Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4085, 9 April 1892, Page 4

Co-Operative Association, LIMITED.] (Formerly M.'Caselbatg & Co.) ; Incorporated wider" The Companies Act, ' 1882," CAPITAL7&OO,OQO; Divided into 20,000 Shares of £6 eaob, with power, to increase as re« quired,-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 be necessary to call up any further Capital beyond £1 per Share, but in no case will further calls be made exceeding 2a 6d ijer month. Directors: MYERCASELBERG.Esq. WILLIAM HENM HOSKINQ, M,D, LIONEL OASELBERG, Esq. A.W.OAVE.Esq DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq, WITH POWER 10 ADD TO THEIR NOMBEB. THE BANK OF AUSTRALASIA. Secretary: D.MoINTOSH, Solicitor: A, R. BUNNY, Esq.. Mastorton, MASTERION. GREYTOWNaNDTINUI. THE association has been formed lor the purpose of acquiring tbo old established and successful General Business of Messrs M, Caselberg, & Co,, at Masterton and Greytown, 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 principle under whioh shareholders and customers of the Association will share in the profits, according to methods bo datermincd from time to time by the Directors, and for the other purposes mentioned in the Memorandum of Association, a oopy of whioh is endorsed on this prospectus,. An association of this nature requires, in the oliief centres, commodious hnninpnn premises repletewith facilities foreconomi. cally and expeditiously carrying on the disi tributing trade. Experienced managers with a thorough knowledge of looal requirements are indis. pensible for the efficient conduct of tho business, and for keeping good saleable clean stocks, . It is neoessary to know in what markets at what seasons, and in what quantities to buy their requirements. It is of even greater importance to know how, where, and when to export or otherwise dispose of the produce to the best advantage, But the real difficuK ties of all such institutions is the beginning; for they must have capital at comniand, and have such finanoial arrangements, not only in the Colony, but in the various markets of the world, as will mspire tho utmost confidence to enablo it to build up a first-olass credit and good name, 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 after payment to, shareholders of a dividend of l per oent upon amount of paid up capital to divido Hurt of Ihehnlnnnnnf (ho nmlitu m,™..! ) the shareholders, according to the amount of business done.by each, and a bonus to etnployeoß, and to oarry part to a Reserve , Fund for the equalisation of dividends, and for the distinct object of starting or investing in such local industries iu the district, ' as will prove conduoive to tho welfare of the shareholders, employ labour, and pro- ) mote the woalth o,ud population of the district, Tho Association will wherever auDioientinducement is offered by, sottlers and others, and subject to tho consent of ) tho shareholders, endeavour to ally itself, o. amalgamate, with similar institutions, and thus by sharing the cost of management , and conduct of business, reduce expenses and enlarge its sphere of usefulness, . This is far from being a speculative con- . cern, Tho businesses of tho. vendors have ' been carried on successfully for tho last twenty-five years; and the promoters have such confidence in tho future of tho Association that they are prepared, so long as Mr ) Casclberg is allowed a controlling voice in the management of the concern as hereto- , fore, in guarantee a dividend of not less than 6 por cent for the nest 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 car yon the business on the new lines with Mr Caselberg at tho head of affairs, assisted by all the present staff, many of whom ' i.ave be» n l""»™''" ™>''"» *y>' !«■* «(•»»« years, Disinterested experts will be employed to certify that Btoeks have been taken at abso lute cost, and all bad or old stuck has been reduced to the market value or taken away altogether, Book debts taken over are guaranteed against loss by the vendors. . Tho following contracts have been made, namely;— 1, A contract betweon Messrs M Case* ' berg & Co,, and the Association, 2, A contract between tarns Joseph Nathan & Co,, and the Association ' Applications for shares should be made upon the accompanying form, and forwarded to the Bsnkets o the Association, togcthor with tho amount payable on application. If no allotment is made the deposit will bo returned 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 ot the memorandum of Association will be found endorsed on hispiospeotus, A copy of the Arttoles ot Association, and of the contracts above mentioned may be inspected at the office of the Association's Solicitors Dated this day of 1802, (Signed) M.CASELBEEQ.SCO, (Biped) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882." ; ASSOCIATION LIMITED BY SHAHES, MEMORANDUM OP ASSOCIATION Of THE WAIKARaPA FAKMEKS' coc-pur-ATIVE ASSOCIATION, Limited, (FOBMKBLTM, OABELBEBG AND CO.) 1. Tho name of the Association is " The . Waibarapa Farmebb' Co-operative Association, Limited," 2. The Etgistered Office of tho Association will tin rihintnl in Ma>tjn.fan i- 11.. Colony of Now Zealand, 3. The objects for which' the Association i established are:— • ■ ; s (a, To acquiro by purchase, as a going concern sonal), book debts, and good will of the business, now carried on by Messri M, Greytown, Storekeepers j and the premried on at Mastertonand Greytown; also to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts;, and good will of the retail business now carried on by Messrs Joseph Nathan & Co,, at Tinui, in tho District of Wairarap'a; and to take over . .. the said businesses as going concerns, as on aiid from the.first day of February, 1892, and to pay for the same either by shares wholly, naidun, or by Bhares partly; paid up; or by cash, or partly in one of such wayß ana partly in another, . . (b.) To accept, take over, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or incurred in connection with.the said business or either of tberh, (o.) Tocarry on to the WairarapaDistrict, and 'elsewhere in New Zealand, and in any pirt of the world, tho businesses of Wholeturers, and Retail General Dealers and Shopkeepers, and Farmers ami any other business, trade, or occupation (whether of a similiar kind to' those specially named or not) which' the Directors may from timo I' to time think it advisable to embark the ' capital ofthe Association upon or join in, . ; and so' that in every case the Directors shall have power to enter upon, andcarry ■•■ op. any business Upon ,co-optrative prin.'cipleV ■'• •.''■■ -''i' ■"'■:' : (d,) To purchase stock in trade for'such busi- :• ness, from time to time, .upon3uch terms 1 : as to the Directors shall seem fit.. ■ E.) From tittle.'to time to'purchase, accept leases for term's of years bf, : or acquire on any other tenure, land; stores, shops, and otherbuildihg^'Wlereonthe business of