Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4075, 29 March 1892, Page 4

rhe W air vr .pa Fa mers' Co-Operative Association, • [LIMITED,] (Formerly M, Caselberg Is Co.) Incorporated under" The Companies Act, 1682." CAHTAMIOO,OOO; Divided into 20,000 Shares of £5 eaob, with power to increase as required, Payable as follows: fia on application, 5s on allotment, 5s 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 2a Gd per month. Directors: MYER CASELBERG, Esq, LIONEL OASELBERG, Esq, DAVID JOSEPH NATHAN, Esq. LOUIS JOSEPH NATHAN, Esq. WILLIAM HENRf HOSKING, M.D. HENRY HMYBUN BMITB, Esq, (Manager, Bank of Australasia). WITH POWER TO ADD 10 THEIR NUMBER, Bankers: THE BANK OF AUSTRALASIA. Secretary: D, MoINTOSH. Solicitor: A, R, BUNNY, Esq., Masterton. Head Office: . MASTERTON. Branches: GREYTOWN AND TINUI, TEE association has been formed for the purpose of acquiring the old established and successful General Business of Messrs M, Caselberg & Co,, at Masterton and Groytuwn, and Messrs Joseph Nathan & Co .'a Retail Business at Tinui, in the Wairarapa District, and hereafter to carry on a general business upon tho co-operative principle under which shareholders and customers of the Association will share in tho profits, aooording to methods to ho dstermincd 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, in the chief centres, commodious business premises repletowith facilities for economically and expeditiously carrying on the dist tributing trade. Experienced managers with a thorough knowledge of local requirements are indis.. penßible for the efficient conduct of tho 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 theirrequirements. It is of evon greater importance to know how,whero, and when to exportor otherwise dispose of the produce to the boat advantage, But the real difficuK tics of all such institutions is the beginning ; for they must have capital at command, and bavo such financial arrangements, not only in tho Colony, but in the various markets of tho world, as will inspire tho utmost confidence to enable it to build up a first.olass credit and good name, and thus transact business on rock bottom limits, The profits of the Association after payment o! 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 Ihobalanooof the profits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to oarry part to a Reserve Fond for the equalisation of dividends, and for the distinct object of starting or investing in suoh local industries in tho distriot, as will prove conducivo to the welfare of the shareholders, employ labour, and promote the wealth and population of the district, The Association wi|) wherever suflioientinducomont is offered by settlors and others, and subject to the consent oj the shareholders, endeavour to ally itself, or amalgamate, with similar institutions, and thus by sharing the cost of management and couduot of business, reduce expenses and enlarge its sphere of usefulness, This is far from being a speculative concern. The businesses of tho vendors have been carried on successfully, for the last tpn, ty-five years; and the promoters have such confidence in tho future of tho Association that they are prepared, so long as Mr Caselberg is allowed a controlling voice in the management ef tho concern as hereto, fore, 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 take out their capital, but to pany on the business on thenewlineß with Mr pgselbprg aUljelieod of affairs, assisted by ali the presotjt staff, many of whom! have been known to you for tho last fifteen years. Disinterested experts will be oinployod to certify that stooks have been taken at abso lute cost, and all bad or old stock has been reduced to the market value or taken away altogether, Book debts taken ovor aro guaranteed against loss by the vendors. The following contracts have been made, namely:— 1, i. contract between Messrs M,Casol* berg & c'o„ and the Association, 2, A epptract between Messis Joseph Nathan & Co,, and tho Association Applications for shares should be mado upon the accompanying form, and forwarded to the Btnkers of tho Association, together with the amount payable on application, II no allotment is made the deposit will be returned without deduction, ami where the numbor of shares allotted is lees than the number applied for, surplus will be orpdjtet) in reduction of the amount payable oh allotment, A form of Application for Shares is annexed, and a copy ot the memoraudim of Association will bo found endorsed on hispiospeotus, AcopyoftheArcticles of Association, and of the contracts above mentioned may be inspected at the offioo of the Asssociation's Solicitors Dated this day of 1892, (Signed) M, CASELBERG & CO, (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHAKES, MEMORANDUM OF ASSOCIATION OF THE '• WAIRARAPA FARMERS' CO-OPER. ATiVE ASSOCIATION, Limited, (KOUMF.HI.YM. OASELBEHG AND CO,) 1, The name of the Association is " Tun WAiiIAIIAPA FApMEIIS' CpOPEIIATIVE Association, Luuikd.'" 2, The Registered Office of the Association will bo situated in Masterton, in tho Colony of New Zealand, 3, Tho objects for which the Association is. established oro : (a, To acquire by purchase, as a going concern the stock in trade, property (real and personal), bpojf debts, and good.will of the business now parried W by }Hf M, Caselberg apd Co., of Jrast'crtpj) apd Grey town. Storekeepers; and'thVprfhi: ises wboro that business is now being car> ried on at Masterton and Qreytowni also to acquiro by puroliase, as a going concern, the stock in trade, property (real and personal), book debts,, and good will of tho retail business now carried on by Messrs Joseph Nathan & Co,, at Tinui, in tlio District of Wairarapa j and to take over (be said businesses as going concerns, as on and from fho jjrst day of February, 1892, and to pay to jko samp pjtherby shares wholly paid up, or by Bliarcs' partly "paid up, or by cash, or partly in one of such " ways and partly in another. (n.) Toacccpt, take over, undertake, and cany out to completion all contracts, engageelsewhere in New Zealand, and in any pivt of tho world, the businesses of Wholesale Ueuoral Merchants and Manufacturers, and Retail General Dealers awl Shopkeepers, anil tfarmera and any other business, trade, or occupation (whether of a similiat kind to those specially named or not) which tho Directors may from time to timo think it advisnble to embark the capital of tho Association upon or join in, and bo that in every case the Directors shall have power to enter upon, and carry on any business upon co-opaative principles, (o.) To purchase stock in trado for'such business, from time to timo, upon 3uoh tsrmu as to the Directors shall seem fit