Page 4 Advertisements Column 3

Wairarapa Daily Times, Volume XIII, Issue 4101, 30 April 1892, Page 4

PROSPECTUS OF ' ' The Wairarapa Farmers' Go-Operative Association, [LIMITED.] (Formorly M, Cnselberg & Co.) Incorporated under" Tho Companies Act, 1682," CAPITAL~£100,000; Divided into 20,000 Shares of £5 each, with power to increase as required. Payable as follows: 6a on application, 5s on allotment, 5a every three months until is paid,-'ami the balance by calls. It is not anticipated that it <vill.be necessary to call u'l/any' further, Capital beyond £1 per Share, but in uo case will further calls be made exceeding 2s Gd per month. ' , Directors;! MYER OAHELBERG, Esq, ' . WILLIAM HBNiW HOSKING, M,L>, : LIONEL OASELBERG, Esq. A.'W. CAVE,Esq - DAVID JOSEPH NATHAN, Esq, DON ALD DONALD Ebq - ' LOUIS JOSEPH NATHAN, Esq. : : WITH rOWEIt TO ADD 10 THEIR NDMBKB. • Bankers: . THE BINK OF AUSTRALASIA. : Secretary: ; D. MoINTOSH, ' Solicitor: A. R. BUNNY; JBsq., Maetertoii. Head Office: MASTERTON, greytom'and'tinui, PROSPECTUS. THE association baa been formed for the purpose of acquiring tho old established and successful General Business of Messrs M. Casclberg &. Co., at Masterton and Groytown, and Messrs Joseph Nathan it Co.'s Retail Business at Tinui, in the Wairarapa District, and hereafter to carry on a general business upon the co-operntivo principle under which shareholders and customers of the Association will share in the profits, according to methods to be determined' from time to time by tho Directors, and .'or the 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 replelowith facilities for economically and expeditiously carrying on the disi tributing trade. • Experienced mauagcrs with a thorough knowledge of local requirements are indispensikle (or the efficient conduct of the business, ami for keeping good saleable cleau stocks. 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 exportorotherwise dispose of tho produce to the beat advantage, But the real diilicuU tits of all such institutions is the beginning ; for they must have capital at command, and liavo such financial arrangements, not only in the Colony, but in the various markets of the world, as will iuspiio the utmost confidence to enable it to build up a first-olass credit and good name, and thus transact business on rock bottom limits, .Tho profits of tho Association after payment of expenses will belong to, and be distributed amongst tho shareholders, It is at present proposed after payment' to shareholders of a dividend of 7 per cent upon amount of paid up capital to divide part of (he balance of tho profits amongst the shareholders, according to the amount of business dobo by each, and a bonus'to employees, and to carry part to a Eesorve Fund lor 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 tho welfare of the shareholders, employ labour, and promote tho wealth aud population of the district, The Association will wherever auflicitnt inducement is offered by settlers and others, and subject to tho consent of tho shareholders, endeavour to ally itself, o amalgamate, with similar institutions, and thus by sh jring the cost of management and conduct of business, reduce expenses and enlarge its sphere of usefulness, This is far irom being a speculative concern. 'the businesses of the vendors have been carried on successfully for the last twenty-five years; and the promoters bavo such confidence in the future of the Association that they are prepared, so long as Mr Caselbcrgis allowed a controlling voice in tho managomcut of the concern as hereto, fore, to guarantee a dividend of not less than 6 per cent for 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 tho new lines with Mr Caselberg at the head of affairs, assisted by all tho present stall, many of whom have been kuown to you for the last fifteen years, Disinterested experts will be employed to certify that Btocks kavo been taken at aliso lute cost, and all bad or old stuck has been reduced to the market value or Taken away altogether, Book debts taken over aro guaranteed againßt loss by the vendors. The following contracts have been made, namely i--1, A contract bctweon Messrs M Case - berg & Co,, and tho Association. 2, A contract between Aiessis Joseph Natlian&Co., and the Association Applications for sharcß should be made upon the accompanying form, and forwarded to the -Bsnkeis o the Association, together with the amount payable on application. If no allotment is made the deposit will be returned without deduction, and. whero tho number of shares allotted is less than the number applied for, surplus will be credited in reduction of - the amount payable on allotment, A form of Application for Shares is annexed, and a copy ot the memorandum of Association will bo found endorsed on isp.ospeotus, A copy of the Articles of Association, and of tho contracts above mentioned may bo inspected at the olfioe of the Association's Solicitors, Dated tins day of 1892. (Signed) M, CAsELBERG & CO, (Signed) JOSEPH NATHAN & CO. "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED DY SHARES, MEMORANDUM OF ASSOCIATION OF THE ■WAIRARAPA FARMERS' COOPERATIVE ASSOCIATION, Limited. (FORMERLY M. CASELDERO.AND CO,) 1. The name of the Association is "The Wairarapa Farmers' Co-operative Association, Limited." , 2. The Registered Office of tho Association will be situated in Masterton, in the Colony of Now Zealand. 3. The objects for which the Association established are (A, To acquire by purchase, as a going concer tho stock iu trade, property (real and personal), book debts, and good will of the business now carried on by Metsri M, Caselberg antl Co., of Masterton and Groytown, Storekeepers j and the prpnv ises where tlinfc business is now being carried on at Masterton and Grey town; also 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 Tinni, in the ■ District of Wairarapa j and to take over the said businesses as going concerns, as on and from the first day of February, 1892, and to pay for tho same 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, (d.) Toaccept, take over, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or incoired iu connection with tlw said business or either of them. (o.) Tocarry on in the Wairarapa District, and elsewhere in New Zealand, and in any put of the world, the businesses of Wholesale Uenctal Merchants and Manufacturers, and .Retail General Dealers and Shopkeepers,' and Farmers and any other businesß, trade, or occupation (whother of a Bimiliar kind to those specially named or not) which tho Directors may from time to time think it advisable to embark the capital of the Association upon or join in, anil so thatin every'casot|ie Directors shall have power to enter upon, and carry on any business upon co-optrativo principles ' (d.) To purchase stock in trado for such business, from time to time, upon juch terms as to tho Directors shall seem fit U.) From timo to time to purcliase, accept eases for terms ot years ot, or scquiroon any other tenuro, land, stores, shops, and other buUdin«:x, whoreon the business of