Why can't we just pour them up?
If you pour the impression, you will only attain 3-4 mm of vertical height at the thinnest part of your stone model. Normally, you need 6-8 mm of thickness to prevent the stone model from breaking under flasking pressure (or something like that).
In order to compensate for the additional 3-4 mm you need in vertical height, you will need an additional mix of stone, A.K.A., THE BASE.
Those two mixes of stone will never become homogeneous, which creates a weak junction in your master model, at which it may break under flasking pressure, potentially ruining/destorting your final prosthesis.
SO, the boxing allows you to pour the impression AND the base, while maintaining that vertical height and homogeneity of your master cast stone model. It's also just a good way to create nice, flat, even land areas on your master cast model for flasking and processing purposes.
I'm sure it could have been explained using much less words too, but I'm just in a good mood.