Page 4 Advertisements Column 3

Wairarapa Daily Times, Volume XIII, Issue 4103, 3 May 1892, Page 4

The .Wairarapa Farmers' Co-Operative Association [LIMITED.] ), ( (Formerly M, Caselberg & Co.) q' Incorporated under " The Companies Aoi je 1M2," ? „ Diviaed into 20,000 Bhares of £5 caob T, with power to increase as re quired./Payableaa follows; 5 on application, 5s on allotment 6s every three months until £1 i paid, and the balance by calls, I is not anticipated that it will b< necessary to call up any furthe by Capital beyond £1 per Share, bu ' r - in no case will further calls b made exceeding 2s Gd per month *' Directors: MYEft CASELBERG, Esq. WILLIAM HENM HOMING, M.i) LIONEL CASELBERG, Esq. A. W. CAVE, Esq DAVID JOSEPH MTHAN, Esq. DONALD DONALD Est} it. LOUIS JOSEPH NATHAN, Esq. I WITH POWER 10 ADD TO THEIR NUMBER. m Bankers: $ THEBANKOFAUSTBALASIA. Secretary: m D, McINTOSH, r,. Solicitor: A, R.BUNM, Esq., Masterton, Head Office: ist MASTERTON. S, ;es Branches; GEEYTOWNaND TINUI. THE association has boon formed fo the purposo of acquiring the oli ng established and successful General Busi ness of Messrs M, Caselberg & Co,, a j; Masterton and Greytown, and Messr Joseph Nathan fc.Co.'s Retail Business a Tinui, in the Wairarapa District, am hereafter to carry on a general business upoi the co-operativo principle under whicl ) shareholders and customers ofthoAssooia f ' tion will share in the profits, according ti methods to he determined from time t timo by the Directors, and for the othe purposes mentioned in the Memorandum o Association, a copy of which is endorsed oi this prospectus, An association of this nature requires, ii the chief centres, commodious busines: premises repletewith facilities for ccouomi colly and expeditiously carrying on tho dis tributing trade. Experienced managers with a thorougl knowledge of local requirements are indis. pensible for the efficient conduct of tl<i business, and for keeping goud sa'icabh clean stocks, It is necessary to kuow in what niarketE at what seasons, and in what quantities t( buy theirrequirements. Itisofovengreatei importance to know how, where, ana wher e3 to export or otherwise dispose of the product I, to the best advantage, But the real dilliculjj tits of all such institutions is the beginning ; for they must havo capital at com. . niand, and bave such financial arrangemints, not only in the Colony, but in the ° various markets of tho world, as will nißpne the utmost confidence to enable it to )y build up a msUiass credit and good name, . and thus transact business on rock bottom is limits. The profits of the Association after payment ot expi-nscs will belong to, and be distributed tho shareholders. It is at present proposed afterpayment to shareholders of a dividend of 7 per cent upon amount of paid up capital to divide part of ihe balance of tho profits amongst the shareholders, according to the amount of business done by each, and a bonus to ic employees, and to cany part to a Reserve 33 Fund lor the equalisation of dividends, and w for tbo distinct object of starting or investP ing in such local industries in the district, ' as will prove conducive to the welfare of tho shareholders, employ labour, and promote tho wealth and population of the district, The Association will wherever sufficient inducement is offered by settlers and 01 here, and subject to the consent of the shareholders, endeavour to ally itself, o amalgamate, with similar institutions, and thus by sharing tho cost of management and conduot of business, reduce espouses and enlarge its sphere of usefulness, This is far irom being a speculative concern, The businesses of the vendors have been carriod on successfully for. the last twenty-live years; and the promoters have such confideuco in the future of the Association that they are prepared, so long as Mr Caselberg is allovieU a controlling vuice in the management of the concern as heretol_ fore, to guarantee a dividend of not less than (i percent for the next five years, It should bo plainly understood that the promoters do not desire now, nor in the y future, to take out their capital, but to cariy on the business on thenewlines with Mr Caselberg at the head of affairs, assisted a by all the present staff, many of whom liave been known to you for the last fifteen years, Disinterested experts will be employed to ' certily that stooks have been taken at absolute cost, and all bad or old stuck haj been reduced to the market value or takeu away (. altogether, Book debts taken over are guaranteed against loss by the vendors. The following contracts havo been made, namely;— 1, a contract between Messrs M Case - berg & Co,, and the Association, r 2. A contract between Jicssis Joseph Nathan & Co., and the Association Applications for shares should be made upon the accompanying form, and forwarded to tho JBsnkeis o tho Association, together with the amount payable on application. If no allotment is made, the deposit will be returned without deduc- . tion, and where the number of shares allotted i 3 less than tho number applied for, surplus will bo 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 be found endorsed on ispiospcotus. A copy of the. Articles ot Association, aDd ot the contracts above ' mentioned may bo inspected at the office of the Association's solicitors Dated this day of 1802, (Signed) M.CASELBEIIG& CO, (Signed) JOaEI'H NATHAN SCO, "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES, MEMORANDUM OF ASSOCIATION 01' THE WaIKAKaPa EAItMEUS' CO-OPMI--1 ATIVE ASSOCIATION, Limited, (EOItJIEIILYM. OASEIBEItQ AND CO,) 1, The name of tlio Association is " The WAinAIIAPA FABMEH3' CO-OrEIIATIVK 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 .tho. Association established are : (a, To acquire by purchase, as a going concor the stock in trade, property (real and per- ' sonal), book debts, and good mil of tho business now carried on by Mosri M, Caselberg and Co., of Masterton and Greytown, Storekeepers! and the premises whero that business is noir being carried on at Masterton and Greytown; also to acquire 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 k Co,, at Tinui, in the District of IVairarapaj and to take over the said businesses as going concerns, as on and from tho first day of February, 1892, and to pay for tho samo either by shares wholly paid up, or by shares partly paid up, or by caali, or partly in one of such ways and partly in another, (b.) Toacccpt, take over, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or incurred in connection with the said business or cither of them, (a) To carry onin tho Wairarapa District, and elsewhere in New Zealand, and in any pirt of the world, tho businesses of 'Whole- . sale Ueueial Merchants and Manufai- - turers, and Retail General Dealers and Shopkeepers, and Fanners and any other lusines.-, trade, ot occupation (whether of a similiar kind to those specially named or not) which the Directors may from time ' to time think it advisable to embark tho I capital of tho 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 co-opt rativo principles j (d.) To purchase stock in trade for such busi- ' ness, from time to time, uponsuoh terms as to tho Directors shall seem fit t E.) From timo to time to purchase, accept cases tor terms ot years ot, or acquire on j any other tcnuro, land, stores, shops, and other building whereon tho business of f