Page 4 Advertisements Column 3

Wairarapa Daily Times, Volume XIII, Issue 4102, 2 May 1892, Page 4

The Wairarapa Farmers' Co-Operative Association, .LIMITED,] ■ [• Incorporated under" Tho Companies Act, 5 ■■ 11)82," . -- ■ .. oAHTAi~iioo,ooo; ;■■■■■ . Divided into 20,000 Shares of £5 oaob, , with power to increase as re* qmred, Payable as follows: 5s on application, 6s on allotment, 5s 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 il Capital beyond £1 per Share, but in no oaso will further calls be ' made exceeding 2s 6d per month, 6 Directors: MYERCMGLBERG'.EsQ, WILLIAM HENRY HOMING, M.l). LIONEL CASELBERG, Esq. A.W. CAVE, Esq ' ' DAVID J.OSEPH NATHAN, Esq. DONALD DONALD En i LOUIS JOSEPH NATHAN, Esq. 1 WITH POWER 10 ADD TO THEIR MOMBER. \ Bankers: I THE BANK OF AUSTRALASIA. Secretary: a D.MoiNTo.sH. .. Solicitor: '' A, R. BUNNY, Esq., Mnsterton. Head Office: it .MASTERTON. - 8 Branches: GREYTOWN AND TINUI. THE associatiou has been formed foi the purpose of acquiring tho old ut established and successful General Business of Messrs M, Caselberg aVC'o., al g Masterton and Greytown, and Messrs Joseph Nathan & Co .'a Retail Business at Tinai, in tho Waiiarapa District, and hereafter to carry on a general business upon the co-operative principle under which shareholders and customers of tho Associa- ' tion will Bhaio in the profits, according to methods to be dstcrmined from time te time by tho Directors, and for the other purposes mentioned in the Memorandum ol Association, a copy of which is endorsed on this prospectus, An association of this nature requires, in the chief centres, commodious business premises repletewith facilities foreconomically and expeditiously oarrying on the dis-, tributing trade, Experienced managers with a thorough knowledge of local requirements are indispenßiblc for tho efficient conduct of tho business, and for keeping good saleable clean stocks, It is neccssaryto know in what markets at what Bousons, and in what quantities to buy thoirrequirements, It is of even greater importance to know how, whero, ana when „ to cxportor otherwiso dispose of the produce , to the best advantage, But the real difficuls j ties of all such institutions is the beginning ; for they must have capital at com- .. mand, and have such financial arrongements, not only in the Colony, but in the ° vanoas markctß of tho worid, as will inspire the utmost confidence to enable it to y build up a first : olass credit and good name, and thus transact business on rock bottom is limits. The profits of the 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 cent upon amount of paid up capital to divide part of the balance of tho profits amongst the shareholders, according to the amount of business done by each, and a bonus to c employccß, and lo carry part to a Reserve 9 Fund for the equalisation of dividends, and n for .the distinct object of starting dr invest- - ing in such local industries in the district, ' as will provo conduoivo to the welfaro of tho shareholders, employ labour, and promote the wealth and population of tho district, The Association will wherever sufficient inducement is offered by settlors and others, and subject to the consent of the shareholders, endeavour to ally itself, o amalgamate, with similar institutions, and thus by sharing the cost of management and conduct of business, reduce expenses and enlarge its sphere of usefulness, This ii far from being a speculative concorn, 'lhe businesses of the voudorß have licen carried on successfully fur the last twenty-live years; and tho promoters havo such confidence in tho future of the Association that they aro prepared, so long as Mr Caselberg is allowed a controlling voice in tho management of tho concern as hereto, fore, to guarantee a dividend of not less than G per cent for the next five years, Jt should be 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 the new lines with Mr Caselberg at the head of affairs, assisted j by all the present staff, mony of whom novo been known to you for tho last fifteen years, Disinterested experts will bo employed to f certify that stocks have been taken at nuso lute cost, and all bad or old stock has been reduced to the murket value or taken away t ultogcther, Book debts takeu over aro guaranteed against loss by the vendors, The following contracts have been mode, namely:— 1, A contract between Messrs M Caso - berg it Co,, and the Association. r 2, A contract between Mtssis Joseph Nathan iS; Co,, and the Association for shares should be made " upon the accompanying f orm, aud forwarded to the ilmkeis o the Association, together with the amount payable on appiication, If no allotment is madn the deposit will bo returned without deduc- , tion, and where the number of shares allotted iB 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 is p.ospeotus. A copy of tbo Articles of Association, and 01-:ihe contracts above ' mentioned may be inspected at the office of the Association's rioliatdrs Dated this day of 1892. (Signed) M.OAaBLBEBQ A CO. (Signed) JOaEPH NATHAN & CO. "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES, JIEMOIIANDUJI OF ASSOCIATION Ol' THE WAIRARAPA FARMERS' COOPERATIVE ASSOCIATION, Limited. O'OMIEHLTII, OASELDEHO AM) CO.) \ 1, Tho namo of tho Association is "The Waihahapa Tamers' Co-operative Association, Limited," 2, The Registered Office of the association will bo situated in Masterton, in the Colony of New Zealand, 3, Hie objects for which the Association established ore : (a. To acquire by purchase, as a going conccr tho stick in trade, property (real and personal), book debts, and good will of the business now carried on by Mcsm M, Caselberg and Co., of Masterton and Greytown, Storekeepers; and the premises where that business is now being carried on at Masterton and Grey town j' also to aquiro by purchase, as a going concern, the 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 Tiuui, 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 the Bamo cither by bluics wholly paid up, or by shareß partly paid up, or by cash, or partly in one of such ways and partly in another, (n.) To accept, take over, undertake, and carry out to completion all contracts, engagements, and liabilities entered into or incurred in connection with the said business or cither of them, (c,) To carry or; in the Wairarapa District, and elsewhere in'.Ncw ! Zealand, and in any pv/t of tho world, the busineMes of WholeSale Ueneial Merchants and Manufacturers, and, Retail General Dealers and Shopkeepers, and Fanners and any other businesr, trade, or occupation (whether of a aimlliar kind to those specially named or not) which the Directors may from time i to time think it advisable to embark the capital of the Association upon or join in, J and so that in every caso tbo Directors shall have power to enter upon, and carry ) on any business upon co-opuative principles (n.) To purchase stock in trade for such biuri- ' nets, from time to time, upon.-ucb terms as to the Directors shall seem tit E.) From time to time to purchase, accept cases for terms ot years ot, or acquire on any other tenure, land, stores, shops, and other buildings, whoreou the business of j