Page 4 Advertisements Column 5

Wairarapa Daily Times, Volume XIII, Issue 4088, 13 April 1892, Page 4

PBOBPECTUS' Co 1 Association) [LIMITED.] ' : (Formerly M. Caselberg & Co',) Incorporated under " The Companies Aotj 1882," i V CAPITALjIgIOO,OOO; Divided into 20,000 Shares of £5 ea'oli i wiih power: to : increase as raj quired.;' Payable as follows: 5s on. application, 6s on allotment, 6s every three months until £1 is paid, 1 and" the balance by calls. It is not anticipated that it will b(j necessary to call up any further Capital beyond Sil per Share, bull in no case will further calls be' Directors: MYERCAaELBERG.EsQ.' WILLIAM HENKSf HOSIiING, M.l), LIONEL OASELBERG, ESQ. A. W. CAVE; Esq DAVID JOSISPH NATHAN, ESQ. DONALD DONALDEbq LOUIS JOSEPH NATHAN,.Esq, WITH POWER 10 ADD 10 THEIR MDMBKB. THE BANK OF AUSTRALASIA. Secretary: D.McINTUSH, Solicitor: A. K, BUNNY, fisQ,, Maaterton, MASTERTON. Branches: - GEEXTOWNANDTINUI. PKOSPECTUS, THE association has been formed'for the purpose of acquiring the old established and successful General 7 ness of Messrs M. Caselberg k Co., at Maaterton 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-operative principle under i which shareholders and customers .61 the Association will eharo 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 which is endorsed on the chief centres, commodious business premises ropletowith facilities foreconomi cally and expeditiously carrying on tho di!' tribiiting trado.

Experienced managers, with a thorough knowledge of local requirements aco indis. jensible for the efficient conduct'of the rasiness, end for keeping Rood saleable clean stocks, ~ It is necessary to know'in what markets at lyhat'seasons, and in what qaantitieg 'to buy thdirrequirements. It is ! of even greater importance to know how, where, and ' to the best advantage, But the real difflcul' tits of all suoli institutions is the beginning ; for they must have capital ,at command, and have such.fioanoial arrangements, hot only in the Colony, but.in the various, markets of the world,, as will iuspiro the utmost confidence to enable it to build up a first.-oloss credit and good name, and thus transact 1 business on rockbottorii limits, '' ;1 ' . ■ 1 mentot expenses will 1 belong to, and be distiibuted amongst tho shareholders, It is at present proposed after payment to of a dividend: of-7per ,oent of paid up capital to divide mrt of the balance of tho profits amongst He sbarenolders, according to the amount of business done by each,, and a bonus to employees, and to carry, part to.a. Heßerve Fund lor the equalisationof dividends, and for the diatinot object of starting or investing in such local industries iu the district, as will prove conduoivo to-tho welfaro of the shareholders, employ labour, and proinotOithe'wialth and.population of the district, Tho Association will wherever sufficient induepment is offered by settlers and others, and subject to the consent of i, endeavour to ally itself, o amalgamate, with, similar institutions, and .conduct of business, This is far ir'om cerni Thebusife,.,., __ „„„ been carried' On 1 successfully; for ' the last twenty-live years; and the promoters' havi such confideuce in the future of the Assoc! ation that they are prepared, so long as Mr Caselberg is allowed a controlling voice in tho management ef the concepr as heretofore, a dividend'of not less than G per cent for the nest five years.. It should be'plainly Understood that' the promoters do not deaire. now, t nor,in the futuro, to-take out their capital, but to car>y on the business on the now lines with Mr Caselberg at the heed of affairs, assisted by all the present staff, many of whom r 1 J J ] J ] I i at abso lute cost, and all bad or old stook has been reduced to the market value or taken away altogether. Book.debts taken over are guaranteed against loss by the vendors, The following contracts have been tnado, namely s—--1, A contract between Messrs M Case berg & Co,, and the Association, 2. A contract between taessis Joseph Nathan & Co,, and the Association Applications for shares should upon the accompaDyinir form, and forwarded to the Bsnkeis o the Association, together withthe amount _ cation, If no allotment is made the deposit will bo returned without deduc tion, and where the number, of. sharei allotted is less than the number applied for, surplus will be credited in reduction of " amount payable pn allotment!;. " AJprm of Application fgr 'Shares is p (lejed, and a copy of the. tfieiflorpiiuri) Cjf Assopiatioo -wilr be found endorsed on his'prospeistits,' A ?opy qf the Articles of Association, and of the contracts above mentioned may be inspected at the office of tho Association's Solicitors Dated this day of 1892, (Signed) M, CASELBERG & CO, (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES, MEMORANDUM OF ASSOCIATION OF THE WAIItAKAPA FAEMEUS' CO-OPiiß' ATIVE ASSOCIATION, Limhed, (FOIIMEBLY M. OASELBEBO AND CO.) ; HTT 1, !flie gap of tho Association Is " The Waiiukapa pAniiEns'" Co ; opkiutive Association, Limited," !. The Registered Office of the Association will be situated ,in Masterton, in the Colony 'of Now. Zealand. ■ " I, Tho objects for which the Association i ( establishedore (a, To acquire by purchase, as a going concern tho Btock in trade/property (rc'al'and perBijna} , boo]{ debts,: at)d'tt(i(l wi|} pftHg tpte MesOT''M. Cpselbprg 'am) of •- Mmertor am Grcytow Storekeepers; arid tho prem net where that business is now'being oar ried'on at Mastertori and Grey town; also to purchase; a's'a'going concerh, the stock in trade,' property (real and personal), book debts;, and : gootd ; will of the retail business 'bow cartiedoii Messrs Joseph Nathan' Co;, at Tinuij mthe District of i "VVairaWpi'; arid' to take over the said businesses as going concerns; as oh Spd to pay fpr (lie'sanip'e|t|ipr biNbarei jholly paid w>, or by shares partly pan} pp, pr by, cash,- or. partly-in one of «•«'• (t.) out to oomplfltlon all oohtracts; raents, and liabilities entered into or incurred in connection with the said budneeg or either of them, , , (c.) To carry on in the Vairarapa District, and elsewhere in New Zealand,'and in any pirt of the world, the businesses of Wholesale Ueueial Merchants and' Manufacturers," and Retail : General Dealers and Shopkeepers* and Farmers and any other busing, trade, or occupation (whether of not) which' -tho Directors insiy from time (o'tipe think it advisable to capital of'tiie Association upon or jo® in, iin'fl so ij't |n: everjf'ca.se the Pirectors shall have powef t° eß kf u P OI| i and carry oji any biisinegs upon po-optratiyr ciplea, .' (D.) To purchase stook in, trade form, nesa, from time to time, upon such terms as' to the Directors shall seem' fit E.) From time to time to purchase, accept 'eases for terms of years otj or acquire on ' py other tenuro, land, stores, shops, and ' otherbuildinift whereon the business of