Page 2 Advertisements Column 2

Wairarapa Daily Times, Volume XIII, Issue 4114, 16 May 1892, Page 2

The Wairarapa Farmers Co-operative Association,) [LIMITED.] (Formerly M, Caselberg & Co.) Incorporated under " The Companies Act, 1502," CAPITAL^IOO.OOO; Divided into 20,000 Shares of £5 eaob, with power to increase as required, Payable as follows: 6s 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 Directors; MYER CASELBERG, Esq. WILLIAM HENRi" HOSKING, M.D. LIONEL OASELBERG, Esq. A. W. GAVE, Esq DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WITU POWER TO ADD TO THEIR MCMJKR, THE BANK OFAUSTRALASIA, Secretary: D. MoINTOSH. Solicitor: A. R. BUNNY, Esq., Masterton.. Head Office: MASTERTON. Branches: GREYTOWNaNDTINDI, THE association has been formed for the purpose of acquiring the old established and successful General Business of Messrs M. Caselberg & Co., at Masterton and Groytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Waiiarapa District, and hereafter to carry on a general business upon the co-opei'ativo principlo under which shareholders and customers of the Association will share in the profits, according to methods to be ditcrmined from time to time by the Directors, and fo.' the other purposes mentioned in the Memorandum of Association, a copy of which is endorsed on this prospectus, An association of this nature requires, in tho chief centres, commodious business premies replclewith facilities for economically and expeditiously carrying on the dis-, tributing trade, 'i Experienced managers with a thorough knowledge of local requirements are indis. pensible for the efficient conduct of the business, and for keeping good saleablo clean stocks, It is necessary to know in what markets at what seasons, and in what quantities to buy the.rrcquirements. Itis of even greater importance to know how, where, and when to esportor otherwise depose of Reproduce to the best advantage, But the real difliualtics of all suoh instituiioJß is the beginning; for they must have capital at com- . niand, and have such fioaaoial arrangements, not only in the Colony, but in the vanouß markets of the world, as will inspire the utmost confidence to enable it to build up a first-etas credit and good name, and thus transact business on rook bottom limits. The profits of the Association after payment ol expenses will belong to, and be distributed amongst tho shareholders, It is at present proposed a.'ter payment to shareholders of. a dividend of 7 per cent upon amount of paid up. capital to divide part of the balance of ttie profits amongst the shareholders, according to the amount of business dono by each, and a bonus to employees, and to cany part to a Reserve Fund for the equalisation of dividends, and for the distinct object of starting or investing in such local industiics in the district, as will prove conducive to the welfare of the shareholders,.employ labour, and promote the wealth and population o; tlie " district, The Association will wherever sufficient inducement is offered by seals, s and Others, and subjeot to the consent oi . the shareholders, endeavour to ally uself, o amalgamate, with similar institutions, and thus by sharing the cost of management and conduct of business, reduce espeaseE and eulaige its sphere of usefulness, This is far from being a speculative con.cern, The businesses of the vendors havt heen carried on successfully for the last twenty-live years j and the promoters havt such confidence in tho future of the AbsociS ation tlißt they are prepared, so lonu as ill '' Caselberg is allowed a controlling voice it the management of the concern as liereto- ' fore, to guarantee a dividend of not less ' • than tl por cent for the next live years, it should be plainly understood that th< d promoters do not desire now, nor in tin future, to take out their capital, but tt car:y on the business on thenewlines will ,i Mr Caselberg at the head ot affaiis, assist* by all Hhe'present staff, many of whon „ave been known to you for tho lust filmer years. «• Disinterested experts will be employed t( certify that stooHa have been taken at ansi lute cost, and all bad or old stuck has beci reduced to the market value or tukeu awa; altogether, Book debts taken over are guarantee! E against loss by the vendors The following contracts have been made namely:1, a contract between Messrs M Casel berg & Co,, and the Association. 2. A contract between Jiesais Josepl Nathan & Co,, and the Absociatioi Applications for shares should be madi upon the accomuanymp ,r ,rm, and forwarded to the Bsnkeis o tho Association together with the amount payable on appii cation. If no allotment is made tb deposit will be returned without dejup tion, and where the number of shaic allotted i 3 less than the number applied for • sutplus will be cieuited in reduction of tb amount payable on allotment, A form ot Application for Shares iB an nexed, and a copy ol the memcraudum o G Asiooiatiun w.dl bo found endorsed oi this prospectus, A copyofthe Articles o Association, and ol the contracts abov mentioned may be inspected at the offloe o the Absooiation's Solicitors Dated this day of 1892, (Signed) M, CASELBERG # CO, (Signed) JOSEPH NATHAN* CO, "THE COMPANIES ACT, 1882," ASSOCIATION LIMTED BY SHARES MEMORANDUM OH ASSOCIATION OK THE WAIRARAPA FARMERS' CO-OPMt ATiVE ASSOCIATION, Limited, (FORMERLY M, OASELIjEItG AND CO,) 1, Tho name of the Association is " Til Wairarapa Farmers' Co-opmatiy. m Association, Limited," 2, The Registered Office of the Associate will bo situated in Masterton, in th Colony of Now Zealand. 3, Tho objects for which the Association! established ore s—'a. To acquire by puichaso, as a going concon the stock in trade, property (real and pei Bonal), book debts, and good will of tin business now carried on by Mean M Caselberg and Co,, of Masterton am Grcytown, Storekeepers; and tho prom lses where that busincs is no # being car ried onatMrAtertonamVG.eytown; alsi to acquire jy purchase, as a going concern the stock in trade, proper: y (reel and per sonal), 'jookdebts;, aud goodwill of tU id retail business now. K.rricd on by Mcssr Joseph Nathan k Co,, r,t Tuui. mtb District of Wantppi; aDd to take ove the taid 'justnesses as going concerns, as o; and from tho fiist day of February, 1892 and to pay for the satro either by share wholly paid up, or by Bjiares partly pav as up, or by cash, or pa'.ilylnoneof suol i ways and partly in auoiiiev, (b.) Toacccpt, take over, undertake, and cari; ne out to completion all coiitraots, engage f' •'■• mente, and liabilities entered into or in itt cured in connection with tho said buai a 8 ness or either of them, -j (o.) To parry oi; in the Wairarapa District, am . elsewhere in Now Zealand, and in an; ln pii-t of the world, fhebueinefißesof Whole liy sale taoial'Merchants and Manu/ai CU tureis, and Retail General Dealers am us Shopkeepers, and Farmers and any' othc „„ business, trade, or occupation (whether o \ a similiar kind to those specially, namel o llr not) which the Directors may' from tinn |r- to time think it advisable to embark th th capital of the Association upon or join in ■ly and so that in every ci>se the Director, , a shall have power to inter upon, and carr; . on anybuMncss upon co-opi rativo priii . ciples '°l (d.) To purchase stock in trado for such buai ;ly ncs, from 'imo tolirce, upomuoli tjvmi )i» as to tho Directors shall seem fit ' E,) From time to time to purcbp.se, weep caces lor terms ol years 01. or fcquiieoi any other tenure, land, stores, shops, am other buildiwjs, whereon tho business o