Page 2 Advertisements Column 5

Clutha Leader, Volume IV, Issue 193, 22 March 1878, Page 2

maam " m^ amm^^^ n^mm^m^mmmm^^.mmmm.mmmmmmm\ n_ ■— New Advertisements. : 'J— : QLUTHA PROPERTY INVESTMENT • AND BUILDING SOCIETY. ISSUE OF NEW SHARES. President : T. T. RITCHIE, Banker. Vice-President .- ALEXANDER GRIGOR, Teacher. Committee : I Robert Cramond. John Low. Robert Hogg. G. W. Hutchins. - ... James C. Young. William Hope. Alexander Bain. R. Bentham. , Robert Doull. m . • -if Secretary : . •• ii Thomas Paterson, Acccountant. Auditor. Charles Hawson, Accountant. Bankers : "f The National Bank of New Zealand. i t Paid-up Capital on 1300 Shares, £15,000. ! ' : Annual Revenue £4,800. ' '"'''* ' . -. :.'-...!) Head Office : Balclutha. .„, AGENCIES: -; Ay Kaitangata . . David Dunn. ■-••• Inch Clutha . . George Bell. Port Molyneux . James Paterson. Clinton . . . Garden & Young. Matauri . . William Main. Tapanui . ** r-$ This Society, established in August, t 1870, has done much to foster the progress • A. of the Clutha and adjoining districts, loans ' ;f|! of from £50 to £500 having been granted by the Committee of Management on the „.*• • ;! security of freehold property in town and ,j„ country, amounting in the aggregate to £25,000. • A The original series of shares running off during the course of the current year, the "< «' Committee have determined to comply '.<' with a very generally expressed wish for a new series, thus affording an opportunity to Investors and Borrowers becoming, members of the Society on favourable terms. The present appears in many respects a particularly opportune time for- v . the Society extending its business. Tho safety of Loans effected under >n Building Society Rules is proverbial, and. A the profits in all Societies, managed with care and prudence, are large. To ordinary investors therefore wishing to lay past small sums monthly, no better investment or more profitable return for money can be obtained. The average profits made by ' *\ : this Society from its commencement has >>) been upwards of 14 per cent, per annum., „, For borrowing purposes it is a well known fact over and over again proved, that these societies afford by far the cheapest and *- readiest means available for raising money. Borrowers being also shareholders, thus-, obtain an equal share in the profits, and as-' the rate of interest charged is Only 8 per cent, the profits much more than cover the •;•*• interest, the balance being available in re- . ■ " « duetion of the Loan. ■-,-■' . . m The shares will be of the ultimate value ' A.. AA of £25, raised by monthly subscriptions of 3s. per share. Discount will be allowed on subscriptions paid in advance. . ; Provision is made in the rules for mem- . . 4 bers withdrawing the whole or any part of '■=? . their investments with a share of accrued '£-y J profits. i ; AM The Committee are desirous* that apf^^S plication for shares bo made with as little"- y% delay as possible, and due notice will be J 9 given when the first monthly subscription AA will be payable. y^ Forms of application for shares can be '} obtained from the Secretary, Balclutha, and from the Agents, and must be accom- *,-: panied with a deposit of 2s. per share. '. "A Balclutha, March, 1878. 129 ] Tfl S. T A B.L I S H. E D 1861.; ,j v| JOHN MATTHEWS' A SPRING CART, BRAY, AND WAGGONT * 5 FACTORY, " : '';; s | Great King Street, Dunedin. a. J Spring Carts, £17 ; Farm Drays; £17' A * 'I Tip Drays, £17 ; Station Waggons, £25 : Jf Express Waggons, £28. * . •!-. -.- -ii Workmanship and-material-guaranteed.-- , ■-;...' m Delivered free at Dunedin railway^statio-h^**" "'fl 153 ' - 1