Page 1 Advertisements Column 5

Daily Telegraph (Napier), Issue 3136, 16 July 1881, Page 1

Impounding Notices, IMPOUNDED AT HASTINGS, By Pent're Ua, on July 2nd, ONE Year iug Heifer, rod and white, no brand vL-iblc Un!c?s icdeunsd, will be sold July 18th, at noon. W. A. BEEOROFT, Poundkeeper. Hastings, July 4th, ISSI. IMPOUNDED AT HASTINGS, (By Wm Evison ,011 July 11.1 BROWN MARK), about W, hands high, white star on forehead, off fore-fetlock white, sore back, no brand visible. Damages 12*, driving 2s GJ. Unless redeemed will be sold on MONDAY, July 25th, at noon. W. A. BEEOROFT, Poundkeeper. IMPOUNDED AT TARADALE By Geo. Rymer, 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 14th, 1881. Prospectus. \ BRIDGED "pROSPECTUS OP THE EAST COAST NATIVE LIND A*'D SETTLEMENT COMPANY, (Limited.) 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 oilled " Capi. talist 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 5s each, nor to be made at intervals of less than three months. Prdvistonal DmEcroßS : Hon. H. R, Russel, M L.C., Hawke's Bay Hon. W. H, Reynolds, M.L.C , Dunedin John Barn-aclou?h, Esq, Oamaru Horace Bastings, Esq. M.H.R., Dunedin F. H. D. Bell, E: q, Wellington J. Buchanan, Esq, J.P„ Napier W. Buchanan. Esq, Auckland Joseph Bennett, l.sq, Auckland William Coleman, Esq, Auckland J. M. Dargaville, Esq, Auckland G. Fenwick, Esq, Dunedin C A. DeLautour, Esq, M.H.R., Gisborne 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 Benare Potae, Native Chief. Tokomiru Bay J. B. Poynter, Esq, J P., Gisborne C A Pritchard, Esq, Christchurch D. Proudfoot, Esq, Dunedin Montaau 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. Robjohns, Esq, 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. Thompson, Esq, Wellington R. Wilson, Esq, Dunedin SCL!CITOR3 '• Wellington-Messrs Sievwrlght and Stout Gisborne—W. L. Rees Bankbrs : The Colonial Bank of New Zealand BrOkbrs and Aoents". Auckland—Alexander Saunders Dunedin—J. B. Bradshaw Oamaru—Joseph Booth Christchurch--T. B. Craig Wellington—Lidbetter and Cooper Napier—M. R. Miller Hon. tECRMARY: F. v. 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 Branches of the Colonial Bank :— The object of this Company is the Voluntary Association 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 blocks 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. 1 It is intended that the cash capital raised shall be j employed in defraying expenses of management, 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 tbe beßt advantage. The Company is at presort 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 interests to the extended proprietary, retaining 1000 paid-up Capitalist and 1000 paid-up Original Shares in the Company. The Government having abandoned the purchase of Native lands, the Native owners in the Poverty Bay and East Coast districts beinp 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 makintr provision for their own requirements, entere 1 into contracts for pass'ng over large areas of yalu.ible 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 great advantage, as under its control, and with its guarantee, title will be absolutely 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 deferred payments, and generally in accordance with the regulations guiding the disposal of the waste lands of the Crown. The Capitalist Shares will be 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 shnres in payment. Ten thousand shares will be set apart for sale in Britain to intending bona tide settlers, and an officer of the Company will bo located in England, to send out Special Settlement Paities for the Company's lands- . To prevent the improper diversion of the Natives interest, original shares given in the purchase of lands will not be transferable without the consent of a Native Committee, and the approval of the Directors On these principles it is believed that the formation of the East Coast Native Laud and Settlement Company will provide for the natives the readiest and most beneficial method of placing tbeir Lands for sale 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 the 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 the Solicitors and Brokers of the Company, and detailed prospectuses and forms of application for shares maybe had from the Brokers and at the various offices of the Colonial Bank of New Zealand. , , , The 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 «_imited). can be obtained at the office of v M. R. MILLER, Stock and Station Agent. _T O T I C E . MY Establishment will be CLOSED on and after July 4th, at 6 o'clock every evening, except Saturdays, until further notice. Customers will please notice also that we still sell CHEAPER thay any one else in the colony, because we are the only bona fide cash buyers. H. H. WALL, .Watchmaker.