Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4113, 14 May 1892, Page 4

PBOSPECTUS Co-Operative Association, [LIMITED] (Formerly M, Casolborg & Co,) Incorporated under" Tho Companies Act 1882," CAPITAM100,000; Divided into 20,0008 hares of £5 each with power to increase as re- . quired, Payable as follows: 6s on application, 5s on allotment 6s every three months until £lll paid, and the balance by calls. I is not anticipated that it will bi necessary to call up" any furlhe Capital beyond .£1 per Share, bu in no case will further calls b made exceeding 2s 6d per month MYER CASELBERG, ESQ. WILLIAM HENRY HOSKING, M.I LIONEL CASELBERG, ESQ. A.W. OAYE, ESQ DAVID JOSEPH NATHAN, ESQ. DONALD DONALD Esq , LOUIS JOSEPH NATHAN, ESQ. WITH POWER TO ADD TO THEIR NUMBER. Bankers: THE BANK OF AUSTRALASIA, Secretary: D, McINTOSH, A, R. BUNNY, Esq., Masterton. Head Office: MASTERTON. Branches: GREMOWN AND TINUI, PROSPECTUS. TEE association has been formed f llio purpose ot acquiring tho 0 established and successful General Bui ness of Messrs M. Caselberg & Co., Masterton and Greytown, and Mess Joseph Nathan k Co.'b Retail Business Tinui, in the Wairarapa District, at hereafter to carry on a general business up< tho co-operative prinoiplo under whii shareholders and customers oftho Assooi tion will share in the profits, according methods to bo dstermined from time time by tho Directors, and for tho oth purposes mentioned in the Memorandum Association, a copy of which is endorsed ( this prospectus. An association of this nature requires, the chief centres, commodious bueine premises repletewith facilities forcconom cally and expeditiously carrying on the di tributingtrado. Experienced managers with a thorouj knowledge of local requirements aro indi ponsiblo for tho eOio;ent conduct of tl business, and for keeping good saleal clean stocks, It is necessary to know in what markel at what seasons, and in what quantities buy their requirements. It is of even great importance to know how, where, and whi to exportor otherwise dispose of tho produ to the best advantage, But tho ical diflicii ties ot all such institutions is tho begii ning; for they must havo capital at cor mand, and liavo such financial arrang ments, not Only in the Colony, but in tl various markets of the world, a3 \i inspire the utmost confidence to enable it build up a first-olass credit and good nam and thus transact business on rookbotto limits. The profits of the Association after pa ment ot expenses will belong to, and distributed amongst the shareholders, is at present proposed after payment shareholders of a dividend of 7 per ce upon amount of paid up capital to divi part of Iho balance of the profits among the shareholders, according to the amou of business done by each, and a bonus employees, and to carry part to a Eeser Fund for the equalisation of dividends, ai for the distinct object of starting or inves ing in such local industries in the distrii as will prove conduoive to the welfare the shareholders, employ labour, and pr mote the wealth and population of l district, Tho Association will wherev sufficient inducement is offered by settle and others, and subject to the consent the shareholders, endeavour to ally itse o amalgamate, with similar institution and thus by sharing tho cost of manageme and conduct of business, rcduco ejpens and enlarge its sphere of usefulness, This is far from being a speculative co cern. The businesses oi the vendors ha been carried on successfully for the k twenty-five years; aod the promoters ha such confidence in the future of theAssoi ation that they are prepared, so long as i Caselberg is allowed a controlling voice the management of the concern as heret fore to guarantee a dividend of l.ot It than C per cent for tho next live years, It should be plainly understood that t promoters do not uesire now, nor in t future, to take out their capital, but cany on the business on thenewlines wi Mr Caselberg at the head of affairs, assist by all the present staff, many of who have b:en known to you for the last fife years, Disinterested experts will be employed certify that stooka have been tuken at au luto cost, and all bad or old stuck has be reduced to the market value or taken aw Book debts taken over are guarante The Mowing contracts havo been mad namely 1, d contract between Messrs MCaso berg Sc Co., and the Association. 2. A contract between McsaisJose] Nathan £ Co., and the Associatii Applications for shares should be ma upon the accompanying form, and forwa ded to the Bsnkois o the Associatio together with the amount payable on app! cation. If no allotment is made tl deposit will be returned without dedu tion, and whero the number of sliar allotted is less than the number applied ft surplus will be credited in reduction of tl amount payable on allotment. A form ot Application for Shares is a' neicd, and a copy ot tho memorandum Association will be found endorsed ( isp.ospictus. oopyoftiie Articles Association, and of the contracts abo mentioned may be inspected at the office the Association's Solicitors Dated this day of, . 1892, (Signed) M, CAHELIiERG & CO, (Signed) JOSEPH NATHAN A CO. _ "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARE MEMORANDUM OF ASSOCIATION OF ,TIIE WAIRARAPA FARMERS' CO-OPEI ATIYE ASSOCIATION, Limited, (ronMEBLYM. CASELBEUG AW) CO,) 1, Tbe name of tbo Association is "Tl Wahiaiiava Fabmehs' Cn-oraiATi\ Association, Limited," 2, The Registered Office of the Associatii will be situated in Masterton, in tl Colony of Now Zealand. 3, The objects for which the Association established are 'A. To acquiie by purchase, as a going coneei the stock in trade, property (real and pe soual), book debts, and good will of tt business now carried on by Mosri i Caselberg and Co., of Masterton an Greytown, Storekeepers; and tbo pren uses where that business is now being ca ried on at Masterton and Greytown; ah to acquire by purchase, aa a going conceri the stock in trade, property (real and pe sonal), book debts;, and good will of tl: retail business now carried on by Messi Joseph Nathan & Co., at Tinui, in tt District of Wairarapa 1 ; and to take ovi the said businesses as going concerns, as o and from the first day of February, 1831 and to pay for the same cither by share wholly paid up, or by shares partly pai up, or by cash, or partly in one of buc ways and partly in another, (B,) Tpaccept, take over, undertake, and can out to completion all contracts, engagi ments, and liabilities entered into or ii currcd in connection with the said bus ness or either of them, (C.) To carry on in the Wairarapa District, an elsewhere in New Zealand, and in an pirt of the world, the businesses of Whoh sale Ueneial Merchants and Manufat turers, and Retail General Dealers an Shopkeepers, and Farmers and any otkc businest, trade, or occupation (whether o a similiar kind to those specially named o not) which the Directors may from tim to time think it advisable to embark th capital of the Association upon or join in and bo that in every caso tho Director shall have power to enter upon, and carr; on any business upon co-optrativo priu ciples ' (d.) Tu purchase stock in trade for such oilsi ness, from time to time, upon such termi as to tho Directors shall seem fit E,) From timo to .time to purchase, accep eases lor terms'ot years ot, or acquired any other tenure, land, stores, shops, am other tho business o