Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4119, 23 May 1892, Page 4

PROSPECTUS o? The Wairarapa Farmers' Co-Operative Association, [LIMITED.] (Formerly M, Casolberg & Co.) Incorporated unclcr" The Companies Act, 1682," (]APITAL7*OOO; Divided into 20,000 Bhares of £5 caob, with power to increase as required, Payable as follows: 6s on application, 5s on allotment, fig every three months until £1 ia paid, and the balance by calls. It is not anticipated that it will bo necessary to call up any further Capital boyond £1 per Share, but in no case will further calls be made excy|ding2s fid pec month. Directors: MYEU CASELBERG, Esq. WILLIAM HENKf HOIKING,M,I). LIONEL CABELBEKG, Esq. A. W. CAVE, Esq DAVID JOSEPH NATHAN, ESQ. DONALD DONALD ESQ LOUIS JOSEPH NATHAN, Esq. WITH TOWER 10 ADD TO THEIR NUMBER. Bankers: THE BANK OF AUSTRALASIA, Secretary: D, MoINTOSH, Solicitor: L It. BUNNY, Esq., Mastorton, Head Office: MASTERTON. Branches: GREYTOWNANDTINUI. PROSPECTUS,

THE association lus been formed lot the purpose ot acquiring the old established anil successful General Business of Messrs M, Cnselberg & Co., at Mastcrton and Greytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Wairarapa District, and hereolttr to carry on a general business upon the co-operative principle under which shareholders and customers of the Association will share in the profits, according to methods to he determined from time to time by the Directors, and for 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 the chief centres, commodious business premises repletowith facilities for economically and expeditiously carrying on tho dis-, tributing trade, Esperienccd managers with a thorough knowledge of local requirements are indis. pensible for the efficient conduct of tie 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 their requirements. It is of even greater importance to know how, where, and when to exporter otherwise dispose of the produce to the best advantage, But the real difficult ties of all such institutions is tho beginning ; for they must have capital at command, and have such fioanci&l arrangements, not only in the Colony, but in the various markets of tho '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 rook bottom limits,

Tho profits of the Association after payment of expenses will belong to, and be distributed amongst tho 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 the balance of the profits amongst th 6 shareholders, according to the amount of business dono by each, and a bonus to employees, and to carry part to a lieserve Fund for the equalisation o! dividends, and for the distinct object of starting or investing in such local industries in the district, as will prove conducive to tho welfare, of the shareholders, employ labour, and promote tho wealth and population of the district, The Association will wherever aufficicntinducement is offered by settlers and others, and subjcot 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 from being a speculative concern, Tho businesses of the vendors have been carried on successfully for tho last twenty-five years j 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 0 per cent for the next five years, It should be plainly understood that tho promoters do not desiro now, nor in the future, to take out their capital, but to carry on the business on the now lines with Mr Caselberg at the head of affairs, assisted by all tho present staff, 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 aro guaranteed against loss by tho vendors. The following contracts have been made, namely:— 1, A contract botween Messrs M Caselberg & Co,, and the Association, 2. A contract between hjssis Joseph . Nathan & Co., and the Association Applications for shares should be made upon the accompanying form, and forwarded to the Ssnkers o° tho Association, together with tho amount payable on application, If uo allotment is made the deposit will bo returned without deduction, and where the number of shares allotted ia Icbs 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 memorandum of Association will be found eodorscd on this prospectus. A copyof the Articles of Association, and of the contracts above mentioned may be inspected at tho office of the Association's Solicitors

Dated this day of 1892, (Signed) 51, CAHELBEItQ & CO, (Signed) JOSEPH NATHAN & CO, "THE COMPANIES ACT, 1882," ASSOCIATION LIMITED BY SHARES, JIEMOHANDUM Of ASSOCIATION OF lIIE WAIII ARAPA FAHMEItS' CO-OPER-A'i'lVE ASSOCIATION, Limited. (roiIMKBLVM, CASEMEHa AND CO.)

1, The ni.me of the Association is " The Waiiurapa Fabmeiis' (!0-OI'KIMTIYE Association, Limiteij." 2, The liegistcred Oilicc of the Association will bo situated in Mastcrton, iu the Colony of New Zealand. 3, Tho objects for which, the Association is established ore 'A, To acquire by purchase, as a going concern tlio stock iu trade, property (real and per tonal), book debts, and good will of the business now carried on by Mcssrt M, Caselberg and Co,, of Mastcrton and Greytown, Storekeepers; and the premises where that business is now being carried on at Masterton and Grey town; also to acquire by purchase, as a going concern, the stock iu trade, property (real and personal), book debts;, and good'will of the retail business now carried on by Messrs Joseph Nathan k Co., at Tinui, in the District of AVairarapa; and to take over tbe said businesses as going concerns, as on oud from tho first day of February, 1892, and to pay for tho same cither by shares wholly paid up, or by sliares partly paid up, or by casli, or partly in one of such ways and partly in another. (ut.) To accept, take over, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or incurred in connection with tho said business or either of them, ... (c.) To carry on in the Wairarapa District, and elsewhere in Now Zealand, and'in any pwt of the world, tho businesses of Wholesale tfeneial Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Fanners and any other busineao, trade, or occupation (whether of a similiat kind to those specially named or not) which the Directors may from time to time think it advisable to embark tho capital of tho Association upon or join in, and so that in every case the Directors shall have power to enter upon, and carry on any business upon co-opirativo principles (d.) To purchase stock in trade for such buaineks, from time to time, uponiucb terms as to the Directors shall seem fit £,) From timo to time to purchase, accept leases lor terms ot years ot, or acquire on any other tenure, land, stores, shops, and other building whereon tho business of