Page 4 Advertisements Column 5

Wairarapa Daily Times, Volume XIII, Issue 4089, 14 April 1892, Page 4

PKOBPEOTUS' ~ f _ - aimers i Co-operative Association, 5 ( [LIMITED.];: • (Formerly il, Caselberg '& Co,) Incorporated'under:"'Tho Companies Act,! ( 1582," - ; CAPITAL^IOb^OO; Divided into 20,000 Shires of £5 eaoli.i quired. Payable'aa follows: 6s on application, 5s on allotment,- ( 6s every three months until £1 is paid, and the balance by calls. It; is not. anticipated that it willbe necessary to call up'any: further! ' Capital beyond £1 per.Share, but; in no case will further calls be 1 made exceeding 2s 6d per month. l Directors: MYEROASELBERajsQ. i 1 WILLIAM HENM HOSKING, M.D. 1 LIONEL CASELBERG, Esq. A..W,'OAVE,Esq ' DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq ' LOUIS JOSEPH NATHAN, Esq. WITH POWEBIO ADD TO IHEIB NUMBER. '. THE BANKOF AUSTRALASIA.Secretary: D, MoINTOSH, Solicitor: A, lUUNNY, Esq., Masterton, MASTEBTUN. QREXTOWN ANDTINUI. THE association has been formed for the purpose' of' acquiring' the old' established and successful General Busk uosb of' Messrs. M, Caselberg & Co., at 1 Masterton and Greytown, ■ and; MessrsJoseph Nathan &Co.'s Retail Business.at Tinui, in the Wairorapa Distriot, and: hereafter to carry on a general business uponi the .co-operative principle.- under which shareholders and customers of the Association will sharo 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 repletewilh facilities for economically and; expeditiously oarrying on the disi 'tributing trade. '• Experienced managers wjth a thorough knowledge of local requirements are indis u pensible fortbe elhoient conduct'of tbo business, and for keeping good saleable clean stocks, ■ It is necessary to know in what markets, attthat seasons, and in what quantities to buy theirrequirements. -It is of oven greater importance to know bow, where, ana when to exportor otherwise dispose ofthe produce to the best advantage, But the real difflculo tics of all such institutions is the beginning; for they must have capital at command, and'bave such'financial arrangements, not only in,the Colony, but in the various markets 'of the' ; world,'as will inspite the utmost confidence to enablo it to build up-a first-class credit and good hamo, and thus transact business on rook bottom limits, : ' -~' ..■■:■■■ The profits of the Association after payment ot expenses will belong to, and be distributed amorigst. the shareholders. It is at present proposed' after' paymout to shareholders of a dividend of .7. per oeut upon amount of paid'up capital to divide part of iho balance of the profits, amongst the'shareholders, according to the amount of business done by each, and. a. bonus to employees! and'tbearry part to 1 a' -Eeserve Fund lor the equalisation of dividends, and for the dutinct object of starting or investing in sue!) local industries in -the .district, as will prove condiioive to the" welfare of the shareholders, employ labgur, ajd pro, niote the wealth aud-p'opulation-'of the district. The AsßOoiation will wherever sufficient inducement is offered by settlers and others, and subject to the consent of the shareholders,: endeavour to' ally itself, o amalgamate, with similar institutions, and thus by sharing the cost of management and - conduct of business, reduce oxponees and enlarge its sphere of usefulness, ' ' This is far irprn bejnp a jjpMlfttivo-eops cerp, 'L'he'busiriessesof the vendors have been carried on'successfully >f6r ; ,the.laat twenty-five years; and'the promoters have such confidence in tho futuro of the Association that they are prepared, so long as Mr . Casolberg is allowed a 1 controlling voice in the management of the concern as hereto; fore, to guarantee' a dividend of, not less than G per cent for.the next five'ye'^ra, It shpuld'be plainly underwood tbijt fhe promoters do nbt.oegire gpr-jft .ijjej fuiyre, to Me out'' their "capitjl, -Out' (g cariy,on,thebusinessonthonewlines with Mr Casdberg at tho head of affairs, assisted; by all the present.staff, ma'ny-of whohY nave been known to you for the last fifteen 1 years. ! Disinterested experts will be,employed to' certify that stocks have been taken at alio lute cost, and all bad or old stock has been 1 reduocd to the rharkot.value or taken away! altogether. Book debts taken: over, are-guaranteed; against loss by the .vendors. ~ - Tho following contracts have been made, namely:1, d contract between Messrs MCsse2, A contract between' hessis'Joseph Nathan it Co., and the Association Application's for shares should be made 1 upon the jjcpoinpanyinp forijo)j'aid,, forwarded tq the Bf njteiß; o ' tjie ,As,Bqciation,J , together.withtho amount payable on'appli-' cation, : If no allotment is made the ; deposit will be returned without deduction, and-where-the number -of shares , allotted is less than the number applied for,' surplus wih be credited in reduction ofthe , amount payable oh allotment, ■', . A form of Application for. Shares is an- . nosed, and a copy of the memorandum of 1 Association will be found, endorsed on hisprospeotns.' A copy of the, .'Article's of 1 Association, and of tip contacts above inentipned pirjy be jnspepted aj'thVqfilpe' of : the Association's Solicitors "' Bated this day of 1892, (Signed) M, CASELBEKG<fc CO. (Signed) JOSEPH NATHAN <fc CO, r "THE COMPANIES'ACT, 1882," .. ASSOCIATION LIMITED, By SHARES^ MEMORANDUM 01'' ASSOCIATION OY THE,; 3 WAIItAKAPA FAMEB8 1 COPPER. ATIVE ASSOCIATION, Limited. ' (FOBMEELVM. CASEUKBO AND CO,) t 1, The name of the Association is " Tut WAIMBAPA FABJIEBs' CO-OWffIATIVS Association, Limited." 2, The Rvgistered Office of tho Association will be situated in Masterton, in the Colony of New Zealand, J),Thepb'jeptsfor whiph'the established ore ; (A, To acquire by purchase, as a going concern the stick in trade, property (real and pep spna]), book debts, and good will of th(i business now carried on by .Meran Mi Caselberg -and' C 0,,; of Masterton and ' lses where, that business is now being carV ricd ou at Masterton and Grcvtown j also . to acquire by purchase, aB a going concern) the stock in trade, property, (real and per : Joseph : Nathan & Co,, at Tinui, in tho PUtnPt of i and 'fo false ovet ; tb'c Bald bjjßinpssps.as going conperps, as op aud from the; first dayif February, J8.92, and to pay for the','sarne.oithcr.by shares wholly paid up, or .by- shares partly paid up, or oy casn, or partly iu one of such ways and partly in another,'- ■; (g.) Tp accept, take over; undertake, and cany .opt'to'po|jjil|" -••--•--■- purredm.connectura.wifh the said-pusif nirt of the world, 'ho businesses of Wholel .sale Ueitpta) Merchants and Manufati . tu'rerg, .am) Retail general Poaleps am) Shopkeepers) and Farriers and any other business, trade, or occupation (whether of ' not) which' the Directors may from time to time think it advisable to. embark the; capital ofthe Association upon or join inj and bo , that in ; evcry; case tho Directors shall have power to enter.uppu, and carry on anybußiness upon.'co-opirative principles, -'•'■ ■'..; ' .';.-, as to the Directors Bhall;seem it: ; !,) Fromtinie to time to.purchase, accept I eaßes tor terms of years pt^orscquireon ■■'■•'• any other' (enure,- land,' stores/shops; 'and '•',- other bMildinqfi, vbcreon tb© i kiin««j>f