Page 4 Advertisements Column 5

Wairarapa Daily Times, Volume XIII, Issue 4093, 21 April 1892, Page 4

V Operative Association, [LIMITED.] (Formerly M, Caselberg & Co.) Incorporated under The Companies Aot, 1682." CAPITAL~il00,000; ' Divided into 20,000 Shares of £5 each, with power to increase aa re> Secretary: D. MoINTOSH, Solicitor! A. R, BUNNY, Esq,, Maaterton. Head Office: MAtiTERTUW. Pv9Ylp)lOQ 1 gbextownand'tinui. PROSPECTUS, TEE association has beon formed for the purpose of acquiring the old established and successful Gonoral Business of Messrs M. Caselberg & Co., at Masterton and Greytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Wairarapa Distriot, and hereafter to carry 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 be determined from time to time by the Direotore, and for the other purposes mentioned in the Memorandum of Association, a copy of whioh is endorsed on this prospeotus, An association of this nature requires, in the chief centres, commodious business premises repletewith facilities for economically and expeditiously oarrying on the diß tributing trade. Experienced managers with a thorough aowledgo of local requirements are into. lonaible for the efficient conduct of the lUßiness, and for keeping good saleable ne ier bj itn* of ai w k ild lot (r. (o, (H on application, 6s on allotment, (i. 5s 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 beyond £1 per Share, but in no ease will further call? be made exceeding 2s 6d per month. Directors:' MYER CASELBERG, ESQ. WILLIAM HENKf HOSKING, M.D. LIONEL CASELBERG, ESQ. ,\V. GAVE, ESQ DAVID JOSEPH NATHAN, ESQ. DONALD DONALD Esq LOUIS JOSEPH NATHAN, ESQ. WITH POWBR TO ADD TO THEIR NUMBER. Bankers; THE BANK OF AUSTRALASIA, (» (< C It is necessary to kuow in at what seasons, and in what quantities to buy theirrequirements. It is ol even greater importance to know how, where, and when to esportof otherwise dispose of the produce to the best advantage, But the real difficulties of all such institutions is tho beginning! for they must havooapital at command, and have such fluanoial arrangements, not only in the Colony, but in the various markots of the world, as will luspiie the utmost confidence to enable it to buUd up a first-olass credit and good name, and thus transact business on rook bottom limits, The profits of the Association after pay' mentol expenses will belong to, and be distributed amongst the shareholders. It is at present proposed after payment to shareholders of a dividend of 7per cent upon amount of paid up oapital to divide part of ihebalanoeof tho profits amongst the shareholders,- according to the amount of business done By each, and a bonus to omplojoes, and to carry part to a Reserve Fund for the equalisation of dividends, and for the distinct object of starting or investing in such local industries in the distriot, as will prove conduoivo to the welfare o' the shareholders, employ labour, and pro mote the wealth aud population of the distriot, The Association will sufficient inducement is offered I and others, and subject to tho i the shareholders, endeavour to ally itself o amalgamate, with similar institutions and thus by sharing the cost of management, and conduct of business, reduce expenses This is far from being a 6peoulatiye con. pern, The businesses of the vendors iaye ligen (jarried on successfully for tlje lpj years | and the prompters have such confideuce in the future of the Association that they are prepared, so long as Mr Caselberg is allowed a controlling voice it the.management of the concern as hereto fore, to guarantee a dividend of not IeBS than 6 per cent for the next five years, It should be plainly understood that the promoters do not desire now, nor in the future, tO'tako out their capital, but'to car.y on the business on thenewlines with Mr Caselberg at the head of affairs, assisted by all the present Btaff, many' of whom have been known to you for the last fifteen years certify that stocks havo been taken at abso Into cost, and all bad or old stook has been reduced to the market value or taken away altogether. IJook debts taken' over are The following contracts have been piade, oeiy:i; A berg $ Co,, and the Association. j). A contract between Messis Jose r _ _ Nathan & Co., and the Association Applications for shares should be made upon the accompanying form, and : forwarded to the Benkers o the Association, ho together with the amount payable on appli> ed cation, If no allotment is made the deposit will be returned without deduc } y tion, and where the number of sharei |j e allotted is less than the number applied for, surplus will be credited in reduction of the aA form of Application for Shares is an. nexedj and a copy of the memorandum Association will be found endorsed hispi ospectus. a oopy of the Artioles Association, and of the contracts Dated this day of ipj)S (Signed) M, CASELBERG & CO" (Signed) JOSEPH NATHAN & CO. "THE COMPANIES AOT, 1882," ASSOCIATION LIMITED BY SHARES, MEMORANDUM OF ASSOCIATION Of THE WAIRARAPA FARMERS' CO-OPKR-ATIYE ASSOCIATION, LIMITED. (FORMEBUM, OABELBERQ AND CO, t, The narao of the Association iB 11 The Wairahapa Fabmeib' 00-opmutive Association, Limited," 2, The Registered" Office of the Association will be situated in Maaterton; in the Colony of Now Zealand, 3.' The objects for' which the Association i a (A, . the stock in trade, property (real and personal), book debts, and good will of the business now carried on by Metsri M. Caselberg and Co., of Maaterton and Grey town, Storekeepers j and tlie premises where that business is now Ming 'carried on at Masterton and Greytown; also to acquire by purchase, as a going concern, the stock in trade, property (real 'and per- ' sonal), book debts;, and good will of the retail business now carried on by Ifcssrs Joseph Nathan k Co., at m tbc District of Wairarapa j anij to (alff gver the sai4 businesses as png f oncernp, a; ou Slid from ike first day of February,. 1892,: and to pay for the same oithcr by shares' wholly paid up, or by Bhares partly paid up, or by cash, or partly in one of such ways and partly in another. j (b.) To accept, take over, undertake, and cariy, out to completion all contracts, i engage 1 ments, and liabilities entered into or In. eurred in connection with the said busi, ness or either of them, j (0.) To carry on in the TOrarapa District, and ' ' in New Zealand, and in'any sale total Merchants ; and' llanufaoturcrs, and Retail 'General Dealers and Shopkeepers, and Farmers and any other business, trade, or occupation (whether of ' a simillar kind to those specially named or not) which the Directors may from: time to time think it advisable to . .. , join in, and so thaHMvery case the Directors shall have power to enter upon, and carry on any business upon co-optrativo prin. : ciplCß, : (d.) To purchase stock in trade forjsuoh busi. ness, from time to time, ; upon such terms as to the Directors shall seem fit E.) From .time to tlrj}e. to purchase, accept eases for terms ot years of, or squire on any other tenure, land, stores, shops, and . other building Arson the bujiness of