Page 4 Advertisements Column 8

Wairarapa Daily Times, Volume XIII, Issue 4097, 26 April 1892, Page 4

. taosPEorcjs 3 '; ; ; or TheWairarapa Farmers' Co-Operative Association, ( [LIMITED.]' (Formerly M, Caaelberg & Co.) Incorporated under" The Companies Act, ( 1582," CAPITAL, £100,000; Divided into 20,000 Shares of £5 oaob, mtli , power to increase as re- ' quired. Payable as followsss on application, 5s on allotment, | 5s every three months until £1 is paid, and the balance by calls. It is not anticipated that it will bo 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: MYERCASELBERG.Esq. WILLIAM HENKf HOSKING.M.D. LIONEL OASELBERG, ESQ. A.W. OAVE. EBQ DAVID JOSEPH NATHAN, ESQ. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WITH POWER TO ADD TO THKIR NDMBBR, Bankers • THE BANK OF AUSTRALASIA, : Secretary : D. McINTOSH. Solicitor: A, R, BUNNY, Esq., Masterton. Head Office: IIASTERTON. " Branches: GREYTOWN ANDTINUI, PROSPECTUS, THE aasooiatiou has been formed for the purpose of acquiring the old established and successful General Business of Mossrs M. Caaelberg k Co., at Masterton and Greytown, and Messrs Joseph Nathan & Co .'a Retail Business at Tinui, in tho Witirarapa Distriot, ond hereafter to carry on a general business upon the co-operative principle under which shareholders ond customers of the Association will share in tHo proflts, according to methodß to be determined from time to timo by tho Directors, , and Jorthe other purposes mentioned in the Memorandum of Association, a copy of which is endorsed on this prospectus. An association of this nature 'requires, in the oliiol centtesy. commodious" business premises repletcwith facilities for economically and expeditiously carrying on the die-< tributing trado. Experienced managers'with a. thorough knowledge of local requirements aro indis. penßible .for the, ollio.ont conduot of the business, and for keeping good saleable clean stooka, It is necessary to know in what markots at what seusoDß, and in what quantities to buy theirrequirements, It is of oven greater importance to know how, where, andiwhen to exportor otherwise dispose of the produce to the best advantage. But tho real difticuU ties of all such institutions is the beginning ; for they must havooapital it command,. and bave such fluancial arrangomentß.'not only in the Colony, but,in tho vanoM markets of tho world, as will inspire the utmost confldenco.to enable it to build lip first-class credit and good name, and thus irasaact business on rook bottom limits,

.The profits oi tbe Association after payment ot expenses will belong to, and be distributed amongst the shareholders,, It is at present proposed after payment! shareholders of- a dividend of 7 per cent upon amount of paid up capital to ; divide part of lha balance of. toe profits, amongßt the shareholders, according to the amount of business done by each, arid a bonuß to employees, and to carry part to : a' liesorve Eund for the equalisation of dividends, and for,the distinct object of starting or .investing in such local industries in. the ; distriot, as will prove conducive to the welfare of the shareholders,. employ labour, and promote. the wealth and population of the district,-. Tho Association will:iwherever

sufficient inducement is offered by settlers aiid others, and aiibjeot to tho consent,of i the shareholders,'ondoavoiir to ally itself,! p. amalgamate, with' similar institutions, and thus by sharing tho cost gf management and'conduot of business, reduce expenses and enlarge its sphere ot usefulness; 1 ' , This is far iron being a speoulattye concern, Tho businesses of the vendors, have been carried on 'successfully'for the last tweniy-fivo years; and thepromoters have such confidence in the future of the Association that they are prepared, so long as Mr Gasolbcrg is allowed a controlling voice in' the management of the concern as ; heretofore,' to guarantee a dividend of ,not less than G percent lor'the next five years, < It should be plainly understood that the .promoters do not. desire now, nor in ,tho future, to take .out, their capital, : but to carry on the business on the new lines. nVith Mr Cas'elberg ot the hood of affairs, .assisted I by all the presenV staff, many oi'whom have been known to you for the last fifteen years,., , , Disinterested experts will bo employed to certify thatstooks have been taken at abso lute cost, and'all bad or old stock has been reduced, io the market value or taken away altogether... . . ■. 1 !' ,Book.dcMs taken.,over aro guaranteed ■ against' Wss by the vendors.

