Page 2 Advertisements Column 2

Wairarapa Daily Times, Volume XIII, Issue 4099, 28 April 1892, Page 2

The Wairarapa Farmers' Co-Operative Association, [LIMITED,] (Formerly M, Cnselberj Is Co,) Incorporated under" Tho Companies Act, mv CAPITAL, £100,000; Divided into 20,000 Shares of £6 each, with power to increase as required. Payable aa fo'Ws : 5s [ on application, 5s on allotmeni,, 5a 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 case will further calls be made exceeding 2s 6d per month, Directors: MYEROASELBERGJsq. WILLIAM BENJiyHOSKIM.M.D. LIONEL OASELCGPcG.Ebq, . A. VI. GAVE, Esq DAVID JOSEPH MTHAN, Esq. 'DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WITH POWER TO ADD TO MBIS NDMBBE. THEBANKOFAUSTBALa.SIA. Secretary: D. MoINTOSH. Solicitor; A, R. BUNNY, Ifcq,, Maaterton, Branches: GEEYTOWNaNDTINUI. THE association has been formed for the purpose of acquiring the old established and successful general Business of Messrs Jl, Caselberg & Co., at Mastcrton and Groytown, and Messrs Joscpli Nathan & Co.'s Retail Business at Tiaui, in tlio Waiiarapa District, and hereafter to carry on a general business upon the co-operative princip'o under which siiareioMeis and customers of the Association wilt sharo in the prolits, according to methods to bo dstermincd from time to time by the Directors, and for ilio other purposes Mentioned in the Memorandum of Association, a copy of which is endorsed on this prospeotus. An association of this nature requires, in the chief centres, commodious business pronrsesreplotewilh facilities for economically and expeditiously carrying on tko dis-, tributing trade.

Experienced managers with ,i thorough knowledge of local requirement.! arc indis. pensible lor the e2io ent conduct of the business, and for keeping good saleable clean stocks, It is necessary to know iu what markets at what seasons, and in what quantities to buy their requirements. It is ol even greater importance to know how, where, ami when to exportor otherwise dispose of theproduce to the best advantage, But the real difficult ties of a<l such institutions is the beginning ; for they must have copital at command, and liuvo such fmnoial arrangements, not only in the Colony, tut in the various markets of the world, 113 will mspiro the utmost confidence to enable it to build up a first-class orcdit and good name, and thus transact business on rock bottom limits, The profits of tho Association after payment ol expenses will belong to, and be distributed amongst the shareholders. It is at present proposed after payment to shareholders of a dividend of 7 per ceut upon amount of paid up capital to divide part of Ihe balance of the profits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to car,-y part to a Reserve Fond for the equalisation of dividends, and for the distinct object of starting or investing in such local industries in the district, as will prove conduoive to the welfare of the shareholders, employ labour, and promote the wealth aod population of the district, The Association will wherover sufliclentinducement is offered by settles and oibcrs, and subject to'tho consent of the shareholders, endeavour to ally itself, 0 amalgamate, w'lh similar institutions, and thus by sharing the cost of management and conduct of business, reduce expenses and enlarge its sphere of usefulness, This is far from being a speculative concern, 'the businesses of the vendors havo been earned on successfully fur the last twentj'five years; and the promoters have such confidence in the futvre of the Association that they aro preparod, so long as Mr Caselbcrg is allowed a controlling vuice in the management ef the concern as heretofore, to guarantee a dividend of not less than 6 per cent for the nest five years, It should be plainly understood that the •promoters do not desire now, nor in the future, to lako out their capital, but to cany on the business on the new lines with Mr Caselberg at the het'd of affairs, assisted by all the present stait, many of whom have been known to you for the last fifteen Dii.-aterested experts will be employed to cei tir'y that stooks iiavo been taken at a;<so lute cost, out', all ba,l or old stud; has been reduced to the market value or taken away altogether. Look debts taken over nre guaranteed against loss by the vcndois. The following contracts have been made, namely:—

