSIOF ASSOCIATION OP THE WAIRARAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited. (FORMERLY M. OASELBEHG AND CO,) 1, Tho name of the Association is " Thk Wairaram FARMERS' 'Co-oiTOiiyE Association, Limited," 2, The Registered Office of the Association will be situated in Masterton, in the Colony of Now Zealand. 3, The objects for whicli 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 tho business now carried on by Meats M, Caselberg and Co., of Masterton and Greytown, Storekeepers j and tho premisesivhero that business is noiv being carried on at Masterton and Greytown; 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' tarried 'oii by Messrs Joseph Nathan & Co,, at Tinui, in the District of Wairarapa; ond to take over the said bmingsjes as going concerns, as on aud from the first day of feljruary, 1892, and to pay for tho. samo either by shares wholly paid up, or by shares partly paid up, or by cash, or partly in one v bf such ways and partly in another. (d.) To accept, take over, undertake, aad carry Plit to completion all contracts, engagements, and liabilities entered into or in? . currcd in connection with tjio said business or either of them, (o.) To carry on in the Wairarapa District, and elsewhere in New Zealand, and in any pj.-t of the world, the biisineßses of .Wholesale tlencml Merchants and Mihufat,turera, and Retail General Dealers and Shopkeepers, and Farmers and any other business, trade, or occupation (whether of a firailiar kind to those specially named or i not) which -the Directors may from time to time think it advisable fo enjbark the : capital of the Association upon or join in, and so that in every case tho Directors shall have power to.cnter upon,'and curry. . on any business upon ;cd-op;ratiyo/prin- '; clples. ; ■' v.-' ''' (d.) To purchase stock in frado forisuch business, from timo to tine, upon such terms ' as to the Diieotorg sbal) fit