Page 4 Advertisements Column 8

Wairarapa Daily Times, Volume XIII, Issue 4096, 25 April 1892, Page 4

. PBO9PECTUS ■The Wairai'apa Farmers' Co-Operative Association, [LIMITED.] (Formerij Caselberg : & Co.) Incorporated under'" The Companies-Aot, 1582." CAPITAL~^IOO,OOp; Divicled into 20,000 Shares of £seach,' with ;power to increase as re» . quired. Payable as follows: 5s v on application, 6s on allotment, 1 ■ ' 6s p.vfery three Months until £1 is paid, and the balance by, calls. It . is not anticipated that it will be 1 . necessary to call up any further . Capital beyond il per Share, but

, in no case will farther calls ;be ■' made exceeding 2s 6d per month* ..■> Directors: w i i MYER OASEtBERGiEsij; i ; ' : WILLIAM'HENuy HOSKING I 'M,D. n LIONEL CASELBERG, ESQ; A..HV,. CAVE.Ebq DAVID'JOSEPH, 'NATBAN'.Ejq.. DONALD DONALD Esq . LOUIS JOSEPH 11 NATHAN, Esq. ' WITH POWERTO ADD TO IttEIR NDMBSB. ■' Bsiikfirs 1 ' THE BANK OF. AUSTRALASIA .^ Secretary: ,v ", : ■ D. McINTOSH. 11 • - Solicitor : i-A. Bi BUNNY, Esq., Maaterton.i • ,;v ; Head Office:. , !■. MASTPTOJN. i, ' Branches:

PROSPECTUS. '•=• TEE ..associationhas ,been formed- for, the purpose, of acquiring tho ; old established and - successful General Businessl of Measra'•M. 1 'Caaelberg Co.,' ait Masterton. and.;Greytown, :'and i Messrs Joseph Nathan & Co.'a Retail Business at, Tinui, in . the. Wairarapa DUtrict, and hiieaftei; tocarry.on a general biiiiness upon the - co-operative principle "under- 'which' shareholders, and oustomera. of tha Association ifill shate,in,the profits, according to methods to lie dstermined ..from time, to time' by' the' Dirdotori,' and' for ttie other purposes mentioned in the Memorandum of Association, a,copy of which is l endorsed on this prospectus. ,i ; An association of this nature requires, in tho chief centres, commodious business premises cally and expeditiously oarrying off the dis-. tributing trade. Experienced - managers with 1 a thofoffgh knowledge of local requirements are indispensible for the effiojent- conduct of tbo business, .and for keeping good saleable clean stooks, j It ia necessary to knoW in what markets. at what seasons, and in'what quantities to buy thcir requirements. lt is of even greater fmportancij.toknow how, where, and when to export or 'otherwise dispose of the produce to the bestadvant-age, But tho real difficult ties of all such institutions is the beginning ; for they miist' have capital: at command, and bay© such, financial arrangements, not only in the Colony, but in,the • vanotis markets of tho'world, as will inspire the utmost confidence to'enable'it' to build up ajirst-olass credit and good name, apd thus transact business on rook bottom limits,

■ TKo profits of the.Assooialion aftet paymentot expend will belong'to','and be distributedamongßt. Ihe slihrelioWers. It is at present proposed alter, payment to shareholdeiß of -a.divldond ol 7 per cent upon amount of paid, np capital to "divide part of the profits amongst the shareholders, the amount of business dono bj'eaoh, and a bonus to employees, and to oarry part to a Reserve Fund fortho dividends,' and for the distinot object ,of starting or invest- 1 ing in sueh loeal industries in the district, ae will prove conducive to the welfare of the shareholders, employ labour, and promote.the wealth and population of the district, The Association will wherever iuffioientjnduoemenU? offered by settlers and others, and subject to ithc consent of| the shareholders, endeavour to ally itsel"

