allowed a controlling voice in the management of the conoern as hereto fore, to guarantee a dividend of not less than 0 per cent for the next five years, it should bo plainly understood that tho promotora do not desire now, nor in tho future, to take out their' capital, but to oar.y on the business on tho new lines with Mr Caselberg at the head of affairs, assisted by all the present staff, many of whom liave been known to you for tho last fifteen j years, ' Disinterested oxperts will be employed to certify that stocks have been taken at auso lute cost, and all bad or old stook has been reduced to the market value or taken away Book debts taken over are guaranteed against losb by the vendors. Tho following contracts have been made, mely;— 1, A contract between Messrs M Caaal ■ berg & Co,, and tho Association, 2, A contract between toessis Joseph Nathan&Co., and the Association Applications for Bharcs should be made upon the accompanying form, and forwar ded to the Bsnkers of tho Association, together with the amount payable on appli cation. If no allotment is madn the deposit will be returned without .deduc tion, 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 oj Application for Shaves is an nexed, and a copy of the memorandum, pf Association will'be found endorsed on his prospeotus. AQonyof'theArotiolos of Association', and of the oontracts above mentioned may bo inspected at the office of tho Association's Solicitors 'Dated this day of 1892. (Signed) M, CASELBERG <is CO. (signed) JOoEPHNATHAN*CO, "THE COMMIES. ACT, 1882," ASSOCIATION LIMITED BY SHARES. memohandum ok association of tllk WAIRAIUPAFARMEIIB'CO..-OPER. ATIVE ASSOCIATION, Li^p, (l-p'ItSIEJiKM, 1, Tho name of tho Association is ' l Tub ■VjAIiiABAPA FAIIMEBB' CO-OratATlVB Association, Limited,'' 2, The Registered. Office of tbe Association will be. situated in Masterton, in the Colony of Now Zealand. 