Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4082, 6 April 1892, Page 4

PROSPECTUS Co-Operative Association, t LIMITED.] (Formerly M, Caselberg & Incorporated under " The Companies Act, *' ISB2," '■•'-' . CAPITALJSIOO.OOO; Divided into 20,000 Shares of £5 Gaol), with power to increase as required. Payable as follows: 6s 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 he necesßary to call up any further ' Capital beyond £1 per Share, but in no case will further calls be made exceeding 2s Griper month. Directors: . '■;■. \ MYER CASELBERG, Esq. WILLIAM HENKY HOSKING, M.l). LIONEL CASELBERG, Esq.' A. W. OAVE, Esq DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WITH POWER TO ADD TO IHEIK NOMBBB. Bankers l THE BANK OF AUSTRALASIA. Secretary: D.MoINTOSH, Solicitor: A.R.BUNNY,Eso.,Maaterton. Head Office: MASTERTON. GREYTOWN ANDTINUI. THE association has teen formed for the purpose of acquiring the old established and successful General Business of Mesa M. Caselberg & Go,, 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 under which shareholders and customers of the Association will share in the profits, according to methods to be 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 repletewith facilities for economically and expeditiously carrying on the disi tributing trade, . V.rnpntknpfiA mnnflrrprfi with a tTinrnntr}, knowledge of local requirements are indiß. sensible for the efficient conduct of the business, and for keeping good saleable i clean stocks. It is necessary to know in what markets at what seasons, and in what quantities to buy therrrequirements. It is of even greater . importance to know how, whero, and when | to exportor otherwise dispose of the produce 1 to the best advantage, But the real difficulties of all suob institutions is the begin--1 ning; for they must have capital at command, and have such financial arrangements, not only in the Colony, but in the vanoiia markets of the world, as. will : 'inspire the utmost confidence to enable it to . build up a first-class oredit and good name, . and thus transact business on rook bottom limits. The profits of the Association after- pay. irdirJot'tjijiciisesrwiii".belong to, and be distributed amongst the shareholders. It is at preßont proposed after payment to shareholders of a dividend of 7 per cent 1 upon amount of paid up capital to divide part of the balance of the profits - amongst ) the shareholders, according io the amount ; of business done 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 6uoh local industries iu the district, > as will prove conducive to the welfare of the shareholders, employ labour, and pro- ) mote the. wealth and population of the district, The Association will wherever 5 sufficient inducement is offered by settlers and others, and subject, to the consent of ) the shareholders, endeavour to ally itself, 0 amalgamate, with similar institutions, and thus by sharing the cost ot management -, and conduct of business, reduce expenses ■ and enlarge its' sphere of usefulness, 3 , This is far from .being a speculative. concern, Tho businesses of the veudors have 1 been carried on successfully fur the last twenty-five years; and the promoters have ' such confidence in the future of the Association that they are prepared, so long as Mr 1. Caselberg is allowed a controlling voice in j the management of the concern as' hereto--5 fore, to guarantee a dividend of not less than G per cent for the nest five years, It should bo plainly understood that the promoters do not desire' now, nor in the future, to take out their capital, but to oar, 7 on the business on the new lines with Mr Caselberg at tho heed of affairs, assisted by all the present staff, many of whom 0 have been known to you for the last fifteen years, 8 Disinterested experts will be employed to certify that stocks have been taken at also 0 lute cost, and all bad or old stock ha 3 been 0 reduced to the market value or taken away 0 altogether. q Book debts taken over are guaranteed against loss by the vendors: The following contracts have been made, namcly:8 1, A contract between Messrs MCasels ' berg & Co,, and the Association. 1 2, A contract between Messis Joseph it Nathan&Co.,antl tho Association ti Applications for shares should be made upon the accompanying form, and forwarb ded to the Bsnkers o tho Association, fl together with the amount payable on appli- _ cation. If no allotment is made the 1 deposit will be returned without deduction, and whero tho number of shares allotted is less than the number applied for, 8 surplus will be credited in reduction of tho amount payable on allotment, A form ot Application for Shares is annexed, and a copy ot tho memorandum of Association will be found , endorsed on hißjjrosperjtus. A copy of tho Articles of Association, and of the contracts above mentioned may be inspected at the offioe of . the Association's Solicitors Dated this .'day of 1892, (Signed) M, CASELBERG & CO, (Signed) JOSEPH NATHAN & CO. . "the companies act, 1882," ' association Limited by shares, B - l '■ MEMOBANDUM OF A6SOOTATIOS 01' THE WAIRARaPa FARMERS' CO-OPER-ATIVE ASSOCIATION, Limited, (FOBMSBLYM, OASBLBEItO AND CO.) 1, Tho name of the Association is " Tun WAIBABAPA' FABMEB8 1 00-OPEBATIVE s Association, Limited," 1 The Rffnnlcml: Office nf tlin iMnnl.thn will be situated in Masterton, in the B Colony of Nov; Zealand, i. 3/ The objects for which the Association i established ore i— : ; a ' (A. To acquire by purchase, as a going concern 1 - ; the stock in trade, property ,(rcal and per- '! ■:• eona.ll, hook debts, and good will of the i business now carried on by Me*sri M. i (S»»lhnrni anil IK. nf Mn«Wnn oml .Greytown, Storekeepers j and tho print' ' ises where that business is now being cap . ricd on at Masterton and Greytown j also ; to acquire by purchase, as a going concern, , the stock in trado L property (real and personal), hook debts;, and good will of the retail business : now. carried on by Messrs Joseph Nathan & Co,, at Tinui, m the ■ ■ District of Wairarapi; and to take over the said businesses as going concerns, as on aud from the first day of February, -1892, and to pay for the same either by shares . wholly paid up, or by shares partly paid up, or by cash, or ipartly in one of such : ways and partly in another, '.. (B,) To accept, take oyer, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or incurred in connection with the said busi- ' ness or either of them, ■'■';■. (ft) To carry on in the Wairarapa District, and. 1 elsewhere in New .Zealand, and in any pwt of tho worid, the businesses of Whole- -, tiirers, and Retail General Dealers and .. ; y Shopkeepers, and Fanners and any other :"; business, trade, or 'occupation (whether of : a similiar kind to those specially named or . not) which the Dlreotors may from time to time think it advisable to erabark the :\ capital ofthoAMOciationiupon or join in, , and so that in every-caßO:theDneotorß - shall have power to enter upon, andcuirry .;.: on,any.business upon od-opirative prin- ''','; ciples. .. ' ' '■'.- - ■■'■-<'■'■. (d,) To purchase stock in trade for'such busi- ' neas, from time to time, upon such terms .'■•.■■■ai to.theDireelors shall seem lit. '"•■ . e.) From time to ; time ; to purcbase, accept ■■: leases.fbr terms of yean ofj o'r.'acquireon, lv "oH)?rbuildißj»,Tfa«e»Btho tmwww of