oj amalgamate, with simiSar institutions, and thus by. sharing the cpßt'of management and cbnducl, of business, reduce espouses and enlarge its sphere of usefulness, This is far from being a 1 Speculative' concern, ' 'i'ho businesses of the' vendors have been carried , on' 11 successfully for the last twenty-fivo years j and the promoters have such confidence; in the futuro of tho Assooi-' ation Uiat they arc. prepared, solong.as Mr Caselbwg is .allowed a [Controlling voico:in the management of the concern as hereto-, fore, to guarantee . a dividend of not . less than' G'pei: cent £6r,tho;next five years,, : It should be plainly understood tbat tlie promoters do'not deaire how, nor in the future; to fake out their capital, but to carry on tho business on the new lines with Mr Caselbcrg at the bead of affairs, assisted ;by all the present staff) many of whom have been known to you for the lost fifteen' years. . ! .' '.- Disinterested experts will bo employed to . certify that stooka have been taken at: abso lute cosi, and.all bad or Old stock-has been reduced to the market value or taken away altogether,., . . .Book 'debts token oyer,are guaranteed against loss by the vendors, ;/ 1 The following contracts havo been made, namely:— ' ' ' 1, A contract betweenlle'ssrs M Case * berg & Co., and the Association,' 2. A contract between, iiessis Joseph Nathan & Co., and the Association Applications for shares should be made upon the accompanying form, and forwarded to tho Bsnkers o' tho Association, together with the amount payable on application, , If; ho'allotment is madn the deposit will bo returned without deduction, and where the number of shares allotted is IeBS than the number applied for, surplus will bo craiited in reduction of tho amount payable on allotment. A form of Application for Shares is annexed, and a copy ol tho memorandum of Association jrill be found' endorsed on hisprbspeCtds, A copy of the Articles, of Association, and of tlie contracts above mentioned may be inspected at the office of tho Association's Solicitors' Dated this day of 1892. (Signed) M,CABELBKIJG ! & CO. (Signed) JOSEPH NATHAN & CO. "THE COMPANIES ACT, 1882." . ASSOCIATION LIMITED BY SHARES, JIEMOBAKDI'M Ol' ABSOCIATION 01' THE WAIKARAPA FARMERS' CO-OPEH-ATIVE ASSOCIATION, Limited, (KOIIMBBLY H. OABELBEM AND CO,)

1, Tho nnmo of .the Association is "Thk WAIIUBAPA: 'FaIiMSIIS'.i > Co-OPKBATIYE ■ Association, Limited." . 2, The Registered '.Office of the Association will bo situated in' Mastcrton, in the 1 Colony of Now Zealand. • • ■ 3, Tho objects for. which tho .Association is established are':— (a. To acquire by purchaec, aa a going concern tho stock in trade, property (real and personal), book debts,, and good will of the business now earned • on- by Mew M, Casclberg,and Co, r pf.Mastcrton and Grey town, Storekeeper j and the promlscswhcro that business is now being carried on at Mastcrton and Grey town j also : to acquire by,purchase, as a going concern/ the stock in trade, property (real and personal), book debts;, and good will of tho retail business'now, carried on by Messrs Joseph Nathan & Co., at Tinui, in the District of TOrarapa; and to take over the said businesses as going concerns, as on and from the first day of February, 1892, and to pay for the same cither by shares wholly paid up, or by shares partly paid up, or bv cash, or partly in one of such ways and partly in another. (b.) To accept, toko over, undertake, and carry out to completion all contracts, engagements, andhabilitieu entered into or incurred jn connection with the said business or tither of them.' (c.) Tocarryon in the WairarapaDistrict, and elsewhere in Now Zealand, and in aiiy pirt of the world, the businesses oftyliolesale Ueuctal Merclia&ts and Mannf«iturers, and Retail General. Dealers atad '' Shopkeepers) and Farmers and any'other businest, trade, or,occupation(wbethcrof . a Bimiliar kind to those specially named or not) which the Directors may from time to time think it,advisable;to embark the capital of tho Association upon or join in/ and so that, id every case tho Directors ' shall have power to enter upon, and carry on jaay business upon co-optrative prin> (d.) To purchase stock'in trade for such business, from time to.time,.upon suoli .terms as to tbe : Dire'ctora shall seem lit'. &) From time to time to purchase, accept j cases lor.terinsot yearsot,.or eoquireon any other tenure, land, stores, shops, and ! .other the. bupqsj|,of