Page 3 Advertisements Column 4

Wairarapa Daily Times, Volume XIII, Issue 4107, 7 May 1892, Page 3

WAIRAIUPA ; FARMERS CO'OPERATIVE ASSOCIATION. . . PBOSKGO'i'US .".or , The Wairarapa Farmers Co-Operative Association, [LIMITED-] . (Formerly M, Caselberg & Co.) Incorporated under " The Compares Act, • . • lbS2," CAPITAL/^100,000; ; Divided into 20,000Bhaves o 'fs oacli with power to i lc.-eace as required. Payable ns fo"ows: 5b oa application sson ttl'o no'it, 5s we. 7 three months until £1 is | paid, and t-be balance by calls. Ii ■ is not 'anticipated that it will bo necessary to call up any further Capital beyond £1 per Share, bat in no case will further calls bu mado exceeding 2s 6d per month. Directors: MYER CASELBERG. ESQ. WILLIAM HE Nit F HOMING, M.D, LIONEL CASELBERG, Esq. A.W. CAVH, Ebq DAVID JOSEPH NATHAN, Esq. DONALD DONALD ESQ LOUIS JOSEPH N/JH.'.X, Esq WITH POWER TO ADD TO l'Ufiia NOMBEIi; Bankers: THE BANK OF AUSTRALASIA, Secretary: D, MoINTOSH, Solicitor: A. It. BUNNY, Esq., Maaterton, Head Office: MASTBItTIJM. Branches: GREYTOWNANDTINUI. PEOSriiCTUS, milE association has been formed for 1. the purpose ot acquiring the old established and sueces-iul General Business of Jlc;srs M, Caselberg & tio,. at Ma-tevton and Crovtuwn, and, Messrs Joseph Nathan k Co.'a lieiail Business at Tintii, in toe W'aiiarapa District, and hcrenlicr to cany on a genera l . business upon the co-oporalivo priacip'e under wiiicti shareholders and customers of the Association will share is the proliis, HMor/lii)" to methods to he diteriumcd from time to time by the Directors, and for iho other purposes mentioned in the Memorandum ot Association, & copy of which is endorsed on tliis prospectus, An association of this nature requires, in the chief centres, commodious business premises replelcwith facibtics for economically and expeditiously cairyiiig oil the dis> tributing trade. Experienced managers with a thorough knowledge of local requirements are indis. pcnsiblo for the efficient conduct of the business, aud lot keeping good saleable clean stocks. It is necessary to know in what markets at what seasons, and in what quantities to buy theirroquiicruents. It is of even greater importance to know how, where, and when to cxportor otherwise dispose of the produce to the best advantage, But the leal dilliciik ti-.i of all such institutions ia the beginning ', for tlicy must have capital at command, and liavo such 11 laucial arrangements, not only in the Colony, but in the vi.nous markets of tlio world, as will aispiio the utmost confidence to enable it to build up a (irsi-ciass credit and good name, and thus iran»act business on rock bottom limits. The profiia of the Association after payuent ot expenses wi'l belong to, and be distiibuted amongst the shareholders, It is at present proposed after payment to sbaicholdcrs of a dividend of 7 per cent upon amount of paid up capital to divido part nf llie balance of the p.-otits amongst liw stakeholders, according 10 the amount oi business done by each, and a bonus to employees, and to car,y piirt to a lteserve Fund lor the equalisation oi dividends, nnd for thedUinct obj.ctoi stn.tiug or invest, ing in such local industiios in the district, as will prove conducive to the welfaro of the shareholders, employ labour, anil promote the wealth a,id population of llie district, The Association will wherever sufficient inducement is offered by setlleis and oi hers, anil subject to the consent of the shareholders, endeavour to ally itself, o amalgamate, with similar institutions, and thus by shi-i ing the cost oi management and conduct of business, reduce expenses and enlarge its sphere of usea'Vc s, This is far from being a spt_ ativo concern. '1 lie businesses ot iho veudo. s have iieen carried oil successfully fur the last twenty-live years; anil iho promoters have such conlidcuce in the future of the Association thai they are prepared, so long as Mr Caselberg is allotted a controlling v.