Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4118, 21 May 1892, Page 4

The Wurwapa Fanners' Co-Operative Association, [LIMITED.] (Formerly M, (Jasolberg A Co.) CAPITAL, 1100,000; Divided into 20,OOOShares of & 5 each, with power to increase as required. Payable as follows: : 5s on application, 6s on allotment, ( 5s every three months until £1 is paid, and theklancobycalls.lt is not anticipated that it will bo necessary to call up any further | Capital boyondil per Share, but in no case will further calls be made exceeding 2a 6d per month. Directors: MYEROASEDBERG.Esq. "WILLIAM HENKf HOSKING, M.D. LIONEL CASELBERG, Esq. A. W. CAVE, Esq DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WITH rOWEK 10 ADD TO IBBIR NOMBBB. THE BANK OF AUSTRALASIA, Secretary: D. McINTORH, Solicitor: A. R. BUNNY, Esq., Mastodon, MASTERTON, Branches: GREYTOWNaNDTINUI. THE association has been formed lor the purposo of acquiring the old established anil buccobsiul General Business of Messrs M. Caselberg & Co,, at Masterton and Grcytown, and Messrs Joseph Nathan & Co'a Retail Business at Tinui, in the Waharapa District, and hereafter to carry on a general business upon the co-operative princip : e. under which shareholders and customers of the Association will share in the profits, according to methods to bo 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 prospectus, An association of this nature requires, in the chief centres, commodious business premises repletewith facilities for economically and expeditiously carrying on tho dis-, tributing trade, Experienced managers with a thorough knowledge of local requirements are indie, pensible for the eflio:ent 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 theincijuircrnents. It is oi even greater importance to know how, whore, nnd when to exportor otherwise dispose of the produce to the best advantage, But the real difficult ties o! all such institutions is tho beginning; tor thtyrnust have capital at command, and Imvo such financial arrangements, not only in the Colony, but in the various markets of the world, as will inspire the utmost confidence to enablo it to build up a first-class credit and good name, and thus transact business on rook bottom limits,

The profits of the Association after payment of expenses will belong to, and bo distributed amongst the shareholders, It is at present proposed after payment to shareholders of a dividend of 7 per cent part of the balance of the profits amongst the shareholders, according to the amount of business doDe by each, and a bonus to employees, and to carry part to a Eesorvo Fund for the equalisation of dividends, and for the distinct object of starting or investing in such local industries in tho district, 03 will prove conducive to the welfare of the shareholders, employ labour, and promote the wealth and population of the district, The Association will wherever sufficient inducement is offered by settlers and others, and subject to tho consent of tbo shareholders, endeavour to ally itself, o amalgamate, with similar institutions, and thus by sharing the cost of management and conduot of business, reduce expenses and enlarge its sphere of usefulness, Thiß is far from being a speculative concern. The businesses of the vendors have been carried on successfully for tho last twenty-five years; and tho promoters have such confidence in tho future of the Association that they are prepared, so long as Mr Caselberg is allowed a controlling voice in tho 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 tho promoters do not desire now, nor in the future, to tako out their capital, but to carry on the business on the new lines with Mr Caselberg at the head of affairs, assisted by all the present staff, many of whom have been known to you for the last fifteen years. Disinterested experts will be employed to lute cost, ;.nd all ba.l or old st ok hai been rednccJ I" the market value or taken aw..y altogether. Book debts token over are guaranteed ogaiusi loss by the ven tors The following contracts have been made, namely:1, a contract between Messrs 11 Oisel ■ borg&io,,ani the Association, 2. A contract between .ues-is Joseph Nathan A Co,, and the Association Applications for shares should bo niado upon the accompanying f orm, and forwarded to the Bsnkeia o the Association, together with the amount payable on application, If no allotment is madn the deposit will bo returned without deduction, and where the number of shares allotted ia less than the number applied for, surplus will be credited in reduction of the amount payable on allotment. A form of Application for Shares is annexed, and a copy of tho memoraud .in of Association will be found endorsed on tuispiospectus. A copyofthe Articles of Association, and of tho contracts above mentioned may be inspected at the office of the Association's Solicitors Dated this day of 1892, (Signed) M, CASELBERG & CO, (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1832." ASSOCIATION LIMITED BY SHARES,

MEMORANDUM 01' ASSOCIATION Of HIE ■WAIUARAPA FARMEIiS' COOPERATIVE ASSOCIATION, Limited. (rTOIEJLYM, OASEIBERO AND CO,) 1, The name of the Association is " The Wamaiufa Fahmehs' Uo-opkbaiive Association, Limited," 2, The KvgiatcreU Office of the Association will he situated in Maatetton, in the Colony of New Zealand. , 3, The objects for which the Association is established aia :- '*, To acquire by purchase, as a going concern the stock in trade, property (real and per sonal), book debts, and good will of tbo bußffiCß3 now carried on by Mcmi M. Casclberg and Co,, of Maaterton and Grcytown, Storekeepers; and tbo premises where that business is now being carried onatJlastertonandGreytown; also to acquire by purchase, as a going concern, the itock in trade, property (real and personal), book debts;, and good will of tbe retail business now carried on by Messrs Joseph Nathan & Co,, atTinui, mtbo District of Wairarapa; and to take over the said businesses as going concerns, as on and from the first day of February, 1892, and to pay for tho same either by shares wholly paid up, or by shares partly paid up, or by cash, or partly in one of such wayß and partly in another. (b.) Toatccpt, take over, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or incurred in connection with tho said business or tither of them, (c) To carry on in the Vairarapa District, and elsewhere in Now Zealand, and in any nirt of the world, tho businesses of Whole--I*. .. i «f' i—» i u.....r.. lurers, and Retail General Dealers and Shopkeepers, and Fanners and any other businesc, trade, or occupation (whether of a similiar kind to thoso specially named or not) which the Directors may from timo to time think it advisable to embark the capital of the Association upon or join in, and so that in every case tho Directors ■ shall have power to enter upon, and carry lon any business upou co-opirativo principles . , ... (D.) To purchase stock in trade for such busi- ' news, from tiumtotime, upon -ucli terms as to the Directors shall seem fit, E.) From timo to time to purchase,.accept leases tor terms ot years ot, or require on any other tenure, land, storeß, shops, and other builduw whereon the business of