Page 4 Advertisements Column 5

Wairarapa Daily Times, Volume XIII, Issue 4091, 19 April 1892, Page 4

PROBPEOTUS The Wairarapaf armers'; '"o-Cperative: Association, '[LiMITED,] .'(FonnerlyM,* CaSelberg &Co.) Incorporated under " The Companies Aot,. . ; -,.: ' 1582." ; ' ': : '\ i' ?; V , CAPITAISwpO;; ~ Dividedinto2o l pooSh'aiesof£seaob, with power to 'increase as requited. Payable as follows:'6b on application, 6son'allotrnei;t, 6s 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 beyondil'.perlShare;, but in no case will further calls be made exceeding 2s'6d per month. . Directors: ' | MYER.CAbiSLBERG.Eso.; i { ' WILLIAM HENRfifIOSKINGr, M.D. LIONEL OABELBERG, Esq. ' A.W. OAYB,Esq > •: DAVID JOSEPH NATHAN, Esq. ~ DONALD DONALD Esq' LOUIS JOSEPH NATHAN, Esq., " WITH POWER TO ADD TOIHBIE HUMBBB, ■ Sanksrs * '' ,! THEBANKOIAOSTBALASIA. Secretary: | D. MqINTOSH. ! Solicitor: A. K..BUNNY, Esq., Mastorton. MASTERTUN. • Branches: • GREXTOWNaNDTINUL, THE association has been formed: lor the purposo' .of '.acquiring the 1 old I established and. successful General Busiuess of Messrs ;M. Caselberg :4Y.C0,; at Masierton''and.. | Groytown, and Messrs Joseph Nathan &'Co/a Retail business at Tihui; in and hereafter to carry on a general business upon the co-operativo. principle uuder .which shareholders : and customers of the Association will-share inlh'e p'rofits,'acobrding to methods to be d3termined : fro'mtime to time by the Directors, and for the other purposes mentioned in the Memorandumof Association,' a copy of which is endorsed en. thisprospecjuj, ' " ; / Aft Bjsogiaiionof thla nature requires, in the ohief centres, commodious;,business premises replete'with facilities fbr'economibitlly and expeditiously oarryirig on tho diss tributingtoade..,, . '' ' ■•'' :■• Experienced managers with a'thorongh knowledge of local'requirements are indis. pensible for the iellioient conduct of the business, and for keeping good, saleable clean stocks. ■ ■',,,•■ It is necessary to know in wlratmarkets" at what Beaßons, and ;ri what,' quantities to buy the«fequkeitient's, It is of even greater importance toknow'how', when to export pr ptherwise dispose of the produce to the best advantage, But the real difpeuh. ties of all suohinstitutions isrthe beginning; for they must hftve oapital'at command, .and have suoh fiuanoial mtnts, not only, in the Colony, but in the various markets' of the world, as'will mspii e the utmost confidence to enable it to build'up afest.oiasB l .credit and go'od'h'ame, and thus transact business' on rook bottom limits, '.v- ■■ . ■• ' JllO prop of tlje Association after payment of expenses will, belong to, and bo distributed amongst the shareholders, It is at present proposed after payment to shareholders of ; a dividend of 7 per cent upon amount of paid tmpapital to, divide part of thdhalance of the profits amongßt the shareholders, according to the amount of business doiio by each, and a bonus to employees,'and tocarry part to.»'■ .Reserve Fund for the 'equalisation of dividends, and for thediitihet objiM of starting or investing in such local industries iii the district, as will prove conducive to the welfare of tj)eg!)arehplderß, employ labour. 