Page 1 Advertisements Column 5

Daily Telegraph (Napier), Issue 3135, 15 July 1881, Page 1

Impounding Notices, IMPOUNDED AT HASTINGS, By PeniTe Ua, on July 2ud, ONE YearJing Heifer, red and white, no brand vibible Unleps iedecmed, will be sold July 18th, at noon. W. A. BEECROFT, Poundkeeper. Hastings, July 4th, 1881. IMPOUNDED AT HASTINGS, (By Wm. Evison, on July 11.1 BROWN MARK, about l.=V hands high, white star on forehead, off fore-fetlock white, sore back, no brand visible. Damages 12?, driving 2s CJ. Unless redeemed will be sold on MONDAY, July 25th, at noon. W. A. BEECROFT, Poundkeeper. IMPOUNDED AT TARADALE By Geo. Hymer, on July 11, 1881. ONE Black Gelding, branded like M on near shoulder, 15.$ hinds high. Will be sold on Tuesday, the 20th July, unless redeemed. A. MACDONALD, Poundkeeper. Taradale, July lith, 1881. Frospectus. A BRIDGED TpROSPECTUS OP THE EAST COAST NATIVE LAND AVD SETTLEMENT COMPANY, (LlillTED.) Capital £500,000, in 100,000 shares of £5 each; whereof £70,000 will be allotted to the Aboriginal Native contributors of land, called "Original Shares." and 30,000 to European subscribers of Capital, and called " Capitalist Shares." First issue of Capitalist Shares 20.000, payable as follows :—ss on application, 5s on allotment; subsequent calls, if they are required, not to exceed 6s each, nor to be made at intervals of less than three months. Provisional DmEorons: Hon. 11. R. Russel, M L.C., Hawke's Bay Hon. W. H, Reynolds, M.L.C , Dunedin John BarTacloiie-, Esq, Oamara Horace Bastings, Esq, M.H.R., Dunedin F. H. D. Bell, Esq, Wellington J. Buchanan, Esq, J.P„ Napier W. Buchanan. Esq, Auckland Joseph Bennett, Ksq, Auckland William Coleman, Esq, Auckland J. M. Dargaville, Esq, Auckland G. Fenwick, Esq, Dunedin 0 A. DeLautour, Esq, M.H.R., Gieborno Allan M'Donald, Esq. M.H.R., Gisborne D. H Mackenzie, Esq, Auckland F. J, Moss, Esq, M.H.R., Auckland Wiremu Pere, Native Chief, Gisborne Henare Potae, Nativo Chief. Tokomaru Bay J. B. Poynter, Esq, J.P., Gisborne C. A Pritchard, Esq, Christchurch D. Proudtoot, Esq, Dunedin Montagu Pym, Esq, Dunedin G-. M. Reed, Esq, Gisborne R. C. Reid, Esq, M.H.R., Hokitika W. L. Rees, Esq, Gisborne R. H. J. Reeves, Esq, M.H.R., Nelson H. C. Robj'ohns, E_q, Napier Major Ropata, Native Chief, Tokomaru Bay J. M; Shera, Esq, Auckland R Stout. Esq, Dunedin W. H. Tucker, Esq, J. P., Gisborne J. S M. fhompson, Esq, Wellington R. Wilson, Esq, Dunedin Solicitors : Wellington- Messrs Sievwright and Stout Gisborne—W. L. Reeg Bankers: Tho Colonial Bank of New Zealand Brokers and Agents •- Auckland—Alexander srunders Dunedin—J. B. Bradshaw Oamaru—Joseph Booth Christchurch—T. B. Craig Wellington—Lidbstter and Cooper Napier— M. R. Miller Hon. tucRETARY: F. o. Moss, M.H.R., Wellington The following is an epitome of the objects of the Company as detailed in the Prospectus, which may be obtained from the Brokers and at the various Blanches of the Colonial Bank :— The object of this Company is the Voluntary Ase.ciation of the owners of Native Lands with European Capitalists, for the purpose of promoting settlement on the lands on the East Coast of the North Island of New Zealand It is intended to be attained by the Native owners contributing blockß of land at original or unimproved values, receiving paid-up shares in the Company for the same ; the European Shareholders contributing capital to be called up in fixed and limited amounts as may be found requisite for conducting the operations of the Company. It is intended that the cash capital raised shall be employed in defraying expenses of managemert, completing titles, effecting surveys and subdivision into farm and township lots, opening means of access, conducting the sale and leasing of lands, promoting the formation of Special Settlement parties from . England and elsewhere, making advances to settlers on security, and generally in Utilising the lands and property vested in the Company to the best advantage. The Company is at preser.t registered under " The Joint Stock Companies Act," with a nominal capital of £25,000, by the promoters, who, finding it