Page 4 Advertisements Column 5

Wairarapa Daily Times, Volume XIII, Issue 4092, 20 April 1892, Page 4

•PROSPECTUS ■.:.?'.i'''"^-.-.'-M; :: -\'.', '■'■■! :■: ■ . '■"'" the Wairarapa Farmers' Co-Operative Association, fo'v.: _ -[LIMITED.]..;:- ■ .! (Formerly M, Caselberg <fe Co.), Incorporate!!'under " The Companies Aot, (o. 1 ........ 1582," .■; .''_' "'. CAPITALJTgIOOjOOO; Divided into 20,006 Shaves of£soaob, i.'i.wiih power to increase as re* "quired. Payable'as/follow: 5s on application; 5s on allotment, ('•" ; ; 6s every three months until £1 is paid, and the balance by calls.' It ;; is not anticipated that Ml be tiecessary to call up any further A Capital beyond £1 per Share, but '■■ in no case will further.calls- be :'■ made exceeding 2s 6d per raohth, ; Directors: MYEROAHELBERGyEsQ: ' (li WILLIAM ■ HBNM-HOSKING, M J). LIONEL CASELBERG, Esq, A.W. GAVE, Esq DAVID JOSEPHNATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH-NATHAN, Esq. TOHFOWEBTO ADD TO THEIR MDJIBBR,' ' THEBANK OF AUSTRALASIA, • Secretary: D. MoINTOSH. Solicitor: A. It. BUNNY, Esq., Maßtsrton. GREXTOWNaNDTINUI. THE association has been formed for the purpose ot acrjuiring the old ,' established and successful General Busi- , ness of Messrs M. Caselberg & Co., at , Mastcrtoh and Greytown,' and Messrs t . Joseph Nathan &Co.'s Retail Business at .■ Tinui, in the Wairarapa Diatriot, arid hereafter to carry on a general business upon . tho co-operative prinoiplo under which ( shareholders and customers oftheAssooia- . tion will Bhare 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 prospeotus. An association of this natute requires, in the chief centres, commodious' business premises repletewith facilities.foreconomi- ( cally and expeditiously carrying on tho dis-. tributing trade. Experienced managers with a thorough '. knowledge of local requirements are indiß-' I pensible for the efficient conduct of the business, and for keeping good, saleable < clean stocks, i It is necessary to know iu what markets at what seasons, and in what quantities to buy theirrequirerhents. It is of even greater traportanoe to know, how, whore, and when to exporter btherwis'o dispose of the produce to the best advantage, But the real difficult tits of, all such institutions is the boginj, ning; for % must'have capital atodmV ,„ mand, and have such financial arrange[c ments, not only in tho Colony, but in the' vanoaa markets of the world, as will ; ( inspire the utmost confidence to enable it to :( j build up a first-olfiss oredit and good name, , t < and thus transact business on rook bottom 8 { limits, j, The profits of the Association after pay. ' j. mentot expenses will belong to, and be j. distributed amongst the shareholders, It is at present proposed' after payment; to shareholders of a dividend of 7 per cent upon amount of paid up capital to divide part of Ihc balance of the profits amongst the shareholders, according to the amount j pf pußJneap done by each, and a bonus to D employees, ahd to oarry part to it Eeservo uj Fund for the equalisation of dividends, and ' for the distinct object of starting or inveat- ; ing in suoh local industries in the district, as will prove oonduoivo to the welfare of the shareholders, employ labour, and proN mote the wealth and population of the district, _ Tho Association will wherever id 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 q ami conduct of business, reduce expenses jind enlarge its sphere ol usefulness,'' This is far irom being a speculative con-. cern. 