Page 4 Advertisements Column 3

Wairarapa Daily Times, Volume XIII, Issue 4100, 29 April 1892, Page 4

• PIiOSPECTUS - * OF The Wairarapa Farmers' Co-Operative Association, [LIMITED.] (Formerly M. Casolberg & Co.) Incorporated under " TheCompanios Act,' 1532." CAPITAL" 1100,000; Divided into 20.000 Shares o"£s oaoli, with power to increase,as required. Payable as follows: 5s on appliontloii, Ss on allotment, 6sevc;y three months until £1 is paid, and tho balance by calls. It is not anticipated that it will be necessary to call up any further Capital beyond £1 per Share, bui in no case will further calls be made exceeding 2s Gd per month. Directors; MYIiR CASELBERG, Esq. ' WILLIAM lIENKIf HOSKING.M.D. LIONEL CASELBERG, Esq. A.W. CAVE, ESQ DAVID JOSEPH NATHAN, ESQDONALD DONALD ESQ LOUIS JOSEPH NATHAN, ESQ. WITIIIOWEU TO ADD TO THEIR NUMBER. 1 r tt s y !H 10 THE BANK OF AUSTRALASIA, Secretary: D. McINTOSU, Solicitor: A, R, BUNNY, Esq., Mastorton, Head Office: MASTERTON. Branches: GREYTOWN aND TINUI. PKOSPECTUS. • THE association has been formed ior tho purpose ot acquiring tho old established and successful General Business of Messrs M. Caselberg & Co., nt Mastcrton and Greytown, and Messrs 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 principle under which shareholders ajd customers of the Association will share in the profits, according to methods to bo determined from time to time by the Directors, and for the other pnrposcs mentioned in the Momorandum of Association, a copy of which is endorsed on this prospectus, An association of this nature requires, in tho chiof centres, commodious business premises ropletowith facilities for economically and expeditiously carrying on tho distributing trade. Experienced managers with a thorough knowledge of local requirements are indis. pensiblo for the eflioient conduct of the business, and for keeping good salcablo clean stocks. It is necessary to know in what markets at what seasons, and in what quantities to buy theirrcqnirements. It is of oven greater importance to know how, where, and when to exporlor otherwise dispose of tho produce to the best advantage, But the real difficult ties of all such institutions is tho beginning ; for they must havo capital at command, and have such financial arrange, mcnts, not only in the Colony, but in the vanoas markets of tho world, as will mspiio the utmost conlidcnco to enable it to build up a first-class credit and good name, and thus transact business on rook bottom limits. The profits of the Assooiation after pay. mentol expanses will belong to, and be distributed amongst the shareholders. It ij at present proposed after payment to shareholders of a dividend of 7 per cout upon amount of paid up capital to divide part of (lie balance of tho piolits amongst the shareholders, according to the amount of business dono by each, and a bonus to employees, and to carry part to a Beserve Fund for tho equalisation of dividends, and for the distinct object of starting or invest' ing in such local industries in the district, as will prove conducive to tho welfare of the shareholders, employ labour, and promote llio wealth and population of the district, Tho Assooiation will whorover sufficient inducement is offered by settlers and others, and subject to tho consent qf the shareholders, endeavour to ally itself, o amalgamate, with similar institutions, and thus by sharing tUo cost of management and conduct of business, reduce expenses and enlarge its sphere of usefulness, This is far from being a speculative con' cern. The businesses of the vendors havo been carried on successfully for the last tffont7-iive years; and the promoters havo such confidence in tho future of tho Assooiation that they are prepared, so long as Mr Caselberg is allowed a controlling voice in the management of the concern as heretofore, to guarantee a dividend of not less than 0 per cent for the next fivo years, It should be plainly understood that tho promoters do not desire now, nor in the future, to tako out their capital, but to cany on the business on the new lines with Mr Caselberg at the head of affairs, assisted by all the presont staff, many of whom have been known to you for the last fifteen iars. Disinterested experts will be employed to certify that slocks have been taken nt also lute cost, and all bad or old stock has been reduced to the market value or taken away altogether, Book debts taken over are guaranteed against loss by the vendors, Tlif following contracts have been made, nami/iy 1, A contract between Messrs M Case - berg & Co,, and the Association. 2. A contract between toessiß Joseph Nathan & Co., and the Association Applications for shares should bo made upon the accompanying form, and forwarded to the Bsnkers o' the Association, together with the amount payable on application, If no allotment is matin tho deposit will bo returned without deduction, and where the number of shares allotted is less than the number applied for, surplus will be credited in reduction qf the amount payable on allotment, &. form oi Application for Shares is annexed, and a copy ot the memorandum of Association will be found endorsed on isprospeotus. A copy of the Articles of Association, and of the contracts above mentioned may h« inspected at the offioe of tho Association's Solicitors Dated this (lay of 1892, (Signed) M, CASELBERG & CO. (Signed) JO.sEPH NATHAN & CO. "THE COMPANIES ACT, 1882," ASSOOIATION LIMITED BY SHAKES, MEMORANDUM OF ASSOCIATION OP TUB WAIRARAPA FARMEKS'CO-OPER-ATIVE ASSOCIATION, Limited, (FORMERLYII. CASF.LBEIIG AND CO.) 1. The name of the Association is "The WAHIAItAPA FARMERS' CO-OPERATIVE Association, Limited," 2, The Registered Office of tlio Association will bo situated in Mastcrton, in the Colony of Now Zealand. 8, Tho objects for which tho Association established ore (a. To aci]uirc by purchaso, as a going concern the stock in trade, property (real and personal), book debts, and good will of the business now carried on by Messrs M. Cnseiberg and Co., of Mastertou and Greytown, Storekeepers; and tho premises whoro that business is now boing carried on at Mastcrton and Greytown; also to acquire by purchase, as a going concern, the stock in trade, property (reaj and personal), book debts;, and good will of the retail business now carried on by Messrs Joseph Nathan & Co,, at Tinui, in the District of "Wairarapa; aud to take over the said businesses as going concerns, as on and from the first day of February, 1892, and to pay for tho samo cither by shares wholly paid up, or by shares partly paid up, or by cash, or partly in one of such ways and partly in another. (ut.) Toacccpt, take over, undertake, and cany out to completion all contracts, engagements, and liabilitiou entered into or incurred in connection with tho said Hush ncssor cither of them. (o.) To carry on in tho Wairarapa District, and elsewhere in New Zealand, and in any pirt of tho world, tho businesses of Wholesale Uoncial Merchants and Manufaiturers, and Ketail General Dealers and Shopkccpcra, and Farmers and any other businesc, trade, or occupation (whether of a similiar kind to thoso specially named or not) which the Directors may from time to timo think it advisable to embark the capital of the_ Association upon or join in, and so that in every caso tho Directors shall have power to enter upon, and carry on any business upon. co-optrativo principles' (d.) To purchaso stock in trade for such business, from time to time, upon such terms as to tho Directors shall seem fit E.) From timo to time to purchase, accept cases for terms ot years 01, or ecquiroon any other tcnuro, land, stores, shops, and other buildup, whereon the business of,