Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4072, 25 March 1892, Page 4

The Wairarapa Farmers' Co-Operative Association, (LIMITED.] (Formerly M.-Coselberg & Co.) Incorporated under " The Companies Act, 1682." CAPITAM100,000; Divided into-20,000 of £6 oaoh, with power to increase as required; Payable as follows: 5s on application, 5s on allotment, 5s wry three months until £t is paid, and the balance by calls. It is not anticiputed 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: WER CASELBERG, Esq. LIONEL CASELBERG, Esq. DAVID JOSEPH NATHAN, Esq LOUIS JOSEPH NATHAN, Esq. WILLIAM HENRY HOSKING, M.D. EENRYHAWSON SMITE, Esq, (Manager, Bank of Australasia). ran tower io add to their number. Bankers: THE BANK OF AUSTRALASIA. Secretary; D, McINTOSH. A. R. BUNNY, Esq., Maßterton. Head Office; MASTERTON. GREYTOWNaNDTINUI. "HflE association has been formed foi . the purposo! of. acquiring the olc established and successful General Business of Messrs M. Caselborg & Co,, a 1 Mastcrton and Groytown, - and Mcssri Joseph Nathan k Co.'s Retail Business a Tinui; in : tho Wairarapa District, one hereafter to carry on a general business npoi the co-operative principle under whicl shareholders and customers of the Associa tion will share in the profits, according t< methods to he determined from time ti time by the Directors; and for the othoi purposes mentioned in the Memorandum o Association, a cop; of which jb endorsed or this prospectus, ■ An association of this nature requires, it the chief centres, commodious businesi premises repletewith facilities foreconomi cally and expeditiously oarryiug on tho distributing trade, Experienced. managers with a thorougl knowledge of local requirements are indis pensible for the efficient conduct of tk business, and for keeping flood saleable clean stocks, It isnecessary to know in what markets at what seasons, and in what quantities to buy theirrequiroments. It is of even greater importance to know how, where, and when to exportor otherwise dispose of tho produce to the best advantage, But the real difficulties of all suck institutions is.the beginning; (or they must have capital at command, and have such finanoial arrangements, not only in the Colony, but in the various markets, of the world, as will inspire the utmost confidence to enable jt to build up a first-class credit and good name, andthustransact businesson,rookbottom limits. The profits of the Association after payment of expenses will belong to, and be distributed amongst the shareholders. It is at present proposed after payment to shareholders of a flividend of 7 per oont upon amount of paid up capital to divide part of the balanoo of tho profits amongst tlifl RliftrplinldfirH nrenrdino tn thfl nmnnnt. of business done by each, and a bonus-to employees, and to carry part to a Resorve Fund for tho equalisation of dividends, and for the distinct object of starting or investing in such local industries in the district, as will prove conducive to the welfare of tho 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 amalgamate, .with - similar institutions, and thus by sharing the cost of management and- conduct of business, reduce arid Marge its sphere ol usefulness. This is far from being a speculative concern. '1 he businesses of .the vohdors have been carried on successfully for the last twenty-five years! and the promoters have such conlideuco in the future of the'Assooiation that they are prepared, so long as Mr Caselberg is allowed a controlling voice in the management of the concern aa heretofore, to guarantee a dividend of not less fcian 6 per cent for the noxt five years,, It should be plainly understood that the promoters do not desire, now, nor in the future, to take out their but to par>y on the business on the now lines with' ■Mr Caselberg at'theho'sd of affairs, assisted by all the present staff, many of whom have been known to you for the last fifteen years. "

Disinterested experts will be employed to certify that stocks have been taken at absolute cost, and all bad or old atook has been reduced to the market value or token. away altogether, Book.debts taken over are guaranteed against loss by thc.venuors.., ,• The following contracts have been made, namely!— 1, A contract botwecn Messrs MjCagal- •; - berg & Co;, tad the Association.'' 2, A contract between Messiß Joseph ■ Nathan & Co., and the Association Applications for shares should be made upon the accompanying form, and- forwarded to the Bsnkers of the,, Association, together with the amount payable onapplication, If no 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 tho amgunt payable flnallptment, A form of Application for Shares is an* nexed, and a copy ol the memorandum of Association will be found endorsed on hiaprbspeotus.' AcopyoftheArcticlea of Association, and of tho contracts above mentioned may be inspected at the office of the Asssociation's Solicitors Dated this day of 1892, , (Signed) M, CASELBERG * CO, (Signed) NATHAN A C0 f "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED -BY SHARES, MEMORANDUM OF ASSOCIATION OF TUB * WAIKARAPA FAEMERS' COOKER. ATIVB ASSOCIATION, Limited. (FORMERLY M, CisELBERG AND CO.) 1, The name of the Association iB " The Waiiiasafa Farmers' Co-operative Association, Limited,",. 2, The Eigiptorcd Oflioe of the Association pill'Bo situated in Mastcrtqn, jn tho Colony of Ncw'Zcaland.' 3, The objects for <which the Association is established are;;— (a, To acquire by purchase, as a going conpern the stock iu trade, property (real and per: ' sono]), took debts, and good will of the business now carried qn by Hfosri M, Castlberg and (!g.,"of jtastejtqn.and Grcytown, Storekeepers i and (he pre.-m < iees where that business is now being car: ' ried on at Mastertoh trad Greytown j als6 to acquire by purchase, as o. going concern.,the Btock in trade, property (real and per. sonal), book debts;, and good will of the ■ retail business now carried on by Messrs Joseph Nathan & Co,, at Tinui, in tho District of "Wairarap* j and to take over the said businesses as going concerns, as on and from the flrat day of February, 1892, and to nay for the same either bv shares wholly paid up, or by shares partly paid ■ up, or by cash, or partly in one of Buck ways and partly in another, (r>,) Toagcept, take over, undertake, and cany out to completion all contracts, engage- '": raents,'Bn'dliabilitieiii«!tered Into or ire ' , -..—i.:„ „«««,.;«k» „-»!,-* l.„ —u ....-I nessor either of them, (c.)locarryoiijntheWairarapiiDißtrict l and pi.i of tho world, the businesses of Whole; sale Ucuotal Merchants and Manufaiturers, and Retail. General Dealers and Shopkeepers, and-Farmers and any other business, trade, or becupatiun of a'jimiliar Jtind to those 'specially named or niitfwhjph the Directors may' from tjnip . ■to timo think ft advisable, to ernbjirjf $e ' capital of tho AsaocmtioE upon or join in, and so 'that in every case tho Directors shall have power to enter upon, and carry on any business Upon 00-ojurntivo priui ciplCß, (D,) To purchase stock in trade fonsuch business, from time to time, upon such terms