Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4111, 12 May 1892, Page 4

The Wairarapa Farmers Co-Operative Association [LIMITED,] (Formerly M, Casolborg & Co,) Incorporated under " The Companies Acl ' 1882," CAHTA£~eiOO,OOO; Diviaedinto2o,oooßharesoC£s eaoh with power lo- increase as re quired, Payable as follows: 6 on application, 5s on allotmenl 5s every three months until £1 i paid, and the balance by oallß. 1 is not anticipated that it will I necessity to call up any furthi Capital beyond £1 per Share, bi in no case will further calls 1 mado exceeding 2s 6d per montl Directors: MYERCAaELBERG.Esq. WILLIAM HENRY HOSKING.M.] LIONEL CASELBERG, Esq. A,W. OAVE,BaQ DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq, WITH POWER TO ADD TO IHEIB. NUMBEB THE BAM OF AUSTRALASIA. Secretary: D.McINTOSH, Solicitor: A, It, BUNNY, Esq,, Mnaterton, HeadOice: MASTERTUN, IRyajinling • GREIfTOWNANDTINUI. THE association has been _ formed i the purpose ol ncqairing tho ( established and successful General Bui ncss of Messrs M, Caselberg & Co., Mastcrton and Greytown, and Mess Joseph Nathan 4; Co.'s Retail Business Tinui, in the Wairarapa District, a hereafter to carry on a general business up the co-operativo principle under whi Bhareholdeis and customers of the Assoc tion will share in the profits, according methods to bo dstermincd from time time by tho Directors, and for tho otl purposes mentioned in tho Memorandum Association, a copy of which is endorsed this prospectus, An association of this nature requires, the chief centres, commodious busim premises repletcwilh facilities for eoon6r cally and expeditiously carrying on tho d tributing trade Experienced managers with a thorou knowledge of local requirements are ind . pensible for. the efficient conduct of t business, and for keeping good saleal . clean stocks, It is necessary to know in what marko at what seasons, and in what qnantities buy theirrequircments. Hib of oven greal importance to know how, where, and wh to exportor otherwise dispose of the prodi to the best advantage, But the real difflci tics ot all such institutions is tho begi ning; for they must have capital at coi mand, and bave such financial nrronj ments, not only in the Colony, but in t •mnoas markets of tho world, as « inspire tho utmost confidence to enablo it build up a first-class credit and good nan and thus transact business on rock bottc limits. The profits of the Association after pt mentol expenses will belong to, and distributed amongst the shareholders, is at present proposed after payment shareholders of a dividend of 7 per ce npon amount of paid up capital to divi part of tho balance of the profits amonj the shareholders, according to the amou of business done by each, and a bonus employees/and to onrry part to a Iteser Fund for the equalisation of dividends, ai for the distinct object of starting or invei ing in such local industries in the distri as will provo conducivo to the welfare the shareholders, employ labour, and pi mote the wealth and population of t district, The Association will where* suflicientinduccmcnl is offered by settli and others, anil subject to the consent tho shareholders, endeavour to ally itse o amalgamate, with similar institutior and thus by sharing the coat of manageme and conduct of business, rcduco oxpens and enlarge its Bphere of usefulness, This is far from being a speculative co cern, The businesses of the vendors ha been carried on successfully for the la twenty-five years; and tho promoters ha such confidence in tho future of the Absoi ntion that thoy aro prepared, so long as I Caselbergis allowed a controlling voice tho management of tho concern as heret fore, to guaranteo a dividend of not le than 0 per cent for the noxt five years, It should be plainly understood that tl promoters do not desiro now, nor in tl future, to take out their capital, but carry on tho business on tbonowlines wi Mr Caselberg at the head of affairs, assist by all the present staff, many of who have been known to yon for the last fiftei years, Disinterested experts will be employed certify that stooks have been taken at abi lute cost, and all bad or old stock has bei reduced to the market value or taken awi altogether, Dook debts taken over are guaranlei against loss by the vendors, Tho Mowing contracts have been mad namely:1, A contract between Messrs M Case berg & Co,, and the Association. 2. A contract between MessisJosep Nathan & Co., and the Associatic Applications for shares should be niai upon the accompanying form, and forwa ded to the Bsnkers o the Associatioi together witbthe amount payable on appl cation. If no allotment is made tl ' deposit will be returned without dedu lion, and where tho numbor of shar allotted i 3 less than the number applied fc surplus will be credited in reduction of tl amount payable on allotment. A form of Application for Shares is ai nexed, and a copy ot tho memorandum Association will be found endorsed ( isprospMtus. copy of the Articles Association, and of the contracts abo' mentioned ma; be inspected at the office the Association's Solicitors Dated this day of 1892, (Signed) M,CA»ELBERG& CO, (Signed) JOSEPH NATHAN & CO. "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARE: MEMORANDUM OF ASSOCIATION OF THE WAIRARAPA FARMERS' 00-OPEI ATIVE ASSOCIATION, Limited, (FORMERLY M. OASKLBEHO AND CO.) 1, Tho name of tho Association is "Tu Wairaiiapa Farmers' 00-opkrath Association, Limited," 2, The Ittgi»tcred Office of the Associatic will be situated in Mastcrton, in tl Colony of Now Zealand. 3, The objects for which the Association established aro:(a, To acquire by purchase, as a going conccr the Btock in trade, property (real and pe sonal), book debts, aud good will of th business now carried on by Me-sn A! Caselberg and Co., of Mastcrton an Greytown, Storekeepers ; aud the pren lses where that business is no * being cat ricd on at Mastcrton and Greytown; ah to acquire by purchase, as a going concert the stock in trade, property (real and pel sonal), book debts;, and good will of tb retail business now carried on by Mcssr Joseph Nathan & Co., at Tinui, in th District of Wairarapa; and to take ovc the said businesses as going concerns, as oi and from the first day of February, 1892 and to pay for the same cither by Bhare wholly paid up, or by shares partly pai< up, or by cash, w partly in ono of sud ways and partly in auotber, (b.) To accept, take over, undertake, and can; out to completion all contracts, engage . ments, and liabilities entered into or in 'ciirrcd in connection with the said buai ness or «ithcr of them. (C) Tocarryon in tho Wairarapa District, am elsewhere in New Zealand, and in an] pirt of tho world, tho businesses of Whole sale Ucnctal Merchants and Manufai turers, and Retail General Dealers am Shopkeepers, and Fanners and any other kusinesr, trade, or occupation (whether ol ' a similiat kind to those specially named 01 not) which the Directors may from tint to lime think it advisable to embark tbi capital of the Association upon or join in, and so that in every case the Director! shall have power to enter upon, and carry ■ on any business upon co-optrative pru,' ciples (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 timu to purchase, accept eases for terms ot years 01, or acquire on »• nil,*, ton,,™ Inmt «(/)««. alinna. nml tfMibttitoisftVhwwtttM business of