Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4123, 27 May 1892, Page 4

PROSPECTUS ov The Wairarapa Farmers' Co-operative Association, [LIMITLD.] (Formed; M. Caselberg & Co,) Incorporated under " Tho Companies Act, 1»82," CAMTAL7^IOO,OOO; Divided into 20,000 Shaves of £5 each, with power to increase as required. ■ Payable as follows: 5s on Application, 5s on allotment, 5s every tlireo months until £1 is paid, and tho balance by calls. It is not anticipated that it will be necessary to call up any further Capital beyond £1 per Share, but in no case will further calls be made exceeding 2s Gd per month, Directors: MYER CASELBERG, ESQ. WILLIAM lIEN'KY lIOSKING, M,D, LIONEL CASELBERG, Esq. A, W. CAVIi, Esq • DAVID JOSEPH NATHAN, Esq. DONALD DONALD ESQ LOUIS JOSEPH NATHAN, Esq. WITH FOWEUIO ADD TO THEIR SOMBER, . Bankers: THE BANK OF AUSTRALASIA, Secretary: D, McINTOSH, Solicitor: A. R. BUNNY, Esq,, Mnsterton. Head Office: MASTERTON. Branches: GREYTOWNANDTINUI. pbospectus,

THE association lias been formed for tho purpose of acquiring the old established and successful General Business of Messrs M. Caselberg k Co., at Masterlon and Groytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinni, in the Wairarapa District, and Lereafter to carry on a general business upon the co-operativo principle under which shareholders and customers of the Association will share in the profits, according to methods to ho determined from timo to timo by tho Directors, and for tho other purposes mentioned in the Memorandum of Association, a cop; of which is endorsed on this prospectus, An association of this nature requires, in the .chief centres, commodious business premises rcpletewith facilities for economically and expeditiously carrying on tho disi tributing trade. Experienced managers with a thorough knowledge of local requirements arc indis. pensible for the efficient conduct of the business, and for keeping jjood saleable clean stocks. It is necessary to know in what markets at what seasons, and in what quantities to buy theivrequirements. It is of even greater importance to know how, where, and when to esportor otherwise dispose of the produce to the best advantage, But tho real difficult ties of all such institutions is the beginning; for they must hare capital at command, and have such financial arrangements, not only in tho Colony, but in the various markets of tho world,' as will inspiie 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 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 prolits amongst the shareholders, according to the amount of business done by each, and a bonus to employees, and to carry part to a Besorvo Fund fortius equalisation of dividends, and for the distinct object of starting or investing in such local industries in tho district, as 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 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 enlargo its sphere of usefulness. This is far from being a speculative, concern, The businesses of the vendors have bees carried on successfully for the last twenty-five years; and tho promoters have such confideuco 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 fivo years, It should be plainly understood that the promoters do not desiro now, nor in the future, to take out their capital, but to carry on tho business on thenewlines with Mr Caselberg at the head of affairs, ossisted by all tho present staff, many of whom have been known to yon for tho 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 the vendors. The following contracts havo been made, namely:— 1, A contract between Messrs M Caselberg & t'o„ and the Association. 2. A contract between Messis Joseph Nathan & Co., aud the Association

Applications for shares should be made upon the accompanying form, and forwarded lo the Dsnkcrs o' the Association, together with the amount payable on application. If 110 allotment is madn the deposit will be returned without deduction, and where the number of shares allotted is 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 ot the memorandum of Association will be found endorsed on tiiispiospectus. A copyoftho Articles of Association, nod of tiic contracts above mentioned may be inspected at the office of tho Association's Solicitors Dated this day of 1892, (Signed) M, CAsELBERG & CO, (Signed) JOsEl'fl NATHAN & CO, "THE COMPANIES ACT, 1882." ASSOCIATION LIMITED BY SHAKES, MEMORANDUM 01' ASSOCIATION OK THE TVAIItAIUPA FAKMJIiia 1 CO-OPJSJi-ATIVJS ASSOCIATION, LIMITED, (FORMERLY M. OASELUKItG AND CO,)

1, The name of the Association is " The Waiiiaiui'a Faummis' 00-opkbativk Association, Limited." , The ltegistered Office of the Association will bo situated in Mastcrton, in the Colony of New Zealand, 3. Tho objects for which tho Association is established ore 'a, To acquire by purchase, as a going concern the stock in trade, property (real and per sonal), book debts, and good will of the teicees now carried on by Mefflri M, Caselbcrg and Co., of Jtasterton and Greytowu, Storekeepers j and tho premises where that business is notv being carried on at Mastertonand 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 k Co., at Tinui, in tho District of Wairarapi j and to take over the said businesses as going concerns, as on aud 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 ways and partly in another. (d.) To accept, take over, undertake, and carry out to completion all contracts, engagements, and liabilities entered into or incurred in connection with the said business or either of them. (o.) To carry on in tho Wairarapa District, and elsewhere in New Zealand, and in any pi;tof the world, the businesses of Wholesale ;Ueneial Merchants and Manufacturers, and Retail General Dealers and Shopkeepers, and Farmers and any other busims», trade, or. occupation (whether of asimiliat kind to thoso specially named or aot) which tho Directors may from timo to time think it advisable to embark tho apilal of the. Association upon or join in, and bo that, in every caßo tho Directors shall have power to enter ujion,- and carry on any bums upon ;co-optrativo principles 0.) To purchase stock in trade for such business, from time to time, upon 3uch'terms as to the Directors shall seem fit E,) From timo to time to purchase, accept leases for terms ol years ot, or a quire on any other tenure, land, stores, shops, and Other building, whereon the business of