Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4109, 9 May 1892, Page 4

PROSPECTUS '' OF The Wairarapa Farmers' Co-Operatiye Association, ■ [LIMIT?.!).] (Formerly M, Caaelberg & Co.) Incorporated under'! Tbo Companies Act, ; ISS2," CAPITAL~ilOO,000; Dividedinto 20,OOOSharea ofJßS.oaoli, with power to increase as required.' Payable as follows:, 5s on application, 5s on allotment, 5s every three months until £1 is paid, and the balance by calls. It is not anticipated that it will be necesaary to call up any further Capital beyond £1 per Share, but in no case will further calls be mado exceeding 2s 6d per month. Directors: MYEROASELBERG.Esq. WILLIAM HENRY HOSKING.M.D. LIONEL CASELBERG, Esq, A.W. OAVE.Ebq DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WITH POWER TO ADD TO THEIR NUMBER. THE BANK OF AUSTRALASIA. Secretary: D.MoINTOSH, Solicitor: A, R. BUNNY, Esq., Maatotton. Head Office: MASTERTON. Branches; GREYTOWNANDTINUI.

THE association has been formed for tho purpose of acquiring the old established and successful General Business of Messrs M. Caselbcrg. & Co., at Masterton and Greytown, and Messrs Joseph Nathan & Co.V Retail Business at Tinui, in tho. Woirarapa Distriot, and hereafter to carry on a goncral business upon tho co-operativo principle under which shareholders and customers of the Association will Bharo in the profits, according to methods to be determined from time to time by the Directors, and for tho other purposes mentioned in the Memorandum of Association, a cop; o! which is 1 endorsed on this prospectus, - > "" An association of this naturo requires, in the chief centres, commodious business premises tepletewith facilities for economically and expeditiously carrying on the disi tributing trade. Experienced, managers with a thorough knowledge of local requirements are indis„ pensible for tho efficient conduct of tho business, and for keeping good saleable dean stocks,

It is necessary to know in what markets at what seasons, and id what quantities to buy theirrenuiremcnts. It is of even greater importance to know how, where, and when to exportor otherwise dispose of the produce to the best advantage, But the real difficult ties oi all such institutions in the beginning > for they must have capital at command, nnd have such financial arrangements, not only in the Colony, but in the varioaa markets of the world, as will inspire the utmost confidence to enablo it to liuiltl up a first-class credit and good name, and thus transact business on rock bottom limits.

The profits ol the Association after payment ot expenses will belong to, and be distributed amongst the shareholders. It iB at present proposed after payment to shareholders of a dividend of 7 per cent npon amount of paid up capital to divide part of llic balanco of Ihe profits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Reserve 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 conducive to the welfare'of the shareholders, employ labour, and promote the wealth ami population of the district. The Association will • wherever sufficient inducement is offered by settlers and others, and subject to the consent of tho 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 from being a speculative concern, Tho businesses of the vendorß have been carried on siicocssfully for the last twenty-five years; and the promoters have such confidence in the future of the Association that they are prepared, so long as Mr Caselbcrgis allowed a controlling voice in the management of the concern as hereto' fore, to guarantee a dividend of iiot less than C per cent for the next five years, It should be plainly understood that tho promoters do not desire now, nor in the luture, to take out their capital, but to carry on the business on the now lines with Mr Caselberg at the head of affairs, assisted by all the present staff, many of whom have keen known to you for the last fifteen years. Disinterested experts will be employed to certify that Btocks have been taken at nbso luto cost, and all bad or old Block has been reduced to the market value or taken away altogether. Book debts taken over are guaranteed against loss by the vendors. Tho following contracts have been made, namely:— 1, A contract between Messrs MC'aso - berg ii Co,, and tho Association. 2. A contract between Messis Joseph Nathan & Co., and the Association

Application for shares should be made upon the accompanying form, and forwarded to the Bsnkeis o the Association, together with the amount payable on application. If no allotment is madn the deposit will be returned without deduction, and where the number of shares allotted is less than the number applied for, surplus will be'eredited 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 iaprajpactua. A copy ot tho Articles of Association, and of the contracts above mentioned may bo inspected at the office of the Association's Solicitors Dated this day of 1892. (Signed) IT, CASELBEEG & CO. (Signed) JOSEPH NATHAN 4 CO, " THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARES, MEMORANDUM OF ASSOCIATION OF THE WAIIiAIUPA FAME!!!! 1 CO-OPEII-ATiVJS ASSOCIATION, Limited, (FORMERLY M, CASELDERO AND CO,) 1, The name of the Association is " The Wauiaiiafa Farmers' Co-operative Association, Limited," 2, The Higistcrcd OHice of the Association will be situated in Mastcrton, in the Colony of New Zealand. 3, The objects for which the Association is established aro :- (A. To aajuire by purchase, as a going concern the stock in trade, property (real and per sonal), book debts, and good will of the business now carried on by Mew M, Caselberg and Co., of Mastcrton and Grcytown, Storekeepers j and the premises where that business is no* being carried on at Mastcrton and Grcytown j also to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debtsi, and good will of the retail business now carried on by Messrs Joseph Nathan k Co,, at Tinui, in the District of Vairarapa; and to take over the said businesses as going concerns, as on and from the 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 cash, or partly in one of such ways and partly in another. (d.) To accept, take over, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or in{<u currcd in connection with the said business or either of them, (C.) To carry on in the Wairarapa District, and elsewhere in New Zealand, and in any part of tho world, the businesses of Wholesale Ueiioial Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Fanners and any other business, trade, or 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 the capital of the Association upon or join in, and so that in every case tho Directors shall hare power to enter upon, and carry on any. business upon co-opt rative principles (d.) To purchase stock in trade for Buoh business, from time to time, upon such terms as to the Directors shall seem lit E,) From time to time to purchase, accept cases tor.terms ot years ot, or ectpuiro on • nvntW tonnrn kml tmm gluing, ami