Page 3 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4076, 30 March 1892, Page 3

WAIRARAPA FABMERS ; CO-OPERATIVE-ASSOCIATION. The Wairarapa Farmers' Co-Operative Association, ■ . [LIMITED.] . ■' (Formerly M, Caselborg & Co.) Incorporated unfa " The. Companies Act, ' 1582," CAPITAL~£100,000; Divided into 20,000 Shares of £5 cacb, with power to increase as required. Payable as follows: 5s on application, 5s on allotments 5s every three months until £1 is paid, and the bulance by calls. It knot 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 1$ 6d per month. Directors : MYERCASELBiiRG.EsQ. WILLIAM HENM HOSKING, M.D. LIONEL OASELBERG, Esq. A. W. CAVE, Esq DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WITH POWBRTO ADD TO THEIR NDJIBEB. Bankers: THE BANK OF AUSTRALASIA. Secretary: D.MuINTOSH. . Solicitor: A, K, BUNNY, Esq,, Masterton, Head Office: MASTERTON. . Bi'&ucligs ' GBEYTOWN aNDTINUL THE association has been _ formed for the purpose of acquiring the old established and successful General Business of Messrs M, Caselborg & Co.. at Masterlon and Gioytown, and Messrs Joseph Nathan k Co.'s Retail Business at Tinui, in the Wairarapa District, and lioreafter to cany on a general business upon the co-operative principle under which shareholders and customers of the Association will sharo in the profits, according to methods to he Determined 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 replotewith facilities for economically and expeditiously oarrying on the disi tributing trade. 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 iu what markots at what seasons, and in what quantities to buy thoirrequirements. It is of even greater importance to know how, where, and when to exportor otherwise dispose of the produce to the bat advantage, But the roal ilifficuN tics of all such institutions is the beginning j, for they must have capital at command, and' have such ficanoial arrangements, not'only in tho Colony, but in the various markots of the world, as will inspire the utmost confidence to enable it to build up a firat-olass credit and good name, and thus transact business on rook bottom limits.

The profits of the Association after payment of expenses will belong to, and be distributed amongst. the shareholders. It is at present proposed alter payment to • shareholders of a dividend of 7 per cent upon amount of paid up capital to divide partof Iho balanao of tlio prolits amongst tho shareholders, according to the amount ot' business doue by each, and a bonus to employees, and to carry part to a Resorve v Fund for the equalisation of dividends, and i for the distinct object of starting or mvest- , ing in such local industries in the district, as will prove conducive to the welfare of i tho shareholders, employ labour, and pro- ( mote the wealth and population of the < district, The Association will wherever ; suffioientinducement is offered by soltlers a and othors,'and subject to tho consent of \ the shareholders, endeavour to ally itself, ( 0 amalgamate, with similar institutions, and thus by sharing the cost of management and conduot of business, reduco expenses and enlarge its sphere of usefulness, This is far from being a speculative con- r corn, The businesses ot the vendors have i been carried on successfully for the last ] twenty-five years; and the promoters have i such confidence in the future of the Association that they are prepared, so long as Mr Caselborgis allowd a controlling voice in ( the management of the concern as hereto, fore, to guarantee a dividend of not less than C per cent for the nest live years, It should be plainly understood that the ' promoters do not desire now, nor in tho future, to take out their capital, but to cariy on'the business on the new lines with Mr Caselberg at the head of affairs, assisted . by all the present staff,,many of whom liave been known to you for the last fifteen years. Disinterested experts will bo employed 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 over are guaranteed against loss by the vendors. The following contracts have been mode, namely:-^ 1, A contract between Messrs M Caselberg & Oo„ and tho Association. 2, A contract between Messis Joseph Nathan & Co,, and the Asboo iation Applications for shares should :be made upon the accompanying form, and forwarded to the Bsnkers of the : Association, together with tho amount payable on application, If no allotment is made the deposit will be returned without Reduction, 'and. where the number of shares allotted is less than the number applied for, surplus will be credited in rcduotion of the amount payable on allotment, A form of Application for Shavos is annexed, and a copy ol the memorandum of Association will be found endorsed on his prospectus, ' A- copy of the Arotioles of Association, and of the contvnets abovo mentioned may bo inspected at tho office of the Asssociation's Solicitors Datodthiß dnyof .1802, (Signed) M,'CASELBERG & CO, (Signed) JOSEPH NATHAN & CO. "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES, MEMORANDUM OF ASSOCIATION OF THE WAIKAIIAPA FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited. (FOKMEItIY M, CABEIJJEIU} AND CO,) 1, The name of the Association is " TliK IVairabafa.- Farmers' ■ Co-opkiuiive Association, LimitKd," 2, The Registered Office of tho Association will bo situated in Mastcrton, in the Colony of New Zealand, 3, Tho objects for which tho Association is established aro s—(a. To acquire by purchase, as a going concern tho stock in trade, property (real and per: sonal), book debts, and good will of tho business now carried on by Mc*sh M. Caselberg and Co., of Mastcrton and . Gieytowu, Storekeepers; and the premises where that business is now being car- . . ricd ; on at Masterton and Grey town;. also to acquire by purchase, as a going concern, ' tho stock in trade, property, (real and personal), book debts;, and good will of tho retail business now carried on by Messrs Joseph Nathan & Co,, atT'inui, in the District of Wairarapa; and to take over the said businesses as going concerns, as on and from the first day of February,: 1892, and to pay for the same either by shores wholly paid up, or by shares partly paid up, gr by cash, or partly in one of such ways and partly jnonothcr, - (n.) Toapcept, take over, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or incurred in connection with the said busi-1 » ness or either of them,. > (o.) Tocarry.onmtho Wairarapa District,and 1 elscwhero in New Zealand, and in any J pirtoftheworhVthobusinesses'of Wholesale. Ueneial Merchants, and "Mannfac- ', . . "tuiers; and Retail General Dealers and ' .• Shopkeepers, and Farmers and any other '• ': biisinese, trade,-or Occupation (whether of a shniliar kind to thoso specially named'or ' ■-. - not) which the Directors may from time to timo think it advisable t;0 embark the capital of tho Association upon or join in, j and so that in every case the Directors Bhall have power to enter upon, and carry . on any business upon co-opirativo prin- ':'■ ciplcs. - . . (D.j To purchase stock in trade busi--1.-. . .nesa, from timetotimb, uponaiioti terras . as to {he Directors shall seem It''