Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4074, 28 March 1892, Page 4

The Wair-tfrtpa Farmers' •■ !o-Operative Association, [LIMITED.] (Formerly'M, Caselfaevg & Co.) ncorporated under " The Companios Act, issc ; (a: )ivided into 20,000 Shares ol'£soaoh, villi power to increase os required. Payable as follows: 5a (h. on application, 5s on allotmei t, 5s i'.very Ihreo months until £1 is ( Ti ' paid, and the balance by calls. It is hot 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 Gd per month, ' L Directors: • « MYER CASELBERG, Esq. LIONEL CASELBERG, Esq. ( N DAVID JOSEPH NATHAN, Esq. LOUIS JOSEPH NATHAN, Esq. WILLIAM HENRY HOSKING, M.D. HENRY HAWSON SMITE, Esq, (Manager, Bank uf Australasia). WITH POWER TO ADD TO THEIR NUMBER. Bankers; THE BANK OF AUSTRALASIA. Secretary: (( D.McINTOSH. A. R, BUNNY, Esq., Maiiterton. Head Office: MASTERTON. Branch bs' GREYTOWN aNDTINUI. THE aasooiation has been _ formed for the purpose of acquiring the old established and successful General Business of Messrs M. Caselberg & Co., nt . Masterton and Groytown, and Messrs >■ Joseph Nathan & Co.'s Retail Business at Tinui, in the Woirarapa District, and hereafter to carry on a general business upon the co-operativo principle under which ( ; shareholders and customers oi the Association will Bhare in the profits, according to methods to bo dstermined from tjme to ( time by the Directors, and for the other purposes mentioned in tho Memorandum of Association, a copy of which is endorsed on this prospectus, An association of this nature requires, in tho chief centres, commodious business premises replotewith facilities foreconomi- ( cally and expeditiously carrying on the distributing trade, Experienced managers with a thorough ■! knowledgo of local requirements are indis- ' pensible lor the efficient conduct of the business, sad (or keeping good sajoaMp. dean stocks, It is necessary to know in what markets at what seasons, and in what quantities to buy theirrequirements. It ib of even greater importance to know how, where, and when to exportor otherwise disposo of the produco to the best advantage, But tho real difficulties of all such institutions is the beginning ; for they must have capital at command, and have such financial arrangements, not only in the Colony, but in the various markets of the world, as will iuspiie tjie utmost confidence to enable it to build up a first-olass credit and good namo, and thus transact business on rock bottom limits. The profits of the Association after pßy : nieptot expenses will belong to, and be distributed amongst t|ie shareholders, Jt is at present proposed after payment to shareholders of a dividend of 7 per oent upon amount of paid up oapital to divide part of Iho balance of the profits amongst the shareholders, according to the amount of bußinoßß done by each, and a bonus to employees, and to oarry part to a Reserve Fund for tho equalisation of dividends, and for tlie distinct object of starting or investing in such 1000 l jndpstries in tho district, as will prove conduoive to tho welfare of the shareholders, employ labour, and promote the wealth and population of tho district, The .Association will wherever 3uftioientinducpment is offered by spttlprs and others, and subject to the oonsent of the shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing the cost of management and conduot of business, reduce expenses and enlarge its sphere of usefulness, This is far iroin being a speculative concern, The businesses of the vendors have been carried on successfully for the last twent;-ft» o years | and the promoters have such confidence in the future of the Asspciatipn that they are prepared, so long as Mr Caselberg is allowed a controlling voice in the management of the concern as heretofore, to guaronteo a dividend of not less than 6 per cent for the next five years, D It should be plainly understood that the j promoters do not desire now, nor in tho c future, to take out their oapital, but to • cany on the business on the new lines with I Mr Caselberg at the head of affairs, assisted by all th« present staff, many of whom lmve been known to you for the last fifteen '' years, '. Disinterested experts will be employed to 1 certify that stocks have been taken at atißO 0 lute cost, and all bad or old stuck has been e reduced to tlje market value or taken away c altogether, il Book debts taken over are guaranteed against lobs by the vendors. The following contracts have been made, 1 namely:~ 1, A contract between Messrs M Casalj berg & Co,, ond tho Association. a 2, A contract between llcssis Joseph I Nathan & Co,, and the Association Applications for shares should be made upon the accompanying form, and forwarded to the Bsnkers of the Association, 0 together with the amount payable on appli- " cation, If no allotment is made the " deposit will be returned without deduc- !. tion, and where the number of shares ~ allotted is less than the number applied for, !.' surplus will be credited in reduction of the n amount payable on allotment, •a A form of Application for Shares is annexed, and a copy oi the memoraudjm of Association will be found endorsed on >' hispiospcctus, A copy of the Arcticlea ot :r Association, and of the pbntracts above lr mentioned may be inspected at the office of ! " the Asssooiation's Solicitors ,1 Dated this day of 1892. (Biimed) U. CASELBERG & CO, (Signed) JOSEPH NATHAN & CO. » " THE COMTANIES ACT, 1882." k ASSOCIATION LIMITED BY SHARES, ,g )t MEMORANDUM OF ASSOCIATION OF THE ' >t WAIKARAPA FARMERS' CO-OPER-r' ATIVE ASSOCIATION, Limited. [C (I'OllMEIttT M, OABELIIERG AND CO,) II 1, The namo of tlie Association is "The a , Waibahapa Fabmekh'- Co.orKitAHYK ° Association, Limitkd." % The Registered Office of the Association , a will bo situated in Masterton, in the ™ Colony of Now Zealand, 3, The objects for which tho Association is established aro : (a, To acquire by purchase, as a going concern ? the stock iutrade, property, (real and per- , sonal), book debts, and good will of the L ° business now carried on by He-nn SI, P' Caselberg and Co,, of Masterton and Greytowh, Storekeepers j and the premi ises where tljat business is ngw being car J 8 ricd on at Masterton and Qreytown | also !° to acquire by purchase, as a going concern m tho stock iu trade, property (real and per m sonal),' book debts;, and good will of thi IJ [ retail business now carried on by Mossr Joseph, Nathan &, Co., at Tinui, in thi I' 8 District of Wairarapa j ond to take ove n ' the said buaincssea as going concerns, as oi ra jud from tho first day of February, 1892 ve and to pay for the sarrie either by share whollypaid up, or b,y shares partly paii up, or by cash, or partly In one of aucl: in ways and partly in another,' l 0 (n.) Toaccent; take oyer, undertake, and can; out "to completion all contracts, engage . ™-t= on,VlU\lit{ M 'pntan>il into or in. eurred in connection with {1)0 said bust nets or either of them, (a) I o carry ou in the "Wairarapa, District, am elsewhere .in New- Zealand, and in an] pirt of the world, the businesses of Whole sale tfeiietal Merchants aud Mamifai turers, and Retail General Dealers am Shopkeepers, and 1 Farmers and any othe; business, trade, or occupation (wliethero not) which the Dircotors may from tiro capital of the Association upon or join in ond bo that in every case theDireotor as to the Directors shall seem fit