Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4112, 13 May 1892, Page 4

The Wahmpa Farmers' Co-Operative Association, [LIMITED.] • (Formerly M, Casclberg & Co.) • Incorporated under" The Companies Aot, .1682." CAPITAViIOO.OOO; Divided into 20,000 Shares of &6 eaob, with power to increase as roquired. 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 necessary to call- up any further Capital beyond £1 per Share', but in no case will further calls be made exceeding 2s 6d per month. Directors: MYER CASELBERG, Esq. WILLIAM HENKY HOSKINCr, M,D. LIONEL CASELBERG, Esq. A.YV. OAYE.Ebq DAVID JOSEPH NATHAN, Esq, DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. with power to add to iheir nomer, • Bankers: THE BANK OP AUSTRALASIA. Secretary: D. MoINTOSH. Solicitor: A. R. BUNNY, Esq., Masterton, Head Office: MASTERTON. Branches: GREYTOWNaNDTINOI. THE association has been formed lor the purpose of acquiring the old established and successful General Business of Messrs M. Caselberg & Co., at Mastertou and Greytown, and Messrs Joseph .Nathan & Go.'s Retail Business at Tinui, in the Wairarapa District, and hereafter to carry on a general business upon the co-operativo principle under which shareholders and customers of the Association will share in the profits, according to methods to he determined from time to timo by the Directors, and for tho other purposes mentioned in the Memorandum of Association, a copy of which is endorsed on this prospectus, An association of thisnaturo requires, in tho chief centres, commodious. business premises replotewith facilities for economically and expeditiously carrying on the dis-, tributing trade. Experienced managers with a thorough knowledge of local requirements aro indis.. pensible for the eDioiont conduct of the business, and for keeping good saleable clean stocks, It is necessary to know in what markets at what seasons, and in what quantities to buy theirrequirements. It is of even greater importance to know how, where, and when to esportor otherwise dispose of tho produce to the best advantage, But tho real difficult ties of all such institutions is the beginning ; (or they must have capital at command, and have such financial arrangements, not only in the Colony, but in the various markets of the world, as will inspire the utmost confidence to enable it to build up a Orst-olass oredit and good name, and thus transact business on rock bottom limits, The profits of the Association after paymontot expenses will belong to, and be distributed amongst the shareholders, II is at present proposed after payment to shareholders of a dividend of 7 per cent 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 ,tg employees, and to carry part to a Deserve 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 ol the shareholders, employ labour, nnd promote tho wealth and population-of Ihf district. The Association will wherevei sufficient inducement is offered by Bettlen and others, and subject to tho consent o: the shareholders, endeavour to ally itself o amalgamate, with similar institutions, and thus by Bharing the cost of managemcnl and conduct of business, reduce expense! and enlarge its sphere of usefulness, This is far from being a speculative concern. The businesses of the vendors havi been carried on successfully for tho las, twenty-live years; and tho promoters havi such confidence in the future of the Association that they are prepared, so long as Mi Caselberg is allowed a controlling voice ir the management of the concern as heretofore, to guaranteo a dividend of not les: than C per cent'for the next five years, It should be plainly understood that thi promoters do not desire now, nor in tin future, to take out their capital, but ti cany on the business on the new lines witl Mr Caselberg at the head of affairs, assistei by all the present staff, many of whon have been known to you for the last fifteei years. Disinterested experts will be employed t< certify that stocks have been taken at ausc lute cost, and all bad or old stock has beei reduced io the market value or taken awa; altogether, Book debts taken over aro guarantee! against loss by the vendors, The following contracts have been made namely;1, a contract between Messrs M Case • bergoK'o,, and the Association. 2, A contract between Messis Josopb Nathan & Co,, and the Associatioi Applications for shares should be mad upon the accompanying form, and forwar ded to the Bankers o the Association together with the amount payable on application, If no allotment is made thi deposit will be returned without deduc tion, and where the. number' of sharo allotted i 3 less than the number applied for suiplua will be credited in reduction of thi amount payable on allotment. A form ot Application for Shares is an nexed, nnd a copy ot the memorandum o Association will be found endorsed oi isp.-ojpjctus. copy of the Articles o Association, and ol tho contracts abov mentioned may be inspected at the office c the Association's Solicitors Dated this day of 1892, (Signed) M, CASELBERG & CO, (Signed) JOSEPH NATHAN & CO. "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHARE? MEMOBAXDCM OF ASSOCIATION' 01' HIE ■yVAIKARAPA FARMERS' CO-OPiiR ATIYE ASSOCIATION, Limited, (rORJIEULI 31, OASEtBERO AND CO,) 1, Tho name of the Association is " Tin WAIIUnAPA FaMIEIIS 1 . CO-OfKRATIVI Association, Limitkii." 2, The Htgistared Office of tho Associatioi will be situated in Mastertou, in tin Colony of New Zealand, 3, The objects for which tho Association ii established are : 'A. To acquire by purchase, as a going conccn the stock iu trade, property (real and per sonal), book debts, and good will of thi business now carried on by Me*sn M Caselberg and Co,, of Mastcrton am Greytown, Storekeepers; and the prem lses where that business is now being car ried on at Mastcrton and Greytown j alsi to acquire by purchase, as a going concern the stock in trade, property (real and per Eonal), book debts;, and good will of tin retail business now carried on by Mcssr Joseph Nathan & Co,, at Tinui, in thi District of Wairarapi J and to take ovei the Baid businesses as going concerns, as oi and from the first day of February, 1892 and to pay for the Bamo either by share wholly paid up, or by shares partly pai< up, or by caßb,_or partly in ono of sucl wayß and partly in another, (b,) To accept, take over, undertake, and can; out to. completion all contracts, engage ments, and liabilities entered into or in curred in connection with the Bald bust ne'ss or either of them. (c.) To carry on in the WairarapaDistriot, an' elsewhere in New Zealand, anil in an pii-t of the world, the businesses of Whole sale Ueueial'Merchants and Manufacturers, and Retail .General Dealers and Shopkeepers, and Farmers and any othci business, trade, or occupation (whether ol a similiar kind to those specially named oi not) which 'the Directors may from time to timo think it advisable to embark the capital of the Association upon'or join in, and so thatin every caso the Directors shall have power to enter upon, and carry on any business, upon co-opirativo prin ciplcs' , ... (d,) To purchase stock in trade for such busi ness, from time to time, uponaucli termi as to the Directors shall Becm fit E.) From time to'time to purchase, acccp eases tor terms ot years ot, or acquire on any other tenure, land, stores, shops, and other building, whereon the business of