Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4083, 7 April 1892, Page 4

The Wairarapa Farmers' Co-Operative Association, [LIMITED,] (Formerly M, Ca'selberg & Co,) Incorporated under "The Companies Aot, \ CAPITAL^iOO.OOO,; Divided into 20,000 Shares of £5 eaoh, wiili power to increase as re--3' quired. Payable as follows: 6s on application, 5s on' allotment, 5s every three months until £lk 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 6d per month. Directors: MYER CASELBERG, Esq, nr WILLIAM HMK.Y" TTOWTUfI m iv LIONEL OASELBERG.Ebq. A.W. OAVE.Esq " . DAVID JOSEPH NATHAN, Esq, se DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WITHFOWERTOADDTOIHEIRHDMBEB, it Bankers: 1 THE BANK OF AUSTRALASIA, Secretary : D.MoINTOSH. Solicitor: ' A. K. BUNNY, Esq., Masterton. Branches: GREYTOWNaNDTINUI, THE association has been formed for the purpose of acquiring the old established and successful General Business of Messrs M. Caselberg & Co,, at Masterton and Grey town,' and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Wairarapa Distriot, and hereafter to carry on a general business upon ~ the co-operative prinoiplo under which shareholders and customers of the Association will share in the profits, according to \ methods to be determined from timo to U time by the Directors, and for the other ' purposes mentioned in the Memorandum of Association, a copy of which is endorsed on this prospeotus. An association of this nature requires, in the ohief centres, commodious, business P premises repletewilh facilities for economil cally and expeditiously carrying on the dis-< tributing trade, D. Experienced managers with a thorough knowledge Of local requirements are indiepensible for the ellioient conduct of the business, and for keeping good saleable 3 J clean stocks, |, It is neoessary to know in what markets at what seasons, and in what quantities to buy then-requirements. It is of even greater , importance to know how, where, and when °; to export or otherwise dispose of the produce Uu tntlie W.artvimt.iiro Tint (1,» ro„l .i;<T,„„l. ties of all such institutions is the beginan ningifor they mutt have capital at command; and have such financial arrangements, not only in the Colony, but in the vanoaa markets of the. world, as will ;or inspire the utmost confidence to enable it to m . build, up a first-olass credit and good namo, 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 alter payment to shareholders of a dividend of 7 per cent 57 upon amount of paid up capital to divide part of Ihobalanooof the profits amongst 00 the shareholders, according to the amount of business done by eaoh, and a bonus to employees, and to oorry part to a Reserve ... Fund for the Equalisation of dividends, and "" for the distinct object of starting or investing in suoh local industries in the distriot, 0v as will prove conduoivo to'the welfare of the shareholders, employ labour, and pro--50 mote the wealth and population of the district. The Association will wherever and others, and subjcot to tho consent of 50 tho shareholders, endeavour to ally itself, 0 amalgamate, with similar institutions, and thus by sharing the cost of management qo and conduct of business, reduce expenses 2? and enlarge its sphere ot usefulness. '? This is far irotn being a.Bpeoulative con< _■; corn,' The businesses of the vendors have «0 been oarried.on:BUcocssfully for, the last twenty-five years j and the promoters have 75 such confidence in the future of the Association that they are prepared, so long as Mr 00 Caselberg is' allowed a controlling voice in 75 the management of the concern as hereto. 45 fore, to guarantee a dividend of hot less than 0 per cent for the next 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 carry on tho business on tho new lines with Mr Caselberg atthchesd of affairs, assisted , n by all the present staff, many of whom '0 have been known to you for the last fifteen years, f8 .■ Disinterested experts will be employed to certify tbatstooks have been taken at abso 30 lute cost, and all bad or old stock has been X) reduced to the market value or taken away jq altogether, )q '■ Book debts taken over are 1 guaranteed against losb by the vendors; Tho following contracts have been made, namely:- . |E 1, A contract between Messrs MCasol* U . berg & Co,, and the Association, ot 2, A contract between - Mcssis Joseph st Nathan & Co,, and the Association in Applications for shares should be made . upon the accompanying form, and forwar[6 ded to the takers 0' tho Association, l( j together with the amount payable on appli- _ cation, If no allotment is made the v deposit will be returned without,deduo- ' lion, and where.the number of shares 1 allotted is less than the number applied for, 18 surplus will bo credited in reduction of tho amount payable on allotment, A form of Application for Shares is an- _■ hexed, and a'copyot the memorandum of Association will be found endorsed on hisprospeotus. Aoopyofthe ! Arttolesof Association, and of the contracts above mentioned may be inspected at the office of the Association's Solicitors Dated this day of 1892. (Signed) M, CASELBERG & CO, (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882," I ASSOCIATION LIMITED BY SHARES, B ~ ■ MEMORANDUM OP ASSOCIATION Ol' THE WAIRAKAFAFARMERB' CO-OPER. ATIVE ASSOCIATION, Limited. ' (rOHSIBBUH. OASELBEBG AND CO,) 1. Tho name of tho Association ia "The WaibabapavFaemees'. Co-operative 8 i Association, Limited," 2, The Registered Office, of, the Association . ; will be situated in Masterton, in the e ! Colony of Now Zealand, , l. 3, The objects for which : the Association i i established ore:— • . s ' (A, To acquire by purchase, as a going concern, ! scnal),. book debts, and good will of the : business now earned on by McfSr* M, ! Caselberg and Co,, of ! Masterton' and ! Greytown, Storekeepers; and tho prem- , ljes where that business is now being car ■ ricd onatMastertonand6rcytowa;;alßo scnal), hook debts;, and goodwill of the :'; i retailibiisihess .how' carried on ! by Messrs : Joseph Nathan & Co,, at Tinui, in tho 1 District of Wairarapa j and to take over the said businesses as going concerns, as on and to pay for the same either by shares wholly paid up, or by shares partly f pauJ '< up, or by cash, ■ or partly in on.e of such ! ways andpartlyin'another, > . ;.. (b.) To accept, take ovor, undertake, and cany ■ on) to completion all contracts, engage- ,' racnts, and liabilities entered into or in- , | curred in connection with the said' Dusi:ncss or either of them, '■'■■ (o.) To carry on in tho/?MrapipMrlot, and '■•'' ■ e l s 9?kra,in,fc.Zealand, am! inany <; Wholesale ueueiai'Merohahtsund Mauufai- : turere, 'an'd'ReWljGeiieral Dealers and '■ Shopkeepers, and'Eajmors and any other ' business, trade, or occupation (whether of a similiar land to fee specially named or ; not) whM i tto Directors may from' time' : capital of the Association npon, or join in/ and 'bo that in l every ; cas» the Directors ■ shall have power, to enter upon, and carry on any business upon co-opirative prin, . 'tlples,. '. :•->: (b.) To purchase stock urtradefbr suohbusi. ; npss, from time to time, upon such terms ' ;as to the Directors shall seem fit - EiVFrom time to time.to,purchase, accept < '■ -leases for terms of years of, or acquireon " |anyother tenure,land,',stores,shops, and > . j other buildings,' whereon the business 'ot