1, d conlrpct between Messrs M Case - tcrgtt i'o,, ami the Association, 2, A contract between hessis Joseph Nathan & Co,, and the Association Applications for Bbaies sbou'd be made upon ttio accompany™? 'oim, and forwarded to the Denkcrs o tho Association, together with the amount payable on application, If no allotment is lnado the deposit will be leturncd without deduction, and wheie the number of shares allotted is less than the number applied /or, surplus will bo credited in reduction of the amount payable oa a'lotrnent. A form ol Ai/ollcaiion fo'.' Shares is anner.cd. and a cojy ol the memo/aod. m of Association va be found eodoised on isp;os[)ectus, Aoopyofihe Ariiclea of Association, and of the contacts above mentioned may be inspected at tho office of the Association's Solicitors Dated tii's day of 1892.

M.CAafiLBEBG & CO. (Signet) JOSEPH NATHAN & CO, "THE COMPANIES ACT, «" ASSOCIATION LIMITED BY SHARES, MEJIOMOTM OF ASbOCIATON OK THE WAIVAUAPA FAI'MEUS 1 CO-OP.KiI-ATiVE ASSOCIATION. Liiiimd. • (VOBMEBITII. OAbEUKIia A»D CO.) L The name of t'lo Association is " TllK Wuimea"A Vmm' Oommm A<AOO!AT!ON li'Mlim" 2, The lU-jisteied Oiiice of the Association will bo uliuied in Masterton, iu the Colony of New Zealand. 3, The o'jjccis for which the Association i eslabMicc'. are : (A, To acquu'e !iy purcliMo, ae. a goin* concern tlio Btooii in v.odc, pi-oi»criy (real andiiersonal), hook Ms, and jooil will of the busj.css now carried on by Mc*sr« M, Ctaclborj end Co., of Mastoi-ton and Gicyiown. Sio.ckcepcis; and the premises vlicre Ihi'.t busi.w.s h no* bem; carried on fit Maiie.'tonand 0.-reytowii; nto to acquire 'iy purchase, as a goi.ij concern, the itoc!: in ti.ule. properly (v:al ard personal), I'ook debit;, and ;ood w'U of iho retail brawi now <y -l-ied on by lh>rs Jos-epji NAtbnu & C'o„ t& Tiiiv.i, m the DMiict of TOnv.aj'i j and to t,to over the sa-'d bi'sincsocs a: joinj confer; s, as on ai'd from the fii-.t d.'-y o" Februfiy, 10)2, and to pay for the sv,k either 'iy wvec wholly pah", up, or by khaie'. v xMy pap] up, or by ca-iii, or piv.tly iu one of such w.y« am', partly in another. (b,) Toaccept, (nko over, r.w'n-b'rc, aa'Acany out to,con)j)lftioupllcuiitau'», aw menti. andliabilifa eiiercd r,\!o o. i-i----curred in connection w. : jh &e said bv.'iness or either of-hen),, ' (ft) Tocany or, k the VFm ViapaKifalct, clsewhe.'p in New Zealand, and in miy pi.-t of tho world, the biuinesut o,' WholeBale ilcue-al Mo. chants pnd Manufacturers, and Eetail General Dealers and Shopkeepers,'and. F.'.rmera and any oilier business, trade, or occupation (whether of a similiar hind to those specially named or not) which tho DL-ccto.n )nay f,om timo to tine think it advisable, to em'ark the capital of tho Assoctotion vpon or join iu, and so that in every coso the Diveciors ■ shall have I to entci' upon, and ca.rry on.any business upon oj-op-riiivo prnciple;' (d.) To purclr.c clock iu tiw'.o for auch buiue.s fioin •IrimUotiine, I'po-uuob is ins a? to t!ie Di.-ec'.o' 1 rlvs'l seem fit . e.) Rom tiir.o to '.ite to pneiue, accept . eases to.- «e.M ol' yea;-.) 01,o l , or ecqu'io on t anyofc tenir.o, stoics, shops, and other builfiiuss, whereon the business of