Page 4 Advertisements Column 5

Wairarapa Daily Times, Volume XIII, Issue 4078, 1 April 1892, Page 4

The Wairarapa Farmers' Co-Operative Association, , [LIMITED.] ."' ' (Formerly M, Caaojberg &, Co.) Incorporated under'" ThoCornpaniea Act, .1682," CAPITAL, £100,000; Divided into 20,000 Shares of £5 each, wiih power to increase as re> quired. Payable as follows: 53 on application, 5s on allotment, 5s every three months until £\ 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 2s 6dper mouth, ' (OERCASELBERG.Es'q. WILLIAM HENKi" HOSKING, JO. LIONEL OASELBERG, Esq. A.W. OAVB.Esq DAVID JOSEPH NATHAN, Esq. DOKALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WIIH POWER TO ADD TO THEIR NUMBER. THE BANK OF AUSTRALASIA. ■ Secretary:. D. MoINTUXH. Solicitor: A. R. BUNNY, Esq., Masterton. ■ Head Office: MASTERTON. Branches: GREXTOWNaNDTINUI. THE association has been formed for the purpose of acquiring the old established ami successful General Business of Messrs M. Casclberg & Co,, at Masterton and Ureytown, and Messrs Jiscph Nathan &, Co.'s Retail Business at Tinui, in the Wairarapa District, and heveaf ter to carry on a general business upon tho co-operative principle under which shareholders and customers of the Association ,-vill share in the profits, according to method to be dstermined from time to time by the Directors, and for the othor purposes mentioned in the Memorandum of Associathn, a copy of which is endorsed on this prosj ectus. An association of this nature requires, in tho ohie'. centres, commodious business premises repletswitb facilities forecondmitnbutiiig trade, Expuicnced managers with a thorough knowledge of local requirements are indis. pensibk for the effio:ent conduct of the 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 theirrcn/iirements. It is of oven greater importance to know how, where, and when to exportor otherwise dispose of the produce to the beshdvantogo, But the real diflicuk ties of ?,il such institutions is the beginning ; ior they must have eapital at comnii'jiii, and have such financial arrangements, not only in the Colony, but in the vanoiis markets of the world, as will inspire the utmost confidence to enable it to build up a first-class credit and good name, I and thus transact business on rook bottom limits.

The profits of tho 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 (tuiount of paid up capital to divide part of! llje balance of the profits amongst the shareholders, according to the amount ol business done by each, and a bonus to employees, and to carry part to a Reserve fund lor the equalisation of dividends, and for the distinct object of starting or ■ investing in sttoh local industries in tho district, as will prove conducive to the welfare of the shareholders, employ labour, and nro : ijiote "the wealth add JopuTalion' "of the district, Tho Association will wherever sufficient inducement is offered by settlers and others, and subject to the consent of tho shareholders, endeavour to ally itself, o amalgamate, with similar institutions, and thus by sharing tho cost of management and conduct of business') reduce expenses and enlarge its sphere of usefulness, This is far from being a speculative concern, 'lhe businesses of the vendors have been carried on successfully for tho last twentymo years j and the promoters havo siich confidence in the'future of the Association that they are prepared, so long as Mr Caselberg is allowed a' controlling voice in the management of the concern as heretofore, to guarantee a dividend of not less than G per cent for the next five years, it should be plainly understood that the proprterpclonOtacgire npift nor in the future,'' ip lajje ouf their capital; but 'jp car.y on the business on tho'new lines with Mr CRSelbfig at the head 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 stooks have been taken at auso lute cost, und all bad or old stock has beon reduced to the market value or taken away altogether, Book debts taken over are guaranteed against loss by the vendors. . • The following contracts havo been made, namely;?- " i; a contract between Messrs M GtimV bcrg'iS: Cp„and (bo Assopjatioii, 2. A contract between lic'ssis Joseph Nathan & Co., and the Association

Applications for stores should be made upon the accompanying form, find forwar-ded-to the Bsnkeis of tho Association, together with the amount payable on application, 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 reduotion of tho amount payablo on allotment. Mora) of Application for Shares is annexed, and a copy of the memorandum of Association will be found endorsed on liiß proapeotuß. Ac.opypftheArcticlos 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.CASBLBERGSCO, (Signed) JOSEPH NATHAN & CO. "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES, JIEMOIIAKDUM Of ASSOCIATION' OF THE WAIKAHAPA FABM W OPERATIVE ASSOCIATION-, Limited. (FOIIMKHLY M. CASELDEKG AND . 1. Tho name'of the Association is "The Wairahapa Farmers' Co-operative Association, Luiiied," 2. Tlib lltgiatored Office pf tho Association will )ie situated"'m Btnstcrtojij in the Colony of Zealand, 3. The obiefitß for wlijch'the Association) established are !*- S (A. To acquire by purchase, as a going concern tho stuck in trade, property (real and personal), book debts, and good will of the business now carried on by. Metsri M. Caselberg and Co., of. Mastorton and Grcytown, Storekeepers j and tho premises where that business is now being carried on at MMta' on and Grcytown j.also to acquire by'pnrpltase'as a gdingconcern, the stock in trade, property (rest} ami per sohal), book debts;,' aiid good mil of tho retail business nmy earned on by Messrs Joseph Nathan & Co., at Timli, in the District of Vairarapi; and to take over going conceriis,ason and from the first day of Hruory, 18!I2, and to pay f9 r W same either by shares wholly paid UR «F by shares partly paid up, or by cash, or partly in op? of suclj ways and partly in another,(b.) To accept, take over, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or i«ncss or either of W •-..,.■,.' '. Ic.) Tocarry on in the WairawpaPlrtrlot, and elsewhere-in New Zealand, apd many pn-t of the world, the buslnesiesof Whole, sale Ueueial Mcrcliants and Manufat■hirers, and Retail General Dealers and Shopkeepers, and Farmers and any other business, trade, or occupation (whether of a siimliar kind to thoso specially named or - not) which the Directors may from time to time think it advisable'to embark the capital of the Association upou or join in, and bo that in every case the Directors shall have power to enter upon, and carry (n) To purchase stock in trade for.such biisiness, from time to time, uponsuch terms as to tho Directors shall poem fit; .leases fortermaof yearaof, orecquiroou _it.._ J. n mivn Unrl ofiirAQ ulinWonil other buildiogp, whereon the business, of