Page 4 Advertisements Column 5

Wairarapa Daily Times, Volume XIII, Issue 4079, 2 April 1892, Page 4

: PROSPECTUS of } The Wairarapa Far mers'; Co-Operative l Association, , , [LIMITED.] (Formerly M, Caselberg & Co.) Incorporated under" Tho Companies Act, 1582," - CAPITAL" £100,000; Divided into 20,000 Shares of £B each,

. with power to increase, as required. Payable as follows: 5s 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 1 Capital beyond £1 per Share, but in no case "will farther calls be made exceeding 2s fid per month. i Directors: , MY Eft CASELBERG, Esq. 1 WILLIAM HENRV HOSKING, M.D. LIONEL OABELBERG, BBQ. A. W. OAYE.ESQ DAVID JOSHPH NATHAN, Esq. ■ DONALD DONALD ESQ LOUIS JOSEPH NATHAN, ESQ. ' WITH POWER 10 ADD TO THEIR NUMBER,' B an kers 1 THE BAM OF AUSTRALASIA. '' . i Secretary: D, MoINTuSH. Solicitor: A. R. BUNNY, Esq., Mastorton. Head Office: MASTEIITON. Branches: GEEYTOWiN AND TINUI. PEOSrEOTUS, ■ THE association has been formed (or the purpose of acquiring the old established and successful General Business of Messrs M, Caselberg k Co., at Masterton and Greytown, and Messrs Joseph Nathan .& Co,'s Retail Business at Tinui, in the Wairarapa District, and hereafter to carry on a general business upon the co-operative principle undor which shareholders and customers of the Association will share in tho profits, according to methods to ho determined from time to time by the Directors, and for the other purposes mentioned in the Memorandum of Association, a copy of whioh is endorsed on this prospectus. . An association of this nature requires, in the chief centres, oommodioua' business premises replctewith facilities for economically and expeditiously carrying on tho dis-> tributing trade. Experienced managers with a thorough knowledge of local requirements are indis. penaible for the efficient conduct of tbe 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 even greater importance to know how, where, and when to exportor otherwise dispose of the produce to the beat advantage, But the real diilioul-. tics of all suoli institutions is the beginning ; for they must have oapital at command, and have such financial arrangements, not only in tho Colony, but in the various markets of the world,: as will inspire tho utmost confidence to enakle.it to build up a first-class credit and good name, and thus transact 'business oh rook bottom limits, The profits of the Association after payment ol expenses will belong to, and lie 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 oapital to divide part of the balance of the profits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Reserve Fund lor tho equalisation ol dividends, and for the distinct object of starting or investing in such local industries in the 1 district, as will prove conducivo to the welfare of tho shareholders, employ labour, and promote tho wealth and population of the district, Tho Association will wherever juflicientinducement is offered by settlers and olhcrs, and subject to the consent of the shareholders, endeavour to ally itself, o amalgamate, with similar institutions, and thus by sharing the cost of management and conduce of business, reduceexponses and enlarge its sphere of usefulness. This is far irom being a speculative oonccrn, The businesses of tho vendors have been carried on successfully for the last twenty-five years i and the promoters have such confidence in the future of tho Association that they are prepared, so long as Mr Caselberg is allowed a controlling Voice in tho management of tho concern as heretofore, 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 tho future, to take out their capital, but to cany on the business on the new lines with Mr Caselberg attheheod of affairs,'assisted by all the present staff, many of whom liave been known to you for the last fifteen

certify ihflt stocks hftye been taken at flbso lute cost, and all ba<l or old stock has been reduced lo the market valuo or takou away altogether, Book debts taken over are guaranteed The following contracts have, been made, imely:— 1, A contract between Messrs M Casolberg & Co,, and the Association, 2. A contract between toeHaia Joseph Nathan & Co., and the Asßooiation Applications for shares should be' mado upon the accompanying form, and forwarded to the Bsnkers of the Association, cation, If no allotment is made the deposit will be returned without deduction, and where tho number of shares allotted is less than the number applied for, surplus will be credited in reduction of tho amount payable on allotment. A lorrn of Application for Shares is annexed, and a copy ot the memorandum of Association will bo found endorsed on liis piospectus. A copy ot tho Arctioles of Association, and of the contracts above mentioned may be inspected at the office of the Asssociation's Solicitors Dated this ' day of 1802. M, OASBLBBRQ «fc CO, JOSEPH NATHAN & CO, I'THE COMPANIES AOT, 1882," ASSOCIATION LIMITED BY SHARES, MEMORANDUM OF ASSOCIATION OF THE WAIMRAPA FAKMEUB' UO-OPM-Al'lVE ASSOCIATION, LIMITED. (I'OKMEIILYM, OASELBERG AKD CO.) 1, The name of the Association is "This VAIIIARAPA FARMERS 1 CO-OPERATIVE Association, Limited," . Die Registered Office of tho Association • will fe situated in Mastertou, in the Colony of Now Zealand. ; ; _ 3, The objects for : which tho Association t . established are ; 1 (a. To acquire hy purchase, as a going concern tho stack in trade, property (real and personal), book, debts, and good will of tho business now carried on by Metsri Mi Caselberg and C 0.,. of Greytown, Storekeepers j and the prem : ises where that business is now being carried on at Mastertonand Greytown j also to acquire by purchase, aB a going concern, {he stock in trade, property (real and per: sonal), book debts;, and good wdl of the retail business now carried on by Messrs Joseph Nathan & Co,, at Tinui, in the District of "Wairarapa; and to take over iuc , .ason and from the first day of February,; 1892, and to pay for the samo cither by share# wholly paid up, or by shares partly paid up, or bv cash, .or partly ut one of such ways and partly in another. W&YBftnuyt»»v■ . NToaccept, takeover, undertake, , out "io-pompletippajl contracts, engagements, and |aMitieif , »tp or i|icurred in cobriecfcwu with tho said bUBi; ness or either of them. , , (o) lo carry ot in the IVairarapa District, and 5 elsewhere in New Zealand, and in any put of tlip world, the businesses of whole: Sale tleneial Merchants and : Manufai: turers, anji fletail General Pealers and Shopkeepers, and Farmers and any other buainesc,'trade, or occupation (whether of aeimiliat kind to fho?e specially named or noti which' the Directors may'from time to' Wa4wa>Je t°: ejpbark'the capital ofiha Association upon or join m, and so that in' every, case the Directors shall havppower to enterupon.and carry on any business upon co-opirativo. prui' (d ) To' purchase'stock in trade iness, from time to time, upon such terras . as to the Direotors,shall seem fit From'time to'tlmfe'w' p'lircfiase, accept " leases fqrterpispfyearaof,.ortcquireon and other buildings, whereon the busineia : of