The following oontractß have been made, namely:— 1, A contract between Messrs M Caso - • i burg &'Co„ and the Association, , 2. Acontract'betwecn Saessia Joseph ;Natban & Co., and the Association Applications for shares should lie made upon the accompanying form, 1 and forwarded, to the Bankets o the Association, together with the amount payable on app)i» cation, If no allotment is made, j the deposit will be returned without deduction, and' where the number 1 of 'shares allotted is less than the number applied for, surplus will bo credited in reduction of the pmount payable on allotment, ... '■ A'iorm.otApphcatoon for, Shares is annexed, amlik copy. Ot the memorandum o! Association will be found endorsed on bis prospectus. '.'Aoopy of the- 'Articled of Association, and-of the contracts above mentioned,may be inspected at the office of theAjiioiationViJolioi'tdrs 1 Dated this day of 1892, ; (Signed) M, CASELBERQ ife CO, 1 (Signed) JOsEPH NATHAN & CO. "THE COMPANIES ACT, 1882." i ASSOCIATION. LIMITED BY . SHARES, MEMORANDUM OF ASSOCIATION Or THE ' WAIMttAPAFAIiMEItS' co-opkr-ATIVE. ASSOCIATION, LIMITED, (fOBMKBIYM, CASEIBEM AND CO,) • I."Tho name of the' Association 1 is "The ' WAIIUBAPA/.PAnUEEB' . I'O-OI'P.HATIVE .. Association, Limited,".. . ; 2. The Registered' Office of the Association will be situated in Masterton,' inj the . Colony of New Zealand, s. , 3. The objects,for .which, the Association la established are" (a. To acquire by purchase, as a going concern the stock in trade, property (real and;per : 80Dal), r book debts, and good will ,j>f the business now carried on by Mcssm Mi: Caselberg; and :00., of i Masterton land Groytown, Storekeepers j and, the plrerriues whoro that business is now being car' tied on'at Masterton and Greytownjjalso to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts;, and good \yill of tho retail business now'caitied'on'by Mfcssrs . Joseph Nathan k Co., at Tinui,.-»i the District of Wairarapa'j and to take'over theiaid businesses as going concerns, as on ; ai|d from tho first day of February, 1892, '' and to'pay for the samo either by Bharcs wholly paid up, or by shares partly jiaid . up, or, by cash, ,or partly in one of Such' ways and partly in another. 1 (o.) To accept, take ovor, undertake, and cany out to completion all contracts, engage, mcnts, and liabilities entered into or in- :.. curred in connection with , the said, busi- ' hess or either of them,.' ;i ' . •;,,, (0.) To carry on in the TOrarapa • -elsewhere in New Zealand, : ;ffluVin-a'ny , pirt of tho world, the businessesft,Mole- ' sale Ueneial Merchants-and''ifanufac-turers, and Retail General Skiers/and ; Shopkeepers,-and Farmers and any other business," trade, or occupation (whether of . ,i» similiar Mm} tp those specially named or '' "not) which" tlw'Dir'ectors ntay' from timo to time think it advisable to embark the . capital;pf the Assodatiyn upon or join in, . and so 'that in every' ease tte'Directors 'shall have power to enter upon, and Carry on any;buslness, upon 1 co-opirativo ciples(d.) To purchase stock in trade for such busi-' - ness, from tjme to time, upon such terms .as to tho Directors shall seemiflt ! : I,)' From timo to' time ti purchase,-'accept . eases for terms ot years ot,- or acquire on any other tenure, land; stores, shopsi and . other buildiofiH, whereon the business' of