Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4070, 23 March 1892, Page 4

rhe Farmers' o-Operative Association, [LIMITED.] (Formerly M, Caselborg & Co.) corporated under " The Companies Act, 1882." __ - (a. CAPITAL, 1100,000; hided into 20,000 Shaves of £5 oaoh, wiili power to increase as required, Payable as follows:'ss (& on application, 5s on allotment, 88 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 k. in no case will further calls be made exceeding 2s fid per mouth, ( l Directors: i iIYERCASELBERG.Esq. jIONELOASELBERG.Esq, (, )AVID JOSEPH NATHAN, Esq. JOUIS JOSEPH NATHAN, Esq. ■VILLIAM HENRf HOSKING, M.D. lENRY HAWBON SMITE, Esq.', • (Manager, Bank of Australasia), WITH POWER TO ADD TO THEIR MDMBER, THE BANK OF AUSTRALASIA. Secretary: D. McINTOSH, Solicitor: A. R. BUNNY, Esq., Maaterton. Head Office:' MASTERTON. Branches: GRE!tTOWN AND TINUI, THE nssocjfttiou has been formed for the purpose of acquiring the old established and successful General Business of Messrs M. Coselberg & Co.. at Masterton and Greytuwn, and Messrs Joseph Nathan & Co .'a Retail Business at Tinui, in tho Wairorapa Distriot, and hereafterjto carry on a general business upon the co-operative principle under which ( shareholders end customers of the Association will share in the profits, according to methods to bo dstormincd from timo to ( time by the Direotors, and for tho other purposes mentioned in the Memorandum of Association, a copy of which is endorsed on this prospectus. Au association of this nature requires, in the chief centres, commodious business premises replotewith facilities foreconomi- ( cally and expeditiously carrying on the dia-. tributingtrado, Experienced managers with a thorough '■ knowledge of local requirements are indis. ' pensible for the ellioient conduct of the business, and for keeping good saleable - clean stocks, It is necessary to know in what markets - at what seasons, and in what quantities to buy thovr requirements. It is of even greater importance to know how, whore, ana when to exportor otherwise dispose of the produco to the beat advantage, But the real difficuU tits of all such institutions is the beginning; for they must have capital at com- , Eland, and have such fioanoial 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 i first-class oredit and good name, . and thus transact business on rock bottom limits. , • The profits of the Association after payment ot expenses will belong to,. and be distributed amongst tho 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 Reserve 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 condnoivo to the welfare of the shareholders, employ. labour, and promote the wealth and population of the district, The Association will wherever sufficient inducement is offered by settlers and others, and subject to the consent of the shareholders, endeavour to ally itself, or with similar institutions, and thus by sharing the cost of management and conduct ol business, reduco expenses and enlarge its sphere ot usefulness, This is far from being 7 a speculative concern, The businesses of the vendors have been parried pn successfully for the last twentymo years j and tho prompters, j)ave such confidence in the future of the Association that they are prepared, so long as Mr Casolborgie allowed a controlling voice in the management ef the concern as heretofore, to guarantee a dividend of not less than 6 per cent for the next five years, It should be plainly understood that the promoters do not desire now, nor in the future, to tako out their capital, but to carry on tho business on thenewlines with Mr Casclberg at tho head of affairs, assisted by al) the present staff, many of whom have been known, to you for the last fifteen years. Disinterested experts will be employed fq certify that stocks have been taken at obso lute cost, and all bad or old stook has been reduced to the market value or taken away altogether. Book debts taken ovor are guaranteed ngainßt loss by the vendors. Tho following oontracts havo been mado, namely:— 1, a contract between Messrs M, Casclberg &L'o„ and the Association, . 2.' A cpntraot between Messis Joseph Nathan c*; Co,, and the Association, Applications for shares should be made upon the accompanying form, and forwarded to the Bsnkors of the Association, together withtbe amount payable on application, Jf no allotment is -made the deposit will be returned without dedupticn, and where tho number of shares allotted is less than the number applied for, surplus willbe credited in reduction of tho amount payable on allotment, A form pf Application for Bhans is annexed, and a copy of the mnrnorand'iim pj Association will bo found' endorsed on his prospectus, A copy of the Arotioles of Association, and of the contracts above mentioned may be inspected at the office of the ABssociation's Solicitors. Dated this day of 1892.' '. (Signed) M.CABKLBERG& CO, ((Signed) JOSEPH NATHAN & CO. .< "THE COMPANIES. ACT, 1882," ASSOCIATION LIMITED BY SHAKES, SIKMOBANDUJI OF ASSOCIATION OF THE WAIKARAPA FARMERS' COOPER, ATIVE ASSOCIATION, Limited. (FOBMEBLY M. CASELBEBG AND CO.) -' I, The nanw of the Association is "The Waihabapa Farmers' Co-opehative Association, Limited," will be situated in Masterton, in the Colony of New Zealand, 3. Tho objects for which the Assentation Is established ore : (A, To acquire by purchase, as a going concern the stock in trade, property (real and personal), book debts p- and good will of tho business now carried on by Messri M, Caselberg and Co., of Masterton and Grcytown, Storekeepers j and the premises where that business is nonr being carried on at Masterton and Grey town; also spnal), book debts,-, and good will of tho Joseph Nathan $ fJo„ at Tinui, in the District of Wairarapn ; pd *o t% over the BaidbusitiegßCß as going concerns, ut on ami from the first- day of February, 1892, «"d to pay for the same cither by shares oily paid up, or by shares partly paid up, or by cash, or partly in one of such ways and partly in another, (ft) Toaccept, take over, undertake, and carry ments, am]'jiabijiflej pntcred into or inness or either of them, (c.) To carry on in tho Wairarapa District, and elsewhere in.New Zealand, and in any pirt of the world, the businesses of Wholesale Uciiotal Merchants and Manufacturers, end. Retail General Dealers and Shopkeepers; and Farmer* ami any other businest, trade, or occupation (whether o/ a jimiliar kind to tboso specially named oj not) which the Directors may' fioratjrao to time think it advisable to embark the capital of the Association upon or join in, and so that in every ease the Directors on any business upon co-optative principles. (d.) To purchase stock in trade foijsuch business, from time to time, upon auob termß