'the businesses of the vendors have ,n ken. carried on successfully for the last '" twenty-live years; and the promoters ■ have •iti.l, nnnlXnlw in tl,o („(,„•» nf.tna Aufu.!. J Caselberg is allowed a controlling voice in tho management of the concern as hnretoi, fore, to guarantee a, dividei)il of not jew lll'an 6 per'cent fqr tHe next ilve years, ij should be plainly understood that the promoters do not,desire now,' nor in' the ~ future, *to take out tlieir oapitnl, but to cany on the busineß on the now lines with Mr Caselberg at the head of affairs, assisted by all the present staff, many of whom , have been kuown to you for the last fifteen ' ! years. Disinterested experts will be employed to certify thatstooks have been taken at also „ lute cost, and all bad or old stock rap bee;; reduced to the market valuo or tajteji pay altogether, Book debts taken over are guaranteed against loss by the vendors. The following contracts have been made, namely:— Jjj 1, A oontract between Messrs M Casej 8 berg & Co,, and the Association, 2. A contract between Meatus Josoph Nathan & Co., and tho Asßjpiati'on Applications for shares ghouli be niftdo : upon {)ie acooinpanyinj? form, and forwa,rded to the Bsnkeis o the Association., he together with the amount payable on applied cation, If no allotment is made the deposit will be returned without dediio> by tion, and where the number of shares ,he allotted is lees than the number applied for, ■surplus wilibe credited in rediiotion of the amount payable on allotment, A form of Application for Shares is an- . hexed, and a copy ot the memorandum of Association will be found endorsed oh - hisprospectus. Aoopyofthe Articles; 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.OASELBEBQ & CO, (Signed) JOsßPfl NATHAN 4 CO* • "THE COMTANIES ACT, ]883,"; " J PQOWUQN.WMBD BY SHARES, JIBMOBANDtW OP ASSOCIATION OF THE WAIHARAPA FARMERS' COOPJSRATiVE ASSOCIATION, Limited, (FOKMEIILYM, OAaXIDEBa ASD CO.) t, Tho name of the Association is "The WAMABAPA FAMIEBS' CO-OPKBATIYE (ASSOCIATION, LIMITED," 2, The Registered Office of the Association will be situated in Mastotton, in tho Colony of flow Zealand." 3, The objects for which the Association iB- - are:— ■•' (A, To acquire by purchase, as a going concern the stock in trade, property (real and personal), book debts, and good will of tho business now carried on by Hew ;M. Caselberg and Co., of Maatcrton and ises where that business is now being oar- ' lied on at Masterton and Grey town; also to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts;, and good will of the „»„:n„„,:„,.„ ™w ™m'»,l nn W M,««i Joseph Nathan 8 Co,, atTinm, in tho District of TOrarapi j and to take oyer the said businesses as going concerns, as on aud from tho fust day of February, 1892 ( and to pay for the' samp cither by shares wholly Md ijP, or by sliarea party paid, up, or By cash, 'or partly in 6no of siioh ways'and partly in another, j (b.) To accept, take over, undertake, and cony , out to completion all contracts, engage- "' ments, add liabilities entered into orjincurred in connection with the said, busi- ■' nesßpreithoroftliem; ■'■'• '.J 1 , (p,) locarry on in the VTairarapaDistnot, and elsewhere'in -New- Zealandj : aii(J in any pirf of the'world, the businesses of Wle! sale Uenoial Merchants,and, Ma'mifac-' turerß, ; and Ketail General' Dealers and Shopkeepers, and Farmere and any other buito, trade, or occupation (whether of ' a Bjrniliar kind to those specially named or not) which the Directors may from time • . btjme think it adyisable to embark Ihe : : :>gaplJal'oftheAssooiatiqu.uponorjoinin, "and so tliftt jn" every case' thePuectiors Shall haye power to enter upon,- and carry ;: . .ion any business upon co-opiratiye prjii, '■ ■ciptes, ; ' '' " ' , '■ ( (d.) To purohase stock In trade for such busi'ness, from time to time, upon auch terms as to the Directors Bhall.seem fit;;,-' r B,)'From time to time'to purohase, accept - any othertenure, 1 land, 1 stores, shops, and