Page 2 Advertisements Column 3

Wairarapa Daily Times, Volume XIII, Issue 4117, 19 May 1892, Page 2

MtOSPECI'US OP The Wairarapa Farmers' Co-Operative Association, [LIMITED.] (Formerly U, Caselberg & Co.) Incorporated under " The Companies Act, 11)82," CAPITAL, £100,000; Divided into 20,000 Shares of £5 oaob, with power to increase as required. Payable as follows: 6b on application, 5s on allotment, 58 evory three months until £1 is paid, and the balance by calls. It ■ is noli anticipated that it will be necessary to call up any further Capital beyond ,£1 per Share, but in no case will further oal's be made exceeding 2a 6d per month. Directors: MYER CASELBERG, Esq. WILLIAM HENilif HOSKING, M.D. LIONEL OASELBERG, ESQ, A.W. OAYE, Esq DAVID JOSEPH NATHAN, ESQ. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WITH POWER TO ADO TO THEIR NUMBER, Bankers; THE BANK OF AUSTRALASIA, Secretary: , D. MoINTOSH, Solicitor: A, R, BUNNY, Esq,, Masterton. Head Office: MASTERTON. "Rvonnlioo • GREYTOWNaNDTINUI. PROSPECTUS,

THE association has been formed (or the purpose of acquiring the old established and successful General Business of Messrs M. Oaselberg & Co., at Masterton and Groytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Wairarapa District, and hereafter to carry on a general business upon the co-operutivo principio under which shareholders and customers of the Association will share in the profits, according to methods to be determined from time to time by the Directors, and for tho other purposes mentioned in the Memorandum of Association, a copy of which is endorsed on this prospcotus, An association of this nature requires, in the chief centres, commodious business premises repletewith facilities for economically and expeditiously carrying on tho diss tributing trade, Experienced managers with a thorough knowledge of local requirements are indis. ponsible for the ellioent conduct of the business, and for keeping good saleable dean stocks, It is necessary to know in what markets at what seasons, and in what quantities to buy thcirrequiremcnts. It is of evon greater importance to know how, where, and when to exportor otherwise dispose of the produce to the best advantage, But the real difficult ties of all such institutions is the beginning ; for 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 first-class credit and good name, and thus transact business on rock bottom limits.

The profits of the Association after payment ol expenses will belong to, anil bo distributed amongst llw shareholders. It 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 Iho balance of the prolits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to oarry part to n Deserve Fund torthe equalisation of dividends, and for the distinct object of starting or investing in such local industries in tho district, as will prove conducive to tho welfare of the shareholders, employ labour, and promote the wealth and population of the district, The Association will wherover sufficient inducement is offered by settles and others, and.subject to the consent of the shareholders, endeavour to ally itself, o amalgamate, with similar institutions, and thus by sharing the cost of management and conduct of business, reduce expenses and enlarge its sphere of usefulness, This is far irom being a speculative concern. Tiio businesses of the vendors have been carried on successfully for the last twenty-live years; and the promoters have such confidence in the future of the Association that they are prepared, so long as Mr Caselberg is allowed a controlling voice in the management of the concern as heretofore, to guarantee a dividend of not less than 6 per cent for the next five years, It should be plainly understood that the promoters do not desire now, nor in the future, to take out their capital, but to cariy on the business on the new lines with Mr Caselberg at the head of affairs, assisted by all the present etaS, many of whom have been known to you for the last fifteen years. Disinterested experts will be employed to certify that stocks have been taken at abso lute cost, and all bad or old stock has been reduced to the market value or taken away altogether. Book debts taken over are guaranteed against loss by the venaors. The following contracts have been made, namely:1, a contract between Messrs M Caselberg# i'o„ and the Association. 2. A contract between :lies;is Joseph Nathan & Co., and the Association

'Applications for fibres should be made upon theauCujn|anyiriKiui, and fofwarucil to the licnkeis o the together witii the amount payable on application. If 110 allotment is made the deposit will bo returned without deduction, and whero tlw number of shares allotted ia less than the number applied for, suiplus will be credited in reduction of the amount payable on allotment, A form of Application for Shares ia annexed, and a copy of the memorandum of Association will bo found endorsed on thispiospeotus. A copyofthe Articles of Association, and of tlio contractu above mentioned may be impeded at the office of the ABbOOialiOD'a Solicitors Dated this day of 1892. (Signed) M, CAaELBERQ & CO. (bjglied) JpsEPH NATHAN & CO. "THE COMFAJJIES ACT, M" ASSOCIATION LIMITED BY SHARES, MEMOIIAXDUH OF ASSOCIATION OP THE WAIKAKAPA FAltMEltt' UWJPJSK. ATIVE ASSOCIATION, Lijiitep, (KOBMEBLT M. CABEUIEIIG AND CO,) 1. The name of the Association U " Tub WAiiiAnAPA Faiimeiis' Co-opbbativb Association, Limited." 2. The Registered Office of the Association will be situated in Mastcrton, in the Colony of Now Zealand. 3. The objects for which the Association is established ore. . 'a, To acquire by purchase, as a going concern the stock iu trade, property (real and per eduhl), book debts, and good will of the business now carried on by Me>sr< 11, Caselberg ontl (to, of Mastcrton and Grcytown, Storekeepers; and the premises whero that business )b now being carried on at Mastcrton and Grey toiv/ij also to acquiro by purchase, as a gowgeonfprp, the stock in trade, property"(real and pejv sonal), book debts,-, and good will of the retail business now carried on by Messrs Joeopk Natlmn k Co., at Tinui, in the Pistri/itof IVairorapaj and to take over the said busiiww a? going concerns, as on aud from the first da/ of J;'c|)fuary, ,1892, and to pay for the same either by glares wholly paid up, or by shares partly paid up, or by cash, or partly in opo of suclf ways ami partly In another, (b.) Toacccpt, take oyer, undertake, apd.otfiy out to completion all contracts, engage* racntß, and liabilities entered into or incurred in connection 'with the Baid business or either of tlicm, . (a) To carry oi. in the Wairarapa District, and elsewhere in New Zealand, and iu any pj;t of the world, the businesses of Wholesale Ucneial Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers and any other business, trade, or occupation (whether of a similiat kind to those specially named or pot) which the Directors may from time to (jjjie think it advisable to embark the capital of tjje Association upou or join in, and so that In eye 17 case tlio Directors shall have power to inter mm, and carry ~on anybunmcss upon co-opljtotye wincities (ut.) To purchase stock In trade for such business, from tiin'o'Jo time, jypon 3uch terms as to the Directors shall seem (jit , e.) From time to time to purchase, accept l leases tor terms ot yearn ot, or acquire on any other tenure, land, stores, shops, and other bwldinijs, whereon the business of