1 and promote,'the weajth. t(W population/ of •th'el , dibtrictn : ,Tlio Association will wherever ..suflioient inducement ia offered'by settlers and others, and subject to the consent of . the shareholders, endeavour to ally itself j 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 concert, The businesses of the vendors have ' been carried,on' successfully 'for the'htsf fiyepfjitivo yefjre j and tho ptp.n>o.tera'faave such confidence in the future of the Association that they are prepared, so long as Mr Caielbergis allowed a controlling voice in the management of the concern as hereto, fore, to' guarantee a dividend of not less than 6 pef cent for the next five years, it should be plainly understood that the promoters do not desire now, nor in itho , future, to take out their capital, 'but to oar.y on the business on the new lines : with Mr C'astlberg at the head of affairs; assisted by all the present staff, many of whom Irtwe been known to you for the last fifteejj | years. ' ' ' Disinterested experts will bo employed to certify that Blocks Imve been taken at also . lute Cost, and all bad or old stuck has been tednced to the market value or taken away u|tpgether, " ' \' " ; ' Book 'debtß taken oyer are guaraptoed against loss by the vendors. Tho following contracts have been made, namely;- ; 1, A contract between Messrs M Case« , berg & Co,, and the Association. % A contract between Missis, Joseph f)afl)ap (t Co,, and the Association Applications for shares should be mqdo upon the acQompanymir r orm, and forwqrded to. the B;nkeis o the Association, ' tntrpt.hflr with thn nmniinf. nnvfthln nn nrmli.. cation. If no allotment is made the deposit will bo returned without dedudtion, and where the number of shares allotted is less than the number applied for, surplus will bo credited in reduotion of the amount payable on allotment, . A lorm of Application for Shares is annexed, and a copy ot the '• memorandum of Association; will be : found ■• endorsed on bispVospedluß. A copy of the' Artioles of Association,: and of the o6ntracts ajjove mentioned may.be inspected at the'olli'oc of the Association's tJolioitors Dated tins ...day of 1892. (Signed) M.CASELBERGci CO, |i>igned) WiEPH NATpN & CO;. "THE COMPANIES ACT, OT." ASSQOIATfON pisEp p SEiABES, iIBUOBAPDIJ.op ASSOCJATIOIJ Of.THE WAIRARAPA FARIIER§' CO-Oj>ER, ' ATIVE ASSOCIATION, LisjUßp. (FOIIMBCLVH. O.WBIDenOAND CO,) 1, The name of the Association is " Tux WAIRAItAPA Farmkbs' Co-oprpahvb ,: ;ABSOOIATIOH,'LIMrTKD." , •■ . ..": 2; Tho Ktgistcred Offico of the Association will be' situated in Mastcrton, in the Colony of Now. Zealand, 3, J)lie objects for which tho Association 1 8 ' estabjißbedafe';- •' (a, To acquire by nurcfjrise, as a going concern '■ •• the stoik'inwde.'pfonerty (real and persignal), book debts, and goodwill of the feines? now carHed.'on:by :Me»Br< % . Casefberg .ap.d.CfjofiJlas.tertdn'and Greytown, Storekeepers; /md 'fte'-pjern- : ibcb where that business is no if bcio'j pj'rr ried on.atMastertonandGr'eyt9wn'[ also to acquiro by purchase, as a going concornj the stock in trade; property (real and per. Btraal), book debts;,, and good will of the igMcehtMson and from'tho first,day of KbrSaf,-M ' ■■' and to pay to the »'tr* (ijtbprby shares wholly paid up,of by sharesjiafilyßsh) up, or by cash, or partly to, one of, surfi waya'andpartlyinanother. : (b.) To accept, take over, undertake, and cany M Muitie'B entered into or mciirfed irVconhectiorj' with the said busi'dbsßOreitherOf'them; '•" ' !l '. > : l •• --, (o,) Tffcatrybii in the'Wairarapa District, and elsewhere in New- ZealandJ anffmatjy: pirt of the world, tho bußinessea of Whole-: sale' Uenotal Merchants and Monufac-; 'a'nd Betail General Dealers and, . bitsihes»i trade, or ociiipatlon (jvlfeth.cr oj, aiimjliaf kmdto'those'Bpeciilly'j^odo' shaU have power to enter upon, and carryj ciples, , (D.) Topuroliascstocks-tradefor'auchbusi-; . iieis, from time to tiiriej upori'juoh terniB 1 as to the Directors shall seem fit i . E.) From timo to time to 1 accept - eases tor terms of years ot, or ecquireon any other tenure, land, Btores, shops, and' other buildiupiwhereoa the lusiueSs of: