Page 4 Advertisements Column 5

Wairarapa Daily Times, Volume XIII, Issue 4090, 16 April 1892, Page 4

' PROSI'EtITUS -M ' ■— airarapa l Farmers' .Association, ( F y : Jilmited;] , : j; (Formfiriy M, Caselborg <fe Co.). i Incorporated lindet'K The Companies Act, (« / 1682> CAPITALjIeiOOjOOO; • Divided into 20,000 Bhares of £5 oaob, • wiiii : power to increase aa re- : '' ... ; quired. Payable as follows': 6s ~ ,on application, 6s on. (' 6b every three months until £1 ia paid, and the balance by calls. It ie not anticipated that it will be necessary to call up any further 1 Capital beyond 'j»l 'per Siiarej but in no case .will further"calls lie ' . made exceeding 2s 6d per month, Directos: MYER OAijELBERG.'ESQ.'' ; • ' WILLIAM HENRY HOSKING, M.I), LIONEL OASELBERG, Esq.' . A.-W. CAVE, ESQ DAVID JOSEPH NATHAN, ESQ. DONALD DONALD Esq LOULS JOSEPH NATHAN, ESQ, "WITH POWERIO ADD TO IHEIR NUMBBsi Bankers i THE BANK UP AUSTRALASIA, Secretary: : D. MoINTOSH. Solicitor: A, R, BUNNY, Esq., Maaterton. Head Office ; MABTERTUN. Branches: GREYTOWNANDTINUI, PROSPECTUS, THE .'association has been formed for the purpose, of acquiring the old established and.'successful General Business of Messrs M, Caselberg fc Co,, at MastCrton 1 and Qreytown, 'and blessra Joseph Nathan: Co ,*b ■ Retail Business at Tinui, in the Wairarapa-'District,' and hereafter to oarry on a general business upon the. co-operative: principle under which shareholders and customers of the Association will share in the profits, according to methods to ho determined from time to time by the Direotore, and for tho other purposes mentioned in the Memorandum of Association, a Copy of whioh is endorsed.on this prospectus, , ■ An association of this nature requires,,iji the ohief centres,' bommbdious business proniises repletewith facilities for economically and expeditiously carrying on the'dis* tributing trade,; .K Experienced:managers with a thoroug knowledge of,local requirementa.are indis pensible for the effioient conduct of the business, and for keeping good saleable clean stocks,... • i 'lt is necessary to knojv in what markets at what seasons, and in what quantities,to ,bij their requirements. It is of even greater importance to know how, where, and, vfl|en to exportor otherwise dispose of tlie produoe to the best advantage, But the real difficulty of all such institutions is the begin-i----ningj for they must have capital at com'niand, and have suchfiQanoialarrangbj ments, not only in the Colony, but in the various markets- of the world, as will mspiio the utmost" oonfidence to enable it to build.up'a firsUlass oredit 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 : thq, shareholders, It ] is at present proposed after payment to shareholders of a dividend of 7 per pen} upon amount of paid up capital to divide jart of lho balance of tlio profits, amongst ie shareholders, according to the amount of business done by each, . .and . a bonus to employees, and to carry part to' a Reservo Fund for the equalisation if.dividend's,'and for the distinct objiot of starting or invest- . ing in such local industries in the distriot, as will prove conduoivo to the welfare of ° tho shareholders, employ labour,' and promote the wealth aud population of the district. The Association will wherever auflipient inducement is offered by settlers ' and othprs, fttjd Btibject to t}ip oonsept pf , the shareholders, endeavour to: ally/ itself, . o amalgamate, with similar institutions, ; and thus by sharing the cost of management ; and conduot of business, reduce expenses and enlarge its sphero ot usefulness, . . , This is far from being a speculative concern; ~ The businesses of. the vendors h(we been parried oiv successfully' for tits ! lasii Uventy-flve years; and the promoters hav? such confidcnco in the future of theAssoeif ation.thut they aro prepared, so long as