Page 3 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4071, 24 March 1892, Page 3

; PROSPECTUS; Co-dperative Association, '■ - : [LIMITED.] (Formerly M, Caselberg & Co.). Incorporated under " Tho Companies Act, ISS2." CAPITAL, £100,000; Divided into 20,000 Shaves of £5 each, . with power jo, increase as required. Payablea3 follows: 5s on application, 5s on allotment, ; 5s every three months until f lis •paid, anil the balance by calls. It is not anticipated that it will be necessary to oall up any further Capital beyond £l per Share, but in no case will further calls be made,exceeding 2s 6d per month.

■.••. Directors: MYERCASELBERG.Esq. LIONEL OAM'IBBIIG.Kbq. DAVID JOSEPH NATHAN, Esq. LOUIS JOSEPH NATHAN, Esq, ■-. WILLIAM HEM HOSKING, M.l) HENRY HAWBIWJ SMITB, Esq, ' (Manager, Bank uf'Australasia). WIIH POTOR TO ADD 10IHEIE NUMBER, THE BANK OF.ADSTRALiSIA. . ''Secretary: ; p.MoINTOSH, '■'.,. Solicitor: A.ft.BUNiNY.EsQ., Maaterton. ■HeadOffice: '' MASTERTOfI. Branches: GRMTOWNaND'MUL

E association has'been formed for il the purpose of acquiring the' old established and successful General Busis of 'Messrs M. Caselberg & Co.. at Uasterton and. Greytown, and i Messrs Joseph Nathan &Co.'s Retail Business dt Tinui, in the TiVairarapa Diatriot,..and hereafttrjto carry on a general business upon tho co-operative principle under which shareholders and oustomcrs of the Association will share in the profits, according to methods to be datevmincd from time to time by the 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, jn the chief centres,. commodious business premises repletewith facilities for economically and expeditiously oarrying on the dis-> tributing 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,

It is necessary to know in what markets at what'seasons, and in what quantities to buy their requirements. Itisof even greater importance to know how, where, and when to esportor otherwise dispose of the produce to the best advantage, But the real difficult ti'S of all such institutions is the beginning; for they must have o'apital at command, and bavo such .financial a'rrangorcents, not only in the Colony, .but in the vanoas markets of the world, as will inspire the utmost confidence tdonable it to build up a first-ciass credit and good name, and thus transact business on rook bottom limits. ■ .:■;... j The profits of the Association after pay. ment ol 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 tho 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 the diatinot objtot of starting or investing in such local industries in the district, as will prove conducivo to< : the welfare of the shareholders, employ labour, and pro. mote the wealth'and.population of the district, The A6sooiation will wherever sufficient inducement is offered by settlers and others, and subject to t'.'O consent of the shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing tho cost of management and conduct of business,-, reduce expenses and enlarge its sphere of usefulness,

This is far from being n spcoalative conoem,; Thebusinessesof the vendors have been earned on successfully for. the last twenty-five yews | and the promoters- have such confidence iq the future of ttio Association that they are prepared, bo lons as Mr Caselbergis allowed n controlling wico in the management of the concern as heretofore, to guarantee a dividend of hot 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 take out their, capital, but to cany on the business on 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 nbso lute cost, and all bad or old stookhas been altogether, Book debts token over are guaranteed against losb by the vendors. The following contracts have beenjmade, namely:— .„ \i A contract between Messrs M|Oasa,l-. .". bergs'&),,' and the Association,,'., 2. A contract hctvjeep' Messiß Joseph ,'' Jfathau4Co o andtheAssociation Applications for shares should bo< made upon the accompanying form, and forwarded to tho Bjnkots' of the' Association, together with the amount payable on appli-. j cation, If no allotment is made tho deposit will bo returned lithout deduction,: and whero the nun>jer.of shw;; sllotted ij less Iban.tlio number Spiled for, surplus ?i!lijcrodMin ration of the amount pajftbleofl allotment; A form of Application for 1 r Shares is annexed,.and a.copy of'tho', memorandum of Association will be found endorsed. On hispf osp'eotus.' A copy of the Avcticles of Association and of abasia mentioned pay be inspected at the officio, of Ilatedthis' - • dayofV' ' 1892.= -X Sigiied) JI.OAJBLB.E3IG (t CQV ' : (SigriedJjpSE^^THAt) & CQ, ~

"THE .COMPANIES:ACT, 1882," • ASSOOUTION LIMTEp. BY SHARES,; MBMOHANDBMor ASSgqlinOH 01' THE WAIHARAP* j; jjMßßff CO-OPER ATIVB ASSOCIATION, Limited, (FOKMEBLtII, CASELBEno AND CO,) 1, Tho'namo of tho Association is ''The .' \fAWABA>A ' PAWBBS! , CO-OPEIIATIVS AsbooiATioN, Limited."'" ' 2, The Registered Office of tho Association will bo Bituated in Mastcrton, in tbe Colony of New Zealand. 3, The object* for which the Association is 'established»rb;— ,'-'■■ ;, : \ (A, To acquire by purchase/as agoing concern the stock in trade, property (real and per ' eonal),' book debts,, and good, will: of tho Qreytown, Storekeepers j and tho premises where that business is no» bein; car- '■ iricd'on'atWaßtertonandGreytowaj also the stock property (real and perBonal),' book debts;," and goodwill of the retail business now carried on by Messrs Joseph Natlian & Go., at Tinui; in tbo District of Vairarap* ) 4 and *o take over the said businesses as going concerns, as on , and from the first day.of February, 1892, .! and to pay for .the. same cither by shores wholly paidm or by shares partly paid up, or by cash, or partly in one of snob' ■ ways and partly in another, "■" '"' (n,) To accept,' take and, pa;iy. o\it to 'complejipn all contf'acta, engage* nient«, apu'llibihtiea entered into or in. c'lirred jn connection with the said bustpcßS or either of them, > ■ (d)To carry on in the.AVolrarapa District, and elsewlcre in New' Zealand, anil in any p v.-t of the world, the businesses of Wholesale to'eial. Merchants and Msnufai- ' turers, and Retail General Dealers and C!l.„.,1.„„„„.„ nml tfurtnnra an,l in. „ll,_. businesV, trade, or occupation (whether of a similiat kind to those cpceially named or not),which the.Directors may frcm time , ; ;':,tj,time think it advicablo to embark the capital of the Association upon or join in', and so that'hv every' case the Directors • eUll !,«,,«nimOT til i-nWiiilmTn,,.! „„_. . > on any business upon, co-op, rative.priuciples, ".' '"' ''' ■' ' (d.) Tp purchase stock in trade for'suob. bud-. • nets, from tim'oto time,, upon iuon' terms as to the Directors shall Beem fit i !;; -' '>'■