Page 3 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4094, 22 April 1892, Page 3

(0, (H, (I.] K) (V 51.) (N. PROSPECTUS OF ■ The WairarapaFarn . : B o.- Operative Association, tr. [LIMITED.] ; (Formerly M, Caselberg ds Co.) ooiporated' under" The Companioß Act, 1582," : CAPITAL, >6100,000; ivided into 20,000 Shares of £5 each, with power to increase as required. Payable as follows: 5s on application, sson allotment. 5s ever; three months until II 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 case will further calls be made exceeding 2s 6d per month. Directors: KER CASELBERG, ESQ, ILLIAM HENK? HOSKING, M.D. ONEL CASELBERG, ESQ, W. GAVE, ESQ IVID JOSEPH NATHANj ESQ. JNALD DONALD Esq )UIS JOSEPH NATHAN, ESQ, 'IIH ioWEtt TO ADD TO THEIR NOMBBB,. (0. (P. • maktertun. . Branches: GREXTOWN.ANDTINUI. . PROSPECTUS, IHE association has bees formed for . the purpose of acquiring the old ;ablißhed and "successful General Busies of Messrs M, Caselberg & Co., at isterton and Grey town, and Messrs ("• seplrNathan k Co.'a Retail Easiness at Qui, in the Wairarapa Dislriot, and realter to carry on a generol business upon ) co-operative principle under which i a Beholders end customers of tho Associan will share in the profits, according to ithods to be determined from lime to (t. He by the Directors, and for the othor rpojes mentioned in the Memorandum of isociation, a copy of which is endorsed on (ut. THE BANK OJ? AUSTRALASIA, Secretary; . - D. McINTUSfI. Solicitor: A. R, BUNNY, Esq,, Mastortoji,' An association of this nature requires, in 3 ohief centres, commodious' business jmiseß repletowith facilities foreoonomibuting trade. Efyerienced, managers with, a thorough owledge of local requirements ire indisDsible for the efficient conduct of the siness, aud for keeping good saleable inn stocks, It is necessary to know in what markets what seasons, and in what quantities to y their requirements, It ib of even greater portancetoknow how, where, and when exportor otherwise dispose of the produce the best advantage, But the real difficuls of all snob institutions is thobeginag; for tliey must haveoapital at comind, and have Buch financial arrangejntß, not only in the Colony, but in the rioas markets of the world, as will IS ild up a fir&t-olasa credit and good namo, d thus transact business on rock bottom fits. The profits of the Association after paymt ot expenses will belong to, and be itributed amongst the shareholders. It at present proposed after payment to areholders of a dividend of 7 per cent ion amount of paid up capital, to. divido rt of the balance of the profits amongst e shareholders, according to the amount business done by each, and a bonus to iployecs, and to carry part to a Reserve ind for the equalisation of dividends, and r the distinct object of starting or linvestgin suoh local industries in the district, will prove conduoive to the welfare of o shareholder's, employ labour, and proate the wealth aud population of the lliciunt inducement is offered by settlers id others, and subject to the consent of o shareholders, endeavour to ally itself, amalgamate, with similar institutions, id thus by sharing the cost of management id conduct of business, reduce expenses id enlarge its sphere ot usefulness.' This is far from being a speculative conrn, 'lhe businesses of the vendors have :en carried on successfully for the last 'entj-tivo years; and the promoters liavi ch confidence in the future of the Associ ion that they are prepared, so long as Mr iselbergis allowed a controlling voice ii e management of the concern as hereto re, to guarantee a dividend of not les It should be plainly understood that the 'omotei'B do not desire now, nor in the xure, to take, out their capital, but to ,r. y on the business on the new lines < with r Casulberjj at the head of affairs, assisted l all the present BtoH, many of whom ivo been known to you for the lust fifte iars. Disinterested experts will he employed rtify that stock# have beon taken at al> te cost, and all bad or old stock has be., duced to the market value or taken away together.- : debts taken 'over are guaranteed The following contracts have, been made, imely:-, . . , 1, d contrnot between Messrs M Case«. berg & Co,, ana the Association, 2. A contract between hessis Joseph ' 1 Nathan & Co,, and the Association Applications for shares should be made pon tho accompanying 'oinvand forwarid to the Bsnkers o the Association, igether with the amount payable on appli' ition, , If no.allotment is,madn the uposit will bo returcid without deduoon, and- where the numberl of shares Hotted is less than the number applied for irpluß will be credited in reduction of themount payable on allotment, A lorm of; Application for Shares is anoxed, and a copy ot the memorandum of saociation will bo found endorsed on ispiospeotus. A'copyofthe Articles of ssooiatiot), t)nd Of the contracts above J Fi Pii Ot Bo Po lli S. Hi Hi Hi Hi Hi Hi Hi Hi H H; H: H H H A A 3 G' G G G a H H H H H H H B B fi P Association's Solicitors lated this .. day of • 1892, (Signed) Mi CAaELBERG & CO, • (biped) JOoEffi NATHAN & CO,' ,!' r fHE. COMPANIES ACT, 1882," iSSOOIATION LIMITED BY SCARES, MEMORANDUM Of jlSf OdJMIOK Ol' IKE ,VAIUAHAPA farmers' co-op**. ATIVE (rOBMKBU J!, (JASELDEHO AND CO.) The name of the Association is " The Waiiuhapa toieiis 1 Co-opebative Assooiaw, Limited," !, The Repstercu Office of tho Association '• ■ will'be situated in Mastertori, in the • Colony of New Zealand. I. Tko objects for which tlio Association i ,! established are [a,- ■ To acqu! ve by purchase, as a going concern the stock in trade, property (real and personal), book debts, and good will of the business now carried on by Metsn M, 'Caselberg and Co., of Hantertorand Greytown, Storekeepers j and the premises where that business is now being carried on at Mastertonand Greytown; also to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts;,and good will of the retail business now carried on by ! Mcssrs Joseph Nathan k Co,, at Tinui, in the . District of Wairarapi; and to take over the said businesses as going concerns, as on nud tromthe first day of February, . and to pay for tho same either by Bhares • wholly paid up, or by sharCß partly paid ' up, or by casli, orpartly.inoneof sucli ways and partly in anothoi'. (b,) Toaccept, take over, undertake, and carry out to completion all contracts, engage l racnts, Mid liabilities entered into or in currcd in connection with the said business o: either of them. (c.) Tocarryon in; he'Wairarapa District, elsewhero in New Zealand, and in any pi;t of the world, tlie businesses of Whole' , sale Ueneial Merchants and ' Manufai- ' turera, and Retail General Dealers and (Shopkeepers, and Farmers and any other business trade, or occupation (whether of a similiar kind to those specially namedor not) which the Directors may from time to time think it advisable to embark the capital of the Association upon or join in, ' and so that in every case the Directors :' Bhall have power to enter upon, and carry on any business upon co-optrative prin ; • ciples.. ~ ■ , • • (d.) To purchase stock in trade for'siich business, from time to time, upon audi, terms as to.the Directoi's shali seem fit i.) From timo to time to purchase, accep ! ~, eases tor.tsrms ot years 0f,,0r ecquireoi:. ■ any other-tenure, land, stores, shops; and other building, whereon the Mwtew.of