ing in such local industries in the distriot, as will prove conduoivo to the welfare of ° tho shareholders, employ labour,' and pro mote the wealth aud population of the district. The Association will wherever auflipient inducement is offered by settlers ' and othprs, fttjd Btibject to t}ip oonsept pf , the 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 sphero ot usefulness,. , This is far from being a speculative con cern; ~ The businesses of. the vendors h(we been parried oiv successfully' for tits ! lasii Uventy-flve years; and the promoters hav? such confidcnco in the future of theAssoeif ation.thut they aro prepared, so long as Mr. Caselbergjs allowed a controlling voice in : the management of the concern as heretoi foro, tu guarantee a dividend of not less than 6 per cent for the next five years, j It should be plainly understood that the promoters.do not.desire now,,nor in the future,' to' take 'out their capital,.but tp car/y on the business on thenewlines with Mr Caseiberg atthekeod'of affairs, assisted ' by all the present staff, many of whom have been : known to you for the last fifteen years. ■. : .! ■■ j Disinterested experts will be employed fp certify stocks have been taken at abso lute stock has been reduced tu tho market value or taken away altogether. Book debts taken over are guaranteed againßt'loßs:by.the vendors.. ■ - Thp'followiflg contracts have been jiade, namely';- ' 1, A contract between Messrs M Case ••. berg & Co,, anil tho Association. : 2, A contract between liessis Joseph Nathan i Co., and the Association Applications for shares should be mado upon tho accompanying form, and forwar ded to the Esnkots o the Association, together with the amount payable on appli cation, If ! no allotment is'made the deposit will bo returned without deduc tion, and where; the number of. share's allotted is less than tlje lpimbep applied for, surplus will be credited in'reduotion of tho amount payable on allotment, A form ot Application for Shares is an nexed, and a copy.ot the memorandum of Association will be found endorsed 'on hisprpspeotus. 