Mr . Caselbergjs allowed a controlling voice in : the management of the concern as heretoi foro, tu guarantee a dividend of not less than 6 per cent for the next five years, j It should be plainly understood that the promoters.do not.desire now,,nor in the future,' to' take 'out their capital,.but tp car/y on the business on thenewlines with Mr Caseiberg atthekeod'of affairs, assisted ' by all the present staff, many of whom have been : known to you for the last fifteen years. ■. : .! ■■ j Disinterested experts will be employed fp certify stocks have been taken at abso lute stock has been reduced tu tho market value or taken away altogether. Book debts taken over are guaranteed againßt'loßs:by.the vendors.. ■ - Thp'followiflg contracts have been jiade, namely';- ' 1, A contract between Messrs M Case •• . berg & Co,, anil tho Association. . : 2, A contract between liessis Joseph Nathan i Co., and the Association Applications for shares should be mado upon tho accompanying form, and forwarded to the Esnkots o the Association, together with the amount payable on application, If ! no allotment is'made the deposit will bo returned without deduction, and where; the number of. share's allotted is less than tlje lpimbep applied for, surplus will be credited in'reduotion of tho amount payable on allotment, A form ot Application for Shares is annexed, and a copy.ot the memorandum of Association will be found endorsed 'on hisprpspeotus. a eppy of the Artiolcs of 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, OABELBEEG $ CO, • (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES, SIEMOItANDDM OF ASSOCIATION 01' THE ! WAIKAHAPA FARMERS' 00-OPJSR- . ATIVE.ASSOCIATION, Limited, (FOnMEMV M. OASELtEItG AND pO.) 1, Tho name of tho .Association is "The ffAIHABAPA FAItMEItS' CO-OPEBAIIVE ABSOOIATIOS. Limited." 2, The Registered Offito .of the Association will, ( bo, situated, in Masterton, in tho '... ' Colony.of Now Zealand. 3, Tlio objects for which: the. 'Association i s established are i—(A. [To acquire by purchase, as a going concern tho stock in trade, property (real and personal, 'book debts, and'gooflwill of {He business hoW caOTd' on Caselberg and, .Co., of'Masterton and Greytoiyn,' Storekcejicre; and the iscs'whero that business is no w being..oar rifd'on at Masterton and Grey town;-also to acquire by purchase, as a going concern, the' stock in trade, propcfty:(real and per. sonal), book debts;, retail' business now carried' oh. by Messrs Joseph Nathan & Co.i 'at'Tinui, in the District of Wairarapa.! and to take ovei the said businesses as going concerns, as on and from the' first 'day of February, 1892, pjid to day for the-same .either by shares whqlly pajdpPi 'or by shares partly paid up, or by cajn.'.pr'partly inoppof aupl) ways and partly in another, : (b.) To accept, take over, undertake, and carry out' to ; oornpletlon all contracts, engagementß, and liabilities entered: into or incurred in connection with the: said business or either of them,.:. (o.) Tocarryon in the Wairarapa District, and elsewhere in New, Zealand, ; and.in any nirtoftheworld, the businesses ofWholesale I'tleueial Dlercliants/.and: Manufacturera. and Retail General Dealers and Shopkeepers, and Farmere und any. other • businesß, tradej or, occupation (whether of . a'iimiliar kind to those speciauyyarned or notHbipfr the Directors may-from time to time think it advisable, fo; e fflbf|jk'the capital of the Association.' upon -or, joih in, . and so thatin.every. case the.Duectots shall have jower to ehtor lipon, and carry On any business upon M : opirative prrnIn) ®#roM(e ifek in tra'defor'suoh buai- •" riesiWtinietptlme, ipimch terms ■ wfb the Directors Bhallseenv fit' S VFrom time'to tjme;.to puicbase/.Mcept eases tor terms pt year? ot, or ewuire on MT other 'tohijreMj stores.'shops, and otnorbuUdin?i>, whojeon the business of