Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4119, 25 May 1892, Page 4

The Wairarapa Farmers Co-Operative Association, . [LIMITED,] (Formerly M, Casolbcrg it Co.) Incorporated mint " Tho Companies Act, 1b82," Divided into 20,000 Shaves o( £5 each, with power to increaso as requited. Payable as follows: Gs on application, 5s on allotment, 5s every three months until £1 is paid, and tho balance by calls. It k not anticipated that it will he necessary to call up any further Capital beyond £1 per Sharo, hut in no caso will further calls bo made exceeding 2s 6d per month, Directors; MYEROASELBERG,Esq. WILLIAM HENM HOSKING, M.D. LIONEL OASELBEIIG, Esq, A, W. GAVE, Esq DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. Willi POWER TO ADD TO IHRIR NUMBER. THE BANK OF AUSTRALASIA. Secretary: D. MoINTOSE. Solicitor: A. R. BUNNY, Esq., Maaterton. Head Office: MASTERTUN. Branches: GREYTOWNaNDTINUI.

THE association has been _ formed for tha purpose of acquiring the old established and successful General Business of Messrs M. Caselberg & Co., at Mastcrton and Greytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in tho Wairarapa District, and hereafter to carry on a general business upon tho co-operative principle under which shareholders and customers oi the Association will share in the profits, according to methods to bo dstermined from time to timo by tha 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 tho chief centres, ■ commodious business premises ropletowith facilities for economically and expeditiously carrying on tho dis-. tributingtrado. Experienced managers with a thorough knowledge of local requirements are indis, pensiblo for the efficient 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 thcirrequirements. It is of even greater importance to know how, where, and when to export or otherwise dispose of the produce to the boat advantage But tho icnl difficuN 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 tho utmost confidence to enable it to build up a first-olass 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 the shareholders. It is at present proposed after paymeut to shareholder of a dividend of 1 per cent upon amount of paid up capital to divide part of Ihe balance of the profits amongst the shareholders, according to tho amount of business done by each, and a bonus tu employees, and to carry part to a lieserve Fuud lor tho equalisation of dividends, and for the distinct object of starting or investing in such local industries in the district, as will prove conducive to the welfare of tho shareholders, employ labour, and promote the wealth and fopulation of tho district, Tho Association will wherever Bufficientinduccment is offered by settlers 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. The businesses of tho vendors havo been carried on successfully for the last twenty-hve years; and the promoters havo such confidence in the future of tho 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 cany on tho business on the new lines with Mr Caselberg at the head of affairs, assisted by all the present stßff, many of whom have been known to you for the last fifteen years. Disinterested experts will bo 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 vendors. Tho following contracts havo been made, namely:1, A contract between Messrs M Oasel» berg & Co,, and the Association. 2. A contract between Mesaib Joseph Nathan & Co,, and the Association

Applications for shares should he made upon the accompanying form, and forwarded to the Bankers o' the Association, together with the amount payable on application. II no allotment is made the deposit will be returned without deduction, and where the number of shares allotted 13 less than thenumber applied for, surplus will be credited in reduction of tlio amount payable on allotment, A form oi Application for Shores is anneicd, and a copy of the memorandum of Association will bo found endorsed on this prospectus, A copyoftho Articles of Association, and of the oontracts above mentioned may be inspected at the office of the Association's Solicitors Dated this day of 1892. (Signed) M.CABELBERG& CO, (Signed) JOSEPH NATHAN & CO. "THE COMPANIES AOI, 1882." ASSOCIATION LIMITED BY SHAKES, MEMORANDUM OF ASSOCIATION OF THE "WAIIIARAPA KAKMEUS' CO-OFKU-A'l'lVE ASSOCIATION, Limited, (FORMERLY M. CASKLBEHO AND CO.) 1, The name of the Association is " Tim Vairahapa Farmers' Co-operative Association, Limited." 2, The lUgistctid Office of the Association will be situated in Mastcrton, in the Colony of New Zealand. S, The objects for which the Association is established »ie : 'A, To acquire by purchase, as a going concern the stock iu trade, property (real and per tonal), book debts, and good will of the bushees now carried on by Me-Bri M, Caselberg and Co., of Mastcrton and Greytown, Storekeepers; and the premiscs where that business is no* being carried on at Mastcrton and Greytown; also to acquire by purchase, as a going concern, the stock iu trade, property (real and personal), book debts,, and good will of tho n tail business now carried on by Messrs Joseph Nathan 4 Co., at Tinui, in the District of "Waiiarapi;_ and to take over the said businesses as going concerns, as on and from the drat day of February, 1832, and to pay for the same either by shares wholly paid up, or by shares partly paid up, or by cash, or partly in one of such ways and partly in another, (b.) To accept, take over, undertake, and cany out to completion all contracts, engagements, andliabilifa entered into or incurred in connection with the said business or either of them. (ft) Tocarry on in the WairarapaDistrict, and clsewhcro in New Zealand, and in any pirt of the world, the businesses of Wholesale Uenetal Merchants and Manufacturers, and Ketail General Dealers and 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 caso tho Directors shall have power to enter upon, and carry on any business upon co-optrative principles (d.) To purchase stock in trade for such business, from time to time, upon3Uch terms as to tho Directors shall seem fit E.) From timo to time to purchase, accept leases tor terms ot years ot, or squire on iffl!MjWW(l