necessary to increase their operations, transfer their j interests to the extended proprietary, retaining \ 1000 paid-up Capitalist and 1000 paid-up Original Snares in the Company. The Government having abandoned the purchase of Native lands, the Native owners in the Poverty Bay and East Coast districts being strongly desirous of opening their lands for settlement, in a manner mutually beneficial to themselves and such Europeans as may be desirous of becoming associated with them on the principles proposed in the_ Prospectus, have, after making provision for their own requirements, entered into contracts for pass'ng over large areas of valuable land to the Company, at prices based on those of former Government purchases, receiving shares in payment for the same. It is anticipated that the Company will be able to dispose of its lands to g.eat advantage, as under its control, and with its guarantee, title will be aosolutely good, while all lands purchased will be at once placed uuder the " Land Transfer Act," and will be sold from time to time for cash, or on long defe:red payments, and generally in accordance with the legulations guiding the disposal of the waste lands of the Crown. The Capitalist Shares will bo preferential, having secured to them a minimum of eight per cent per annum as a first charge on the profits, with a further division of profits in proportion to the capital invested. Five Directors will be elected by the Capitalist Shareholders, and four by the Original Shareholders, the qualification of a Director being the possession of not less than fifty shares. The Capitalist Shareholders will, under regulations, be entitled to purchase lands of the Company for their own bona fide occupation, surrendering their shares in payment, which shall be accepted as value for ten per cent over the amounts paid up. The Native Shareholders will also be entitled, under regulation, to select reserves for their own occupation , surrendering their shares in payment. Ten thousand shares will be set apart for sale in Britain to intending 6ona ./Me settlerß, and an officer of the Company will te locat _d in England, to send out Special Settlement Parties for the Company's landsTo prevent the improper diversion of the Natives interest, original shares given in the purchase of lands will not be tran.ferable without the consent of a Native Committee, and the approval of the Directors On these pilnciples it is believed that the formation of the East Coast Native Land and Settlement Company will provide for the natives the readiest and most beneficial method of placing their Lands for sa'e and settlement, while the great and growing demand in Great Britain among intending emigrants for Land in the Colonies, and the ever unsatisfied demand for land among the would-be settlers in the Colony itself, the well-known fertility of the Poverty Bay and East Coast lands, their suitableness for extensive settlement, and tbe greatly enhanced value which must be inevitably given to lands there situated by the promotion of settlement in this wholly undeveloped district, combine to present to capitalists investing a, prospect of remuneration, and an extension of sphere for the operation of capital, probably unequalled by any other proposal yet submitted In the colony. The Memorandum of Association may be seen in the hands of tbe Solicitors and Brokers of the Company, and detailed prospectuses and forms of application for shares may be had from the Brokers and at the various offices of tho Colonial Bank of New Zealand. Tho list of applications for shares will be positively closed at Wellington on Saturday, the 30th July. NOTICE. PROSPECTUSES of the EAST COAST NATIVE LAND and SETTLEMENT COMPANY f LIMITED), can be obtained at the office of v M. R. MILLER, Stock and Station Agent. NOTICE. MY Establishment will be CLOSED on and after July 4th, at 0 o'clock every evening, except Saturdays, until further notice. Customers will please notice also that wo still sell CHEAPER thay any one else in the colony, because we are tho only bonajlde cashbuyeis. H. H. WALL, Watchmaker.