-ice i.i the management of the co.i.ern n s heretofore, t.i guarantee a dividend of i-ot less than li per cent for the next livo year-,, It should lie plainly imder.-tooil that tlio promoters do not i csire row, nor in the future, to take out their capital, but to car y on the busiiesson the new lines with Mr Caselberg at the head of affairs, assisted by all the present stall, maay of whom nave been known to you for the last fifteen yeais. Di interested experts will be employed to certify that stoctis iiave uecn taken at aliio luto cost, i ni'. r.ll bait or old stock has bee a reduced to iho m?rket valuo or takea away altogether. Book debts taken over nro guaranteed agai ist loss by the vendors. The following contracts have been made, namuy:- ■ ■ 1, A contact between Messrs JlC.isc - berg A Co,, and the Association. 2. A contract between Jiessis Joseph Nathan & Co., aud the Association Applications for shaves sliorkl be Made upon the accoiU|ianyin|/ fonu, aud forwarded to the Drake's o the Association, toother \>ith the amount payable on applica.iou, If no allotment is made the depos't. wilt be returned without cWiiction, aud wlic.c the ',lumber of sba.es allotted is less tuau the number applied tor, suiphis w'ill be credited in reduction of the aiiioiiut payable o.i allotaie.it. A lorni ot Application for Shares is annexed, and a copy ot the iiiemoraudain of Association v::ll be found endorsed Oil up'ojp.'ota. A copy of tlao Articles of Association, and of tlio coniraots above mentioned may be iji-pected at tho oilico of the Association's Solicit.)rs Datsdthis day of 1892. (Signed) 51, CAbGfjCICRG & CO, (signed) JOSEPH NATHAN & CO. " THE COMrANnS ACT, 1852," ASSOCIATION LIMITED BY SHARES. MEMORANDUM OK ASSOCIATION' OK THE WAiitAIUPA FAHMFUS 1 CO.-01-JSU. ATIVE ASSOCIATION,. LiuiKD, . (FORMERLY M, CASiMEBO AND CO,) , 1, Tlio name'of tlio Association is "The IVaihahapa Faiuieiis' Co-operative Association, Limited." 2, T.ie IV.gistercd Cflico of the Association vil 1 . be B'tuatcd in Mabtevtop, ia the Cohwy of New Zealand, 3, Tlio objects for which' tlio Association is established ore (a, To acqiure by purchase, as a going concern the stock In t.ade, prope.ty (real and ~er sonal), book dcis, and jowl will of the business now carried on by Mo-sr« M, Onselberg and Co., of Masterton aud Orcytowu, Storckiqiers; and'the pmn- . iscs where that business is no.vbeinj carred on at Jhuterton owl G.'eytow) alto to acquiro by purchase, a? a goiug conce.n, the stock iu hade, property (real nnd per- • soual), book, debts,, and good will of tiic 1 retail business now carried on by Messrs Joseph '-Nathan ft Co,, at Ifinui, in the District of Wairarapi;.and to take over the said businesses as going conceits; J\s on and from the fiivt day of fekuavy, 18!)2, and to pay for (lip same ciiiier by shares wl.olly paid up, or by blia'.ti, partly paid Up, : o'r bv cash, or' partly in one of snijli ways and partly ip auoflier. (3.) Toaccept, take oyer, unite, [..kc, and cany (itit to 9aiip!ctioiiallcuiitrac|9, cugngoWents, ami labilities cutoreil into or in- . currcd in connection Ivitli .'tlio said business or either of them. '• ' (c.) To cany wi iatheWairnrapaDistrict, and etsewlierp in New . Zealand, and in any . p.\. tof tlie wovldj tlio businesses of AVliolei satis uieiie al Merchants' iuid" Maiiufat.- ' turcra, anil Retail General Dealers and Shopkeeper, aiid formers and any other bilsiliesr, trade, or occupation (whether of a simlliai. kind to those specially named or not), which ■ the Directors may from time to time think it aiiviia'jle to embark the capital of this Association upon or join in, nnd so that in every case.the Directors shall have power to enter iipoii, anil carry . on : liny, business'upon co-op. rative principles. . . ■ • (a), to purchase stock in trado for such btisi- ; ness,'from time totime, upon such terms .as to tho Directors shall seem fit '