Page 3 Advertisements Column 4

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

» The Wairarapa Farmers' Co-Operative Association [LIMITED.] (Formerly M, Caselberg Ss Co.) Incorporated under " The Companies Act 9 1b82," | .'. CAPITAL~^IOO,ObO; ; " Divided into 20,000 Shares of£s eaob > with power to iuoreaee as re' r quired, Payable as follows: 5i on application, 5b on allotment !' 5s every three months until £1 ii paid, and the balance by calls, I is not anticipated that it will b< necessary-to call up any furthei Capital beyond £1 per Share, bul in no case will further calls b( i made exceeding 2s 6d [lev month Directors: ' MYER CASELBERG, Esq. WILLIAM HENKfHOSKING,M J), ' LIONEL CASELBERG, Esq, 1 A, W. CAVE, Esq ' DAVID JOSEPH NATHAN, Esq, 1 DONALD DONALD Esq 1 LODIS JOSEPH NATHAN, Esq. ! WITH WYEKIO ADD TO IBBIR NUMBER, THE BANK OF AUSTRALASIA. Secretary: D. MeINTOSH. A. R. BDNJSV, Esq., Masterton. Head Office: MASTERTON. Branches : GREYTOWN AND TINUI, THE association has been formed for the. purpose of acquiring tho old established and successful General Business of Messrs. M. Caselberg & Co., at Masterton and Greytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in tho Wairarapa District, and hereafter to carry on a general business upon the co-operativo principle under which shareholders and customers of tbo Association will share in the profits, according to ' methods to be determined from lime tc time by tho Directors, and for the othei purposes mentioned in the Memorandum ol Association, & copy of which is endorsed on ' this prospectus, i An association of this naturo requires, in tho chief centres, commodious business premises repletewith facilities for economically and expeditiously carrying on the tributing trade. Experienced managers with a thorough knowledge of local requirements are indis. pensible for the efficient conduct of the business, and for keeping good saleable > clean stooks, It is necessary to know in what markets at what seasons, and in what quantities to buy their requirements. It is of evcu greater ' importance to know how, where, and when to exportor otherwise dispose of the produce 1 to the best advantage, But the real dillicuk ties of all such institutions is tho' beginning ; for they must have capital at command, and liavo such financial arrangements, not only in the Colony, but in tho various markets of the world, "as will inspire tho utmost confidence to enable it to build up a first-olass credit and good name, and thus transact business on rook bottom ■ limits, . The profits of the Association after payment ot 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 o! the profits amongst the shareholders, according to.the amount of business done by each, and a bonus to employees, and to cany part to a Reserve Fund for the equalisation of dividends, and for the distinct object of starting or ■ investing in Btich local industries in tho district, as will provo conducive to the welfare of the shareholders, employ labour, and promote tho wealth; and population, of; the district, The Association will wherever suflicienlmduccinent is offered by settlers and others, and subject to the consent of the shareholdorß, endeavour to ally iratlf, 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 is far irom being a speculative ooncern, 'lhe businesses of the vendors have been carried on successfully for the last twenty-tivo years; and the promoters have such confidence in the futuro of the Association that they are prepared, so long as Mr Ca6elbc.g is allowed a controlling voice in the management of the conoerii as heretofore, 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 oesire 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 by all the presout staff, many of whom have been know to !F OU lor tll ° laßt flfteen Disinterested experts will be employed to certify that stooks have been taken at ahBO luto cost, und all bad or old atuok has been reduced to tho market value or taken 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 Caseberg & Co,, and tho Association, 2, A contract between Mesas Joseph Nathan & Co., ond the Association Applications for shares should be made upon tho accompanying form, and forwarded to the Btnkers o the Association, together with the amount payable on application. If no allotment is mado the deposit will be returned without deduction, and where the number of shares allotted is less than the number applied for, surplus will be credited in reduotion of the amount payable on allotmeut. A form of Application for Shares is annexed, and a copy ot the memorandum of Association will bo found endorsed on isp.'osp3otus. A copy of the Articles of Association, and of the contracts above mentioned may be inspected at the offioe of tho Association's Solicitors Dated this day of 1892. (Signed) M, CASELBERG & CO, (Signed) JOSEPH NATHAN SCO, "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES, MEMORANDUM OF ASSOCIATION OK THE WAIRARAPA FARMERS' CO-OPER-ATIVE ASSOCIATION. Limited, (FORMERLY M, OABELBEBG AND CO,) 1, Tbo namo of tbo Association is " The Waibarapa Farmers' Co-operative ABSOOIATION,'LIJ!ITED," 2, Tho Registered Office of the Association wiU'be situated in Masterton, in tho Colony of Now Zealand, 3, Tho objects for which tho Association established oro : (A, To acquire by purchase, as a going conccr' the stock in trade, property (real and per Bonal), book debts, and good will of the business-now carried on by Mc-sr» M, Caselberg and Co., of Masterton and Greytown, Storekeepers; ond the premises where that business is no n being carried on at Masterton and Greytown j also - to acquire by purchase, as a going concern, the Btock 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 Vairarap* 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 same cither by Bhare . wholly paid up, or by shares partly pal* up, or by cash, or partly in one of sucl ways and partly in another. (b,) To accept, take over, undertake, and ca,ri; out to completion all contracts, engage • purred in connection with tho said busi n'e'ss or either of them. (o.) To carry on in the Wairarapa District, om elsewhere in Now Zealand, and in ani pivt of the world, the businesses of Whole sale Ucnctal Merchants and Manufac turers, and Retail General Dealers am' Shopkeepers, and Farmers and any othci business, trade, or occupation (whether o: a similiar kind to those specially named 01 uot) which the Directors may from timi to time think it advisable to embark thi capital of tho Association upon or join in ond so that in-every case tho Director: shall have jower to enter upon, and carr; on any business upon co-opirative prin ciples . - ' ' ! (a) To purchase stock in trade for such busi nets, from time to time, upon .-ucli termi as to the Directors shall seem fit ■E.) From time to time to purchase, accep eases tor terms ol years ot, or tcquireoi ... any other tenure, land, stores, shops, am I other buildings, whereon the business o