Page 4 Advertisements Column 5

Wairarapa Daily Times, Volume XIII, Issue 4077, 31 March 1892, Page 4

PROSPECTUS or The Wairarap a Far niers'! to-imperative; Association,! [LIMITED.] (Formerly M, Cnselberg k Co.). ; Incorporated ante " The Companies Act, 1682," ■ CAPITAL~il00,000; , Divided into 20,000 Shares of £5 oacb, : with power to increase as res quired. Payable as follows; 6s on application, 5s on allotment, 5s every three months until f lifl paid, and the balance by calls. It . is not anticipated that it will he necessary to call up any further' Capital beyond ,£1 per Share, but in no case will further calls be made exceeding 2s fid per month. Directors: MYEROABELBERG.Ksq. WILLIAM HEM HOSKING, M.D. LIONEL CASELBERG, Esq. A.W. OAVE, Esq . . DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq ■ LOUIS JOSEPH NATHAN, Esq. WITH POWERIO AM) 10 XUJSIR NUMBER, Bankers: THE BANK OF AUSTRALASIA. Secretary; D. MoINTOSH. Solicitor: A. R. BUNNY, Esq., Mastorton. Head Office: MASTERTON. Branches: GREYTOWNAND TINUI. PROSPECTUS, THE association has boon formed for the purpose of acquiring tlio old established and successful General Business of Messrs 11. Caselberg & Co., at Masterton and Grey town,, and Messrs Joseph Nathan & Co.'e Retail Business at Tinui, in the Wairarapa Diatriot, and hereafter to oairy on a general business upon tho co-operative principle under which shareholders and customers of tho Association will share in the profits, according to methods to bo determined from timo to timo 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 tho chief centres, commodious business premises repletewith facilities for economically and expeditiously carrying on tho dis-. tributing trade. Experienced managers with a thorough knowledge of local requirements are india. pensible for the eflioient conduct of the business, and for keeping good saleable clean stooks, It is necessary to know in what markets at what seasons, and in what quantities to buy their requirements. It is of even greater importance to know how, where, and when to oxportor otherwise dispose of the produce to the best advantage, But the real difficult tics 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 yfirioiis markets of the world, us will inspiie the utmost confidence to enable it to build up a first-class eredit and good name, and thus transact business on rook bottom limits. The profits of the Association after payment ot 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 liie balance of the profits amongst the shareholders, according to the amount of business douo by each, and a bonus to employees, and to carry part to a .Reserve Fund for the equalisation of dividends, and for the distinct object of starting or investing in such local industries in tho district, as will prove conducive 1 to the welfare of the shareholders, employ labour, and promote tho wealth aud population of the district, The Association will wherever sufficient inducement is offered by settlers and others, and subject to the consent of tho shareholders, endeavour to ally itself, 0 amalgamate, with similar institutions, and thus by sharing the cost of management and conduct of business, reduco expenses and enlarge its sphere of usefulness, This i? far from being a speculative concern, '1 ho businesses of the vendors have been carried on successfully for the last twenty-tivo years; aud the promoters have such confidence in the future i)f the Ausociation. that they are preparod, m long us Mr Caseiberg is allowed a controlling voice in the management of the concern as huretofore, tu guarantee a dividend of uot less than 6 per cent for the nest 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 sow lines with Mr, Caseliicrg atthohead of affaire, assisted by all the present Bta(f, many of whom bayo been known to you for the last fifteen years. , Disinterested experts will be employed to certify that stocks have beon taken at aiBO lqte'cost, and all bad or old stupk has been reduced io tho market value or takeu away altogether, Book debts taken over are guaranteed against loss by tho veituors. Tho following contracts have been made, namely:— 1, A contract between Messrs M Cosslberg tfe Co., and tho Association, 2. A contract between toessis Joseph Nathan & Co., and the Association Applications for shares should ho made upon tho accomponyiflg form, and forwarded to" tho" Binkeis of the Association, together with'thc'nmijunt payable on application, If no" allotment 'is made ■ the dtppsit will be returned without deduotsj, jnd where .the number, of shares allotted is lc6s than the number applied for, surplus willbo credited jn reduction of the amount payable on allotment. A form ot Application for Shares is annexed, and a copy ot the memoraudum of Association will be found endorsed on his prospcoluß. A copy of tho Arctioles of Association, and of the contracts above mentioned nihy be inspected at the ofHoo of the Association's tJolfoitofs Dated this to of ' 1892,. (Signed) M, CAsELBERG & CO, (bigiied) JOaEPH NATHAN & CO. "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES, ■ MEMORANDUM OK ASSOCIATION Of TUB WAIRARaPaFARMERS' co-oper. ATIYE ASSOCIATION, Limited, (fOBi/piA' JI, CASEIBEEO AND CO.)' 1. Tho namo of the Association ji " The WAIBABAPA J?ABMKBS r ' ''CO-OERBATIVE Association, Limited." 2. The Registered Office of the Association will be situated in Masterton, in the Colony of New Zealand. 3. The objects for which tho Association i established oro_ s (a, acquire })y piiroljaije, as a going concern " tho stock intra'dc,' property (jcal awl personal), book debts, and good will of the business now carried on by Mem« M. ■Caselberg and Co,, of Masterton and Greytownj Storekeepers j and tho premises where that business is no w being carried, on at Masterton ond Grey town; also to acmijrb ty purchase, as a going concern, tho stocj: in trade, property jrpa) apd personal), book debts;,' and good will of the retail business nojy carfied on by Messrs Jo»eph Nathan .& Co,,'at Tinui, in tho District of Wrai'apii and to take over the said businesses as going concerns, as on aud from the first day of February, 1892, and to pay for tho samo either bv shares wholly paid up, or by shares partly paid up, or by cash, or partly in ono of such ways and partly in another, • ; (b.) Toaccopt, take over, undertake, aßd cany out to completion all contracts, engagements, and liabilities entered into or incurred jn MMMtjon with tho said business or either of tbcra. (0.) Tocariy.on in thoiVnirarapa District, and elsewhere in New Zealand, and in ony pal of the world, the businesses of Whole--1 Bale U'eueial Merchants, and llanufac-. tjirers, and Retail -General Dealers and ' Bbopkcepers, and Farmers and any other business, trade, pr occupation (whether of I a jimiliarldndjto {hose specially named or . not) which the Directors may'/rooi time ! to timo think it advisable $ ejnbark the capital of the Association.upon or join in, ! and so that in every case the Directors i shall have power to enter upon, and carry on any business upon co-opirative prin- ! ciples. I '' '' ' (D.) To purchase stock in trade forjsuoh businen, from tjmefotime, upon aucb, terras . as to the Directors phali.eeem fit e. j From time to. time ,to purchase, accept leases for terms of years of, or scquiroon Bny other tenuro, land, stores, shops, and \ . other buildings whereon the business of