Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4110, 10 May 1892, Page 4

PROSPECTUS or The WairarapaFai mere'..: Co-operative Association, [LIMITr.DO/ . (Fortneily M. Caselberg & Co.) Incorporated undor" Tho Companies Aot 1882," CAPITAI 7£100,000;. Divided into 20,000 Shares of £5 oaob, .'with power to increase as re> ■' quired. Payable as follows: 5i " ■ ori application, 6a on allotment Eg every three'riiontlis until £1 ii paid, and the balance by calls. I is not anticipated that ii will bi necessary to call up any furthe; Capital beyond £1 per Share, bu in no case will further calls bi made exceeding fa Gd per month Directors': MYER CASELBERG, Esq. "WILLIAM HENRY HOSKING, M.D LIONEL CASELBERG. Esq. A. W. CAVE, Esq DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq, Willi POWER 10 ADD TO IHEIR NUMBER. THE BANK OF AUSTRALASIA, Secretary: D, McINTOSH. Solicitor: A, R. BUNNY, Esq., Maaterton, Head Office: MASTERTON, ' Branches: GREYTOWN AND TINUI. THE associatiou lias been formed lo the purpose of acquiring the ol established aiicl successful General Duai ness of Messrs M. Cnselborg k Co., a Maslcrtoti and Greytown, and Mcssr Joseph Nathan & Co.'s Retail Business o Tinui, in the Wairarapa District, ani hereafter lo carry on a general business upoi tho co-operativo principle under nliicl shareholders and customers oftkc Associa tion - wili - abare -in-the profits, according ti methods to be determined from time ti time by tho Directors, and for the othc purposes mentioned in the Memorandum o Association, a copy of which is endorsed 01 this prospeotus, An association of this nature requires, ii tho chief centres, - commodious busines! premises repletewith facilities for economi cally and expeditiously carrying on tho di»' tributing trade. Experienced managers with a thorougl knowledge of local requirements aro indis. pensiblo for tho efficient conduct of tb< business, and./or keeping good saleabli clean stocks, It is necessary to know in what markets at what seasons, and in what quantities tc buy their requirements. It is of even grcatei importance to know how, where,.and whei to export or otherwise dispose of the product to the best advantage, But the real diOicui ties of all such institutions is the beginning ; for they muit have capital at com. niand,' and have such financial arrangements, not only in tho Colony, but in tin various markets of the world, as wil inspire the utmost confidence to enable it tc build up a first-class credit and good name, and thus transact business on rook bottom limits, ! Tho profits of the Association after payment of expenses will belong to, and be distributed amongst the shareholders, II is at present proposed after payment tc shareholders of a dividend of 7 per cenl upon amount of paid up capital to divide part of tho balance of the prolits amongst the shareholders, according to the amounl of business done by each, and a bonus tc employees, and to carry part to a Reserve Fund for tho equalisation of dividends, and for the distinct object of starting or invest, ing in such local industries in the district, as wilt prove conducive to the welfare ol the shareholders, employ labour, and pro. mote the wealth and population of the district,- The Association will -wheroyei auflicientinducement'is offered by settlor! and others, and subject to the consent ol the shareholders, endeavour to ally uself 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, jffliisds far irom being a Bpeoulative concern,.';™ businesses of the vendors have ' been carried on successfully for the last twenty-five years; and the promoters have such confidence in the future of the Association that th'ey.are prepared, so long as Mr Caselberg is allowed a controlling voice in the management of the concern as heretofore, to guarantee a dividend of not less than C per cent for the nost five years, It should be plainly understood that the promoters do not desire now, nor in the future, to take out their capital, but to cavty on the business on the now lines with Mr Caselberg attheliead of affairs, assisted by all the present staff, many of whom have been known to you for the last fifteen years. ..»»» -■. -' Disinterested experts will be employed to certify that stooks have been taken at abso lute cost, and all bad or,ojd stock has been reduced lo the market value or takon away altogether. . :. Book debts taken over nro guaranteed against loss by the vendors, The following contracts have been made, namely:— -:•* ■ i, A contract between Messrs M Case » berg & Co,, and the Association. 2. A contract between Messis Joßoph Nathan it Co., and the Association Applications for shares should be made upon the accompanyini; form, and forwarded to the Bankers o' the Association, together with the amount payable on application. If no allotment is made the deposit will bo returned without deduction, and where tho number ot shares allotted 13 less than the number applied for, ' surplus will be credited in reduction of the amount payable on allotment. A form of Application for Shares is annexed, and a copy oi tho memoraudem of Association will be found. endorsed on is prHpwtus. a copy oi tlu Articles of Association, and ol the contracts above mentioned may be inspected at tlieollico of the Association's Solicitors Dated this day of 1892. (Signed) M, CAaiJLBERG A CO, (signed) JOcEI'H NATHAN (SCO, "THE COMTANIES ACT, 1862." ASSOCIATION LIMITED BY SHAKES, MEMOBAXDUM OF ASSOCIATION' 01' THE WAIRARAPA FARMERS' CO-OPHili-ATIVE ASSOCIATION, Limited, (OTMEBLYM. CASELDEIIG AM) CO.) 1. The name of the Association is " The "waiimiiafa faiimkiis' co-opehative Association, Limited," % Tho Registered Office of the Association will be situated in Mosterton, in the Colony of Now Zealand, 3. The objects for which the Association is established are:—.. . (a, To acquire by purchase, as a going concern the stock in trade, property (real and per sonal), book debts, and good will of tho business now carried on by Mc-sri M, Caselberg and Co., of Mosterton and Greytown, Storekeepers; and the premried on at Maatertonand Greytown; also to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts;, and will of the retail business now carricjl on by Messrs Joseph Nathan & Co,, at Tinui, in tho District of Wairarapa; and to take over the said businesses as going concerns, as on ; and from the first day of February, 1882, . and to pay for the. same cither by shares wholly p-"'"" »' K » " w " ™ rf, » ""■' ' up, or b' w»ys and piiru/in ouuiuci. , (b.) Toacccpt, take over, undertake, and carry out to completion all contracts, engage- . racnts, and liabilities entered into or incurred in connection with the said businessortithcrof them. 1 ■■■■■■• (o,) To cany on in tile Wairarapa District, and elsewhere to NeV ZeaUfluYafiUm'&ny : pirt of the world, the businesses of'.Whilesale Ueneial Merchants and Manufw-. turers, and Retail General Dealers and Shopkeepers, and Fanners and any. other asirhiliar kind to thoso specially.namedbr..;./ not) which tho Directors may from time ,■•;. to time think it advisable to' crdbark' the capital of the Association upon or Join In, (j and so that in every case the Directors shall have power to enter upon'; and carry ', on anybufincss upon co-operativo prin- -.. ciplcs ■';.:; if •ii (d.) To purchase stock in trade foreuekbusi- $ ness, from time to timS, upsgMiJejrns '-• 'as to the Directors shall seemry|SS-§.' ' cases' tor terms oi years ot, or ecqfiittoin