Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4069, 22 March 1892, Page 4

PROSPECTUS OF rhe Wairirapa Farmers' o-Operative Association, : , ; [LIMITED.] ; (Formerly M, Caselborg & Co.) under" The Companies Act, : 1682." ■ : CAPITAM100.000; ■ivided into 20,000 Shares of £6 oaoli, Yfiih power to increase as required. Payableas follows:-5s on application, 5s on allotment, 68 every three months until £1 is paid, and the 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' 6d per month ~ Directors: UYER OAaELBERG, ESQ. . LIONEL OASELBERG, Esq. DAVID JOSEPH NATHAN, Esq, LOUIS,JOSEPH NATHAN, ESQ, . WILLIAM HENK? HOSKING, M.D, HENRY HAWSON SMITE, Esq., (Manager, Bank of Australasia). WITH POWER 10 ADD TO IHBIR NUMBER, Bankers: THE BANK OF AUSTRALASIA. Secretary: ' D.HoINTOSH. ' (F (o (1 (1 A. R. BUNNY, Esq., Maatarton. MASTERTUN. "RvcmpTlPH • • GREYTOWN ANDTINUI. PKOSPECTUS, THE sssooiation has been•_ formoS' for •the purposo of acquiringtho old established and successful. General Business of Messrs M. Canclberg & Co., at Masterton and. Greytown, and Messrs' Joseph Nathan & Co.'s Retail Business at Tinui, in •tbe.Wairwapa District, hereafterjto carry on a general business _ r - _ tho cooperative principle undor which shareholders 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 tho Memorandum of Association, a copy of which ia ™ thiß prospeotus, An association of this nature requires, in the ohief centres, commodious business premises replefewith facilities for economi-

.ributing trade. Experienced managers with a thorough knowledge of local requirements aro indispensible for the effioicnt conduct of Ibei ' " and for ' ' ' 5 It is,necessary to know in what markets at what seasons, anA in what quantities to buy theirrequiremehts. It is of even greater importance to know how, where, and when to exportor otherwise disposo of the produce to the.best advantage, But the teal difficulties of all suoh institutions is the beginning; for they must have capital at command, and bfive such financial arrangements, not only in the Colony, but in the various markets of the world, as will inspire the utmost confidence to enable it to build up > gret-olaEB credit and good name, and thus transact business on rook bottom limits. The profits of the Association after pay. nientof expenses will belong to, and be distributed amongst the shareholders, It

sat present proposed after payment to lharenolders ot a dividend of 7 per cent lpon amount of paid up capital to divido jart of the balance of the prolits amongst •he shareholders, according to tlio amount )f business done by each, and a bonus to imployees, and to carry part to a Reserve Fund for the equalisation of dividends, and [or the distinct object of starting or investing in such local industries in the district, is will prove oonduoivc to the welfare of [he shareholders, employ labour, and promote the wealth aud population of the listriot, The Association will wherever iufficientindueement is offered by settlers snd others, and subjeot to tho consent of tho shareholders, ondeavour to ally itself, tc, with similar institutions, and conduct of business, This is far from being a speculative con oern, The businesses of the vendors havi been carried on successfully for the last twenty-five years; and the promoters havi such confidence in the future of the Asm

ation that they are prepared, bo 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 6 pet cent for the next five years, It iliould be plainly understood that tlio promoters do not deaira now, nor in the future, to take out their oapital, but to cany on the business on tho now lines with Mr Caselberg at thohoad of.Sflairs, assisted by all tho present staff, many of whom have been kiown to you for the last fifteen years. Disinterested experts will be employed to certify that stocks liflvo boon taken at auso lute cost, and all bad or old stock has been reduced to the market value or takon away altogether, Hook debts taken over lire guaranteed against loss by the vendors. The following contracts have boen made, namely:- , 1, a contract between Messrs M, Cascli berg & Co,, and the Association, 2, A contract between toessu Joßeph Nathan & Co,, and the Association. Applications for shares should be made upon,tho accompanying form, and forwarded to the Binkets of the Association,

together with the amount payable on application, If no allotment is made the deposit will 1)0 returned without deduction, and where the number of shares allotted is less than the number applied for, surplus will bo credited in reduction of the amount payable on allotment, & form of Application for Shares is annexed, and a copy of tho memorandum of Association will be feund endorsed on hia prospectus. A copy of the Arotioles of Association, .tuid,o.l .tho contracts abovo mentioned may be inspected at the office of the Aassooiation's fioljoitofs. Dated this day of 1892. (Signed) M, CASELBEBG it CO, (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882." ' ASSOCIATION LIMITED BY SHARES. MEMORANDUM OF ASSOCIATION 01" THE WAIKAttAPA FABMEBB' CO-OPER-ATIVE ASSOCIATION, LIMITED, (FOKMBBIiY M, OASELHEnG AND CO.) 1, The name of the Association is "Tim ■ffAinAMPA Fabmebs' CO-ONWAtiys Association, Limited." 2, Tho Registered Office of tho Association will bo situated in Masterton, 111 the Colony of Now Zealand. ' i 3, The objects for which the Association is established arej (a,) , To acquire by purchase, as a. going concern the stock iii trade, property (real and personal), book debtSj and good will of the business now earned on by Messrs St. Caselbcrg and Co., of Masterton oi}d Groytown, Storekeepers;. and the premises where that business is now being carried on at Masterton and Grey town; also to Acquire by purcbaso, as a going concern, the stock in trade, property (real and psrsonal), book debts;, and good will of the 'retail business now carried oh by Messrs Joseph Natban & Co., at Tinui, in the District oMVairarapa; and *6 take over the said businesses as going concerns, as on aud from the first day of February, 1892, and to pay for the same cither by shades wholly paid up, or by sharesparlly paid up, or. or cash r or partly in one of such ' ways and partly in another. (>,) To accept, take over, undertake, aed carry . out to completion all contracts, engagements, and liabilities entered into or incurred in connection with tho. said cusiness or either of them, • j (o,) To carry on in the IVairarapa District, pd elsewhere'in Now. 1 Zealand/and iii any' p jrt of the world, the businesses of Whole- ' sale Ueiieial Merchants' and,-Manufac-turers, and . Retail General Dealers and • , Shopkeepers, and Fanuors and any otjier , 1 business, trade, or occupation (whether of a ilmiliat kind to those specially named or . not) which the Directors may from time . to time think it advisable to embark tho 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-opirativa principles, ■ j (d.) To purchase stock in trade forfauoh bjisinets, from time to time, upon snob terms ut to ti« PifMtM! shall 6MB