Page 4 Advertisements Column 8

Wairarapa Daily Times, Volume XIII, Issue 4098, 27 April 1892, Page 4

Y : ; PROSPECTUS . • ' .■•»••; The Wairarapa Farmers' Co-Operative Association, : "[LIMITED.] S (Formerly "M, Casdberg ft Co,) Incorporated under" The Companies Act, 1682," 1 :CAPITAL~eiOO,OOO; Divided into 20,000 Stares of £5 eaob, with power to. fnorenae as required. Payable as follows: 5s oh application, 6son allotment, fis every three months until £1 ie is not anticipated that it will be necessary to call up any further Capital beyond £1 per Share, but in no oase will further calls be :. made'excefcding 2s 6d per month. ; •Directors: • MYEROASELBERG.Esq, . WILLIAM HENKf HOSKINa, M.D. LIONEL CASELBERG, Esq, A.W. OA:VE,Esq ,••■■ DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. with powertoadd to ihbik ndmbbb, THE BANK OF AUSTRALASIA. Secretary: D. MoINTuSH, Solicitor: A,R.BUNNV,Us«., Maßterton. Head Office: MASTER'fON. Branches: . GREYTOWN aNDTINUI. 1. npHE association has been formed for L (he purpose of acquiring the old established and successful General Business of Messrs M. Casetberg & Co,, at d Masterton and Greytown, and Messrs n Joseph Nathan k Co.'s Retail Business at Tinui, in the Wairarapa District, and hereafter to carry on a general business upon the co-operative prinoiplo under which shareholders and customers oftheAssooia- - tion will share in the profits, aaaording to methods to be determined from time to time by. the Direotors, ■ and for tho 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 chief centres, commodious business premises repletewiih facilities for economically and expeditiously oarrying on the disi .tributing trade, Experienced managers with a thorough £ knowledge of-local. requirements aroindis. pensible for the efficient conduct of the business, and for keeping good saleable clean stooks, . It is necessary to know in what markets at what seasons, and in what quantities to buy theirrequirements. .It is of even greater importance to know how, where, and when to exportor otherwise dispose of the produce to the best advantage. But the real difficuU 3, tits of all such institutions is the beginning; for they must haveoapital at command,: and have Buch fiußuoial arrangements, not only in the Colony, but in the various markets of the world, as will inspire the utmost confidence to enable it to Y build up a first-class credit and good name, '.' and thus trannaot business on rook bottom limits. ' The profits of the Association after payment ot expanses will belong to, and be distributed amongst the shareholders, It is at present proposed after paynieut to shareholders of, a dividend of 7 per. cent p upon amount of paid up capital to divide J " part of tho balance of the profits amongst the shareholders, according to the amount of business done by eaeh, and a. bonus to employees, and to cany part to. a Reserve Fund for tho equalisation of dividends, and for the dutinot object of starting or investing in such local industries in the district, as will prove conducive to.'tho welfare of the shareholders, employ labour,' and promote the wealth add population of the dibtrict, The Association'will wherever suffioientinducementis offered by settlers and others, and subject to the consent 'of n the shareholders, endeavour to ally itself, o amalgamate, with'similar institutions, and thus by sharing tho coßt of management , and conduct of business, reduce expenses " and enlarge its sphere of usefulness, This is far from being a speculative conoorn, The businesses of the vendors have hoen carried on successfully for the last twenty-five years; and the promoters have such confidence in the future of the Association that they are prepared, so long as Mr the management of the concern as hereto' 1 fore, to guarantee a dividend of not lees ' than 6 per cent for the next five years,. It should bo plainly understood that the promoters do not desire now, nor in the future, to take out their capital, but to cany on the business on tho new lines with Mr Caselberg at the head of affairs, assisted '• by all the present staff, many of whom n have been known to you for the last fifteen 0 Disinterested experts will be employed to „ certify that Btooks have been taken at abBO ~ lute cost, and all bad or old stook has been reduced to the market value or taken away altogether, > 1 Book debts taken over are guaranteed " against loss by the vendors. r The following contracts have been made, namely:1, 4 contraot between Messrs M Caseberg & Co,, and the Association. 2, A contraot between Mesas Joseph Nathan & Co., and the Association Applications for shares should be made ' upoa the accompanying tai, and forwarded to the Bankers o the Association, ' together with the amount payable on application, If no allotment is made the deposit will be returned without deduction, and where the number of shares allotted is less than the number applied for, surplus will be credited in reduction of the f amount payable on allotment, ■ A form of Application for Shares is an- , nexed, and a copy ot the memorandum of f Association will be found endorsed on i bisprospeotus. A-oopyoftho Articles of I Association, and of the oontraots above t mentioned may bo inspected at the offloo of , the Association's Solioitocs Dated this day of 1892, i (Signed) M, CASELBERG ft CO, (Signed) JOSEPH NATHAN & CO. "THE COMPANIES ACT, 1882," i ASSOCIATION LIMITED BY SHARES, • MEMORANDUM OF ASSOCIATION OK THE WAIRARAPA FA RMERB' CO-OPER- '• ATIVE ASSOCIATION, Limited. (VOUMEELY M. OASELDKEG AND CO,) 1, The narco of tho Association is "The >Yaibampa Farmkbs' Cooperative Association, Limited," 2, The Registered Office of the Association will be situated in Masterton, in the Colony of Now Zealand, 3, Hie objects for which; the Association i° established ore : the stock in trade, property (real and personal), book debts, and good will of the , business now carried on by Menr' M, ', Caselberg and Co., of Maaterton and ' Greytown, Storekeepers; and the premises where that business is now being.car l ricd on at Masterton and Greytown; alio { to acquire by purchase; as a going concern, tho stock in trade, property (real and personal), book debts;, and good will of the retail business now carried on by Messrs - Joseph Nathan & Co,, at Tinui,' in tho District of IValrarap*; and to take over and from the first day of February, 1892, | and to pay for the same either by shares I up, or by cash, or partly in one of such ways and partly in (a,) ToacccpVtake over, undertake, and cany out to completion all contracts, engage ' rhents, and liabilities entered Into or uV •' cttrred in connection with the saidjpusi. ; neasorritherof them, -i,:-...; « (o,) Tpcorry on m the Wairarapa Districted" : elsewhere in New Zealand, and in any pirt of the world, the businesses of Wholesale .Uetietal Merchants and Manufacturers, and Retail General Dealers and .. Shopkeepers, and Farmers and any other business, trade, or occupation (whether of a eimiliar kind to those specially named or not) which the Directors may from' time to time think it advisable ,to embark-tho. capital of the Association upon or join in, and so that in' every case' tho Directors shall have power to enter upon, and carry - on any business upon ctoptrative principles (d.) To purchase stock in trade for such business, from time to time, iipon auoh terms . as to the Directors shall seem fit a) From time to tune to purchase, accept eases for terms ot years ot, or acquire on any other tenure, land, stores, shops, and other buildinjs, whereon the business of