Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4084, 8 April 1892, Page 4

• , PROSPECTUS ;i ' OF" The Wairarapa Farmers' Co-Operative Association, [LIMITED.] (Formerly M,Caselberg & Co.) Incorporated under" The Companies Aot, • 1882," : CAPITAM100.000; . Divided into 20;000 Shares of £5 each, .wiili power to increase .as required. , Payable as follows: 5s on application; 6s on allotment, 5s every three months until £1 is paid, and the balance by calls. It is not anticipated that it ml necessary to call up any further Capital beyond £1 per Share, but ia no oase will further calls be made exceeding 2s 6d per month. Directors: MYER CASELBERG, Esq. WILLIAM HENRy HOSKING, M,D. LIONEL OASELBERG, ESQ. A. W. CAVE, Esq "■ DAVID JOSEPH MTHAN, ESQ, DONALD DONALD Esq LOUIS JOSEPH NATHAN, ESQ. WITH TOWER l'O ADD 10 IfIBIR NUMBER. Bankers: THE BAM OF AUSTRALASIA, Secretary: D. MoINTOSH, . Solicitor: A. R. BUNNY, Esq., Maaterton, 6 5 M4STERTON, Branches: GREYTOWN aNDTINDI, PROSPECTUS. THE association has been lormed lor the purpose of acquiring tile old established and successful General Business of Messrs M. Caselberg & Co., at Mastorton and Greytown/ and Messrs Joseph Nathan & Co .'a Retail Business at Tinui, in the Wairarapa District, and hereafter to carry on a general business upon the co-operativo principle under, yhich shareholders: snd'oustomers 'of the Aasoeiation will share in the profits, according to methods to he determined from time to time by the Directors, and. for the other purposes mentioned in the Memorandum of An association of this nature requires, in the chief centres, commodious business foreconomitributing trade. - Experienced managers with a thorough knowledge of local requirements are indis. sensible for the efficient conduct of the rasiness, and for keeping good saleable It is necessary to know in what markets at what seasons, and in what quantities to buy theirrequirements. It is ot even greater importance to know how.whcro, and when to the best advantage, But the real difficul ties of all suoh institutions is the beginning;'for they must have capital at command, and bave such financial arrangements, not only in the Cbloriy, but in the various markets of the world, as will inspire the utmost confidence to enable it tc build up a firstolass credit and good name, and thus transact business on rock bottom limits. The profits of the Association after pay< mentot expenses will belong to, and be distributed amongst the shareholdi is at present proposed after payml shareholders of a dividend of 7pt upon amount of paid up capital to part of the balance of the prottts o: the shareholders, according to the of business douo by each, and a bi employees, and to oarry part to a^ Fund for the equalisation of dividenj for the distinct object of starting or ing in suoh local industries.iu the as will prove conduoivo to the wel the shareholders, employ labour,. a taoto : the wealth and population district. The Association will 1 t sufficient inducement is offered by and others, and subject to the com the shareholders, endeavour to ally] o amalgamate, with similar inßtit and thus by sharing the cost of mana] and conduct of business, reduce e: This is far irom being a speculatil ce'rn, 'l'ho businesses of the vendol been carried on successfully for t| twenty-five years j and the promoted such confidence in the future of the I

ation that the; aro prepared, so lonf Cnsolborg is allowed a controlling the management ef the concern aa foro, to guarantee a dividend of 1 than 6 per cent tor the nest five yen it should be plainly understood t promoters do not desire now,, nor future, to take out their capital, oar.y on the business on the newlin Mr Caselberg at the head of aflairsyu by all the present staff, many, of whom imvo been known to you for the last fifteen certify that Btooks have been taken at abso lute cost, and all bad or oldstook has been reduced to tho market value or taken away Book debts taken over aro guaranteed against loss by the vendors. The following contracts have beon made, namely!-' 1, a contract between Messrs MCase- . berg & Co,, and the Association. 2, A contract between taesais Joseph Nathan & Co., and the Association Applications for shares should be made upon tho acoompanyinp form, and forwarded to the Bsnkers o the Association, together with the amount payable on application, If no allotment is made the deposit will be retuwod without deduction,' and where -the number of shares allotted is less than the number applied for, surplus will be credited in reduction of the amount payable on allotment, A form of Application for Shares is annexed, and a copy of the memorandum of Association will be found endorsee liisprospeotus, A copy of the Artioles of Association, and of the contraots above mentioned may be ilispeeted at tho office of the Association's Solicitors , Dated this day of '■ : 1893. (Signed) M.CABELBEEG & CO, (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES, MEMORANDUM OF ASSOCIATION 01' THE WAIRAEAPA FABMEBS' COfOPJSRATIVE ASSOCIATION, Limited, .(FORMERLY M, CASEIBERG AND CO,) 1, The name of the Association is " The Wairarapa Farmers' Co-operative Association, Limited." 2, The Registered Office of tho Association ' will be situated in Masterton, in the Colony of New Zealand. 3, The objects for which the Association i established arei (a. To acquire by purchase, us a going concern the stock in trade, property (real and pet' sopal), book debts, and good will, of the business now carried on by Meuri JI. Caselborg and Co., of Masterton and ' Grey town, Storekeepers j and the premises where tliat business is now being car-. ~ ricd on at Masterton and Grey town; also to acquire by purchase, as a going concern, the stock in trade, property (real and per- " so'nal), book debts;, and good will of tho retail business now carried on by Messrs Jdseph'iNathai i Co., at Tinui,;intbe District of Wairarapa; and' to take over . and from the first day of February,: and to pay for the same cither by shares wholly paid up, or by shares partly paid up, or by. cash, or.partly in one of sugh •• ways and partly in another, .: (b.) To accept, take oyer, undertake, and cany o()t to "pompletion aU contracts, engagements,'and liabilities entered into or incurred in connection, with the said busi- • nes3 or either of them. "J f ' (0.) To carry on in the Wairarapa District, and elsewhere in.New Zealandj and in any ~ . put of the world, the businesses of Wholesale UeiieiaV Merchants 'anil .'Manufacturers,' and Retail General Sealers and Shopkeepers, and Farmers and any other ; b'usineSß, trade, or occupation (whether of not) which the Directors may from time " to '{imp think it advisable to embark the- ' and so that in every. ;case the Directors shall,have jower to enter upon, and carry on any business upon co-optrative principles, (D.) To purchase stock in trade fofsuch business; from time to time, upon such terms . as to the Directors shall seem fit - ;.. E,) From time io'tlme to purchase, accept leases for terms of years of, or ecquircon any other tenure,iaud, istotes, shops, and . other building, whereon the business' of