Page 4 Advertisements Column 8

Wairarapa Daily Times, Volume XIII, Issue 4105, 6 May 1892, Page 4

PBOSPEci'trs '■"■'" ~' : "of' . ' ;. )a warmers Co-Operative "Association, [LIMITED,] (Formerly M, Caselberg & Co.) CAPITAL, £100,000.; Divided into 20,000 Shares of £5 eaoh, with power to increase as required, Payable as follows; 5s on application, 6s on allotment, 6s 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 Capital beyond £1 per Share, but in no oase will further calls be Directors: MYEROABELBERG.Esq, : WILLIAM HENM HOSKING.M.D. LIONEL CASELBERG, Esq. A.W. CAVE, Esq DAVID JOSEPH MTHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WITH POWER 10 ADD TO IHJ3IB MUMBBR,' THEBANK OE AUSTRALASIA. Secretary:: ....•■ ; D. MoINTOSH;, . - Solicitor:: ;A,R.BUNNY,EsQ„MaatBrton, MASTERTON. GREFIOWNaNDTINUI. , fTIHE association has been formed for L the purpose of acquiring the old '" established and Bucoessful General Busie ness of Messrs M, Caselberg &, Co., at i» Masterton and Greytown; 'and Messrs : Joseph Nathan. & Co,'s Retail Business at it Tinui, in' the Wairarapa' District, and hereafter to carry on a general business upon y the co-operative principle under which ,■: tion will share in the profits,according to jj methods to he' datermined from time to ■• time by the! Directors, and 1 for the other purposea.mentioned in the Memorandum of Association, a copy of which is endorsed on : this prospectus.' "■ An association of this naturo requires/in d the chief centres,' : commodious business , premises repletewith facilities foreconomiit; cally and expeditiously carrying on the disi i, tributing trade. ■ Experienced managers with a thorough - knowledge of looal requirements are indis. pensible. for the;efficient conduct of "the business, and for keeping good saleable dean stocks, It is necessary to know in what markets iv at what'seasons, and in what quantities to buy theirrequkements. It is of even greater ; importance to know how, where, and when o 'to exportor otherwise dispose of the produce I. to the beat ndvantago, But the real difficult ties of all such institutions is the beginning : fnr tllhvmnith hnvfl tmnifnl ntpnm. mand, and baye such financial arranged; ments, not only in the Colony, but in the n various markets of the world, as will inspire the utmost confidence to enable it to build up a first-olass credit and good name, and thus transact business on rock bottom limits. - The profits of the Association after payment of 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 oent upon amount of paid up capital to divide part of the balance of the profits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a lieserve Fund for the equalisation of dividends, and for the distinct object of starting or investing in such local industries in the district, as will prove conduoive to the welfare of the shareholders, employ labour, and pro- - mote the wealth and population of the L district, The Association will wherever sufficient inducement is offered by settlers 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 ot business, reduce expenses and enlarge its sphere of usefulness, This is far irom being a speculative coni cern, Tho businesses of the vendorshave 1 been carried on successfully for the last twenty-five years; and the promoters have such confidence in tho future of tho Association that they are prepared, so long as Mr Caselberg is allowed a controlling voice in the management of tho concern as hereto- '■ foro, to guarantee a dividend of not less than C per cent for the next five years, It should bo 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 tho new lines with Mr Caselberg at the heed of affairs, assisted by all the present staff, many of whom , imve been known to you for the last fifteen years, Disinterested experts will be employed to certify that stocks have been taken at abso lute cost, and all bad or old stuck has been reduced to the market value or taken away I altogether, .''■■'.': ■ Book debts taken over are guaranteed against loss, bythe vendors, ■ The following cbntractshave'been made, namely:— 1, A contract between Messrs M Case ■> . berg & Co,, and the Association, 2, A contract between Messis Joseph 1 Nathan & Co,, and the Association Applications for shares should be made upon the accompanying .form, and forwarI ded to the Bsnkers o' the Association, together with the amount payable on application, If no allotment is made the deposit will' be returned without deduction, and where the number of shares allotted is less than the number applied for, . surplus will bo credited in reduction of the amount payablo on allotment, A form of Application for Shares is annexed, and a copy oi the memorandum of > Association will be found endorsed on is prospectus. A copy of the Articles of Association, and of the contracts abovo - mentioned may be inspected at the office oi the Association's Solicitors Dated this day of .. 1892, (Signed) M, CAHELBERG& CO, (Signed) JOSEPH NATHAN & CO. J "THE COMMIES ACT, 1882," ! ASSOCIATION LIMITED BY SHARES, ) MEMORANDA! OF ABSOOIATION Of THE i WAIRARAPA FARMERS'CO-OPER-i ATiVE ASSOCIATION, Limited. r (FOBMEBLYJI, OABKLDEBO AND CO,) • 1, The name of the Association is "Thß WAMABAPA FABSiEItS' CO-OPEIUTIVE • Association, Limited," 2. The Registered Office of the Association will be situated in Masterton, in the Colony of New Zealand, ' 3, The objects for. which the Association ia established are i—- ' (a. To acquire by purchase, as a going concern tho stock in trade, property (real and per Bonal), book debts, ami good will of the business, now carried on by Meesn M. Caselberg and.Co., .of Masterton and ; ibcs where that business is now being car ; ried on at Masterton and Greytown; also to acquire by purchase, as.a going conoern, the stock in trade, property (real and personal), book debts;, and goodwill of the : retail business now carried on by Messrs District of Wairarap»j'and to take over the said businesses as going concerns, as on and from the Mdaj. of February, 1892, and to pay for tjre, map, ,either-j(jy. shares wholly paid up,' or by shores Wtly paid up, J or by cash, or ffitlyih6ll9 of Such ways and partly in another, - : •''" (p,) To'accept; take oyer, undertake, and cany out ,to completion a]i contracts,. engagements, and liabilities entered into" or. iu- '!!,' curred in cp'mieotion. with the,said bun-: """'thcroftheta!' I ''"'"' .'.'£"•' .i"'i '■' elsewhere in New' Zealand,'' and in' any pjirt' of the world, tho busiriesßesb'f Wholesale 'Seiiet'aliMcrchants and' Ma'nufaotiirerß, and Retail Gchoral Dealers arid ■ Shopkeepers, and Fafiners'and any oilier - . a Bimiliat kind to those'Spepially parried or hot) which, the Directors may'from time . to time think it adyisablo to'embark the- ■ and eithatm every case the Dueotbrs I ' shall have power.to enter ujwn, and carry (d.) To purchase stock in trade, for such business, from, time to time, upon such terms . as to the Directors shall seem fit E.) From time to'time'to.parcbase, accept : eases tor terms ot years ot, or ecquireon • any other tenure, land, stores; Bhops, and 'other buildings, whereon the business of