Page 4 Advertisements Column 3

Wairarapa Daily Times, Volume XIII, Issue 4116, 18 May 1892, Page 4

Th Wairarapa Farmers' Co-Operative Association, [LIMITED.] (Formerly M, Caselborg & Co.) Incorporated under " Tho Companies Act, , 1632." CAPITAL, iglOO.OOO; Divided into 20,000 Shares of£s each, wiili power to incrense as required. Payable as follows: tit on application, 5s on allotment [ 5s every three months until £lii I paid, and the balance by calls. Ii I is not anticipated that it will b( s necessury to call up any furthei 8 Capital boyond £1 per Share, bu 5 in no case will further calls b( t made exceeding 2s 6d per uiODth ( Directors: MYER CASELBERG, Esq. WILLIAM HENlty HOSKINa, M.U ( LIONEL CASELBERG, Esq, . A. W. CAVE, Esq ' DAVID JOSEPH WATBAN, Esq. 1 DONALD DONALD Esq ! LOUIS JOSEPH NATHAN, Esq. ! WITH I'OWEH TO ADD TO THEIR WJJIDEH, THE BABKOF AUSTRALASIA. Secretary: D. McINTOSH. Solicitor: . A, R. BUNNY, Esq., Masbrton. Head Office: MASTERTON. Branches: GREYTOWN AND TINUI, THE association has been formed Jo tho purpose of acquiring tho oli established and successful General Dusi ness of Messrs M, Caselberg & Co.. a Mastorton and Groytuwn, and Messr: ) Joseph Nathan & Co's Retail Business a Tinui, in tho Waiiorapa Disirict, am hereafter to carry on a general business upoi ' the co-operative prinoiple under whid shareholders ond customers of the Associa tion will share in the profits, according t methods to be determined from timo t timo by the Directors, and for the othe 11 purposes mentioned in the Memorandum c Association, a copy of which is endorsed o: d this prospectus, p An association of this nature requires, ii tho chief centres, commodious busines ' premises repletewith facilities foreconomi cally and expeditiously carrying on tho dis ' tributing trade. . Experienced managers with a thorougl knowledge of local requirements are indie, pensible for the ettioient conduct of th business, and for keeping good salcabl '■ cloan stocks, It is necessary to know in what markets at what seasons, and in what quantities t buy their requirements. Itisofevengreate importance to know how, where, and who: to exporter otherwise dispose of the produc to the best advantage, But the i eal diioul tits of all such institutions is the begin ning; for they must hove capital at com ruand, and have such financial arrange '' ments, not only in the Colony, but in th various markets of the world, as wil 1, mspiio the utmost confidence to enable it t :, build up a first<o:ass credit and good nam; ' and thus transact business on rook bottoo i limits. '< The profits of the Association after pay mentol expenses will belong to, and b I distributed amongst tho shareholders, ] Ss is at present proposed after paymcut t 8 shareholders of a dividend of 7 per oeii ' upon amount of paid up capital to divid part of the balance of the prorata omongt the shareholders, according to the amouii of business dooe by each, and a bonus t 8 employees, and to cany part to a Heserv B Fund for tho equalisation of dividends, an ' for the distinct object of starting or invesl 0 ing in such local industries in the district • as will prove conducive to tho welfare c tho shareholders, employ labour, and pre mote the wealth and population of in district, The Association will wherove - sufloientindiicement is offered by settler and others, and subject to tho consent c tho shareholders, eudeavour to ally itscli , o amalgamate, with similar institutions and thus by sharing tho cost of managemeD and conduct of business, reduce expense and enlarge its sphere of ' This is far from being a speculative con cera. The businesses of the vendors hav been carried on Buccessfully for tho las '• twenty-live years; and the promoters hav - such confidence in the future of tho Associ 1 otion that they are prepared, so long as M o Caselberg is allowed a controlling voice ii » the management ef the concern as hereto D fore, to guarantee a dividend of not les 5 than G per cent for the next five years, , It should be plainly understood that th * promoters do not desire now, nor in th future, to take out their capital, but ti ' can yon the business op the new lilies wit! Mr Caselberg at tho head of affairs, sssistei by all the present staff, many of whim bave been known to you for the last flftecr years. Disinterested experts will bo employed t< certify that stocks have been taken at aisi lute cost, and all bad or old stuck has beer reduced to tho market value or takou awaj altogether. Hook debts taken over nre guaranteec against loss by the vendors. ! The following contracts have been made namely ;- 1, A contract between Messrs M Caselberg & t'o„ and the Association. 2. A contract between Messis Joseph Nathan & Co,, and the Association Applications for shares should be »wd< upon tho accompanying form, and forwarded to the Bankers o the Association, together with the amount payable on application, If no allotment is made tht deposit will bo returned without,deduction, and where the number of shares allotted is less than tho number applied for, surplus will be credited in reduction of the amount payable on allotment, A form of Application for Shares js annexed, and a copy of tho memoraud ,m of Association will bo found endorsed on thispiospeetus. A copyofthe Articles of Association, and of the contracts above mentioned may be inspected at the office of the Association's Solicitors Dated tins day of 1892, (Signed) M. CAoELBERG & CO. (Signed) JOSEPH NATHAN 4 CO. ' "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES, MEMORANDUM or ASSOCIATION OK TUB WAIBARaPa FARMERS' GO-OPM-ATIVE ASSOCIATION, Limited, (FORMERLY M, CASELRERQ AND CO,) 1, The name of the Association is " The Wairarapa Farmers' Co-opkrativk Association, Limited, " 2, Tho Restored Office of tho flssooiatitn will be situated in Mastaton, in the Colony of Now Zealand, . 3, Tho objects for which the Association is established nre : 'A, To acquire by purchaso, as a going concern the stuck in trade, property (real ond per sonal), book debts, and good will of tho business now carried on by ik>m M. Caselberg and Co., of Mantcrton and ises where that business is now being carried on at Maatettan nnd Grey town; also to acquire by purchase, as a going concern, the stock in trade, property (real and personal), book debts,, and good will of the retail business now carried on by Messrs Joseph Nathan & Co,, at Tinui, m the District of Wairarap* j and to take over the said businesses as going concerns, as on and from tho first day of February, 1892, and to pay for the samo either by shares wholly paid Up, or by shares partly paid up, or by cash, or partly in one pf such ways and partly in another, (b.) To accept, take oyer, undertake, and cany out to completion ajl contracts, engagements, pud liabilities entered into or Incurred in connection with the said business or either of them, (o.) To carry on in tho Wairarapa District, aw) elsewhere in New Zealand, nnd in any pivt of the world, the businesses of Wholesale Ucucial Merchants and Manufai. 1„„.L. „ml PotoSl f.„„ n „1 n„„l .1 Shopkeepers, and Farmers and any other business, trade, or occupation (whether of a similiar kind to those specially named or not) which tho Directors may from time to time think it advisable to embark the capital of the Association'upon or join in, - and bo that in every case the Directors shall have power to enter upon, and carry ou any bufiness upou co-op t rativo principles p,) To purchase stock in trado for Buch business, from time to time, upon audi terms as to the Directors shall seem St ) From timo to time to purchased accept eases for tormß of years ot, or scquireon any other tenure, laud, stores, shops, and