Page 1 Advertisements Column 4

Daily Telegraph (Napier), Issue 3147, 29 July 1881, Page 1

Prospectus. " PROSPECTU S OP THE i mHEATRE Tl OVAL /COMPANY, (Limited), Napier. Toboincoiporated under the "Joint Stock Corns panics Act, 1860." i Capital *3500 r In 3500 Shares of £1 each; with power to increase. Of these 2500 are now offered to the Public s upon which it is intended to make calls as follows:— . „ ; 5s Per Share Deposit payable on Application 53 „ „ on Allotment 5s „ „ 3 months after Allotment 5s „ „ 6 months after Allotment I The present Proprietors, Messrs Swan and Ashton, have reserved the right of taking up 1000 fully paid-up i Shares. Provisional Directors— Capt. Russell, M.H.R., Napier F, Sutton, Esq , M.H.R., Napier J. H. Vautier, Esq. (Mayor), Napier G. H. Swan, Esq.. Napier Malcolm Irving, Esq , Christchurch J. R. Davis, Esq., Napier R. Barrows. Esq., Napier Edward Ashton, Esq., Napier Bankers— The Union Bank of Australia Solicitors— Messrs Cornford and Dewes Secretary pro tern— Mr Chas. G. Smyth The Company is projected for the purpose of acquiring the well-known Theatre Royal, Napier, now and for the last three years successfully carried on by Messrs Swan and Ashton, who agree to sell to the Provisional Directors all the buildings and leasehold land, and it has been arranged that the new Company shall take over all the fixtures, &c, as part of the building. Messrs Swan and. Ashton reserve to themselves the right to take up shares to the Value of £1000. The Theatre is in excellent order, having lately been thoroughly repainted and redecorated, and it is acknowledged by all Theatrical Companies to be one of the best appointed Theatres in New Zealand. The income will bo derived by the letting of the Theatre, which is readily taken by Theatrical Companies, at the rate of £20 per week. Tho ordinary nightly rentals are from £4 10s to £6 10s. and being always paid in advance, is a protection against any loss by bad debts. The advantages of the public will be having the option of reletting to the various local bodies such as the Theatrical Clubs, Public Meetings, Volunteers, Gymnasium, &c, and for Balls and Skating Rink; The expenses are very small, as the Store adjoining the Theatre (part of the building) is let to Mr Prebble for £30 per annum, on the agreement that he acts as custodiin, thereby saving any expense in keeping the Theatre clean. The present Proprietors have an unexpired lease of 82 years at a ground rent of £100 per annum and the insurance premiums are the only expenses beyond fair wear and tear. They are also guaranteeing the Shareholders 10 per cent, for the first 12 months, and in addition undertake to carry on the management of the business for that time free of charge. Applications will be considered in the order in which they are received. The Share List will close on the 31st August. Applications for shares must be made to Messrs Cross and Smyth, Browning-street, Napier. A BRIDGED "pROSPECTUS OF THE EAST COAST NATIVE LAND A*'D SETTLEMENT COMPANY, (Limited.) Capital£soo,ooo, 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 5s each, nor to be made at intervals of less than three months. Provisional Directors : Hon. W. H, Reynolds, M.L.C., Dunedin John BarTaclowh, Esq, Oamaru Horace Bastings, Esq, M.H.R., Dunedin J. Buchanan, Esq, J.P,, Napier W. Buchanan. Esq, Auckland Joseph Bennett, Esq, 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 Henare Potae, Native Chief, Tokomaru Bay J. B. Poynter, Esq, J.P., Gisborne C. A. Pritchard, Esq, Christchurch D. Proudfoot. Esq, Dunedin G. M. Reed, Esq, Gisborne R. C. Reid, Esq, M.H.R., Hokitika 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 Managing Direbtors : JESX'fi.** 1 Auckland J. 8. M. Thompson, Esq,, Wellington Pere Uopata, East Coast Solicitors : Wellington-Messrs Sievwright and Stout Gisborne—W. L. Rees Bankers : The Colonial Bank of New Zealand Brokers and AgentsAuckland—Alexander Saunders Dunedin—J. B. Bradshaw Oamaru—Joseph Booth Christchurch--T. B. Craig Wellington—Lidbetter and Cooper Napier- M. R. Miller Hon. Secretary : F. j. 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. It is intended that the cash capital raised shall be 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 the best advantage. Tho Company is at present 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 being strongly desirous of opening their lands for settlement, in a manner mutually beneficial to themselves and such European? 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 pasa'ng over largo areas of yaluable land to the Company, at prices based on those of former Government pur- ' chases, 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 bo aDßolutely good, while all lands purchased will be I at once placed uuder the " Land Transfer Act," and will bo sold from time to time for cash, or on long deferred payments, and generally in accordance with the legulations guiding tho disposal of the 1 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 tho Capitalist Shareholders, and four by the Original Shareholders, the qualification of a Director heing the possession of not less than fifty shares. I. 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, uuder 3 regulation, to select reserves for their own occupation , surrendering their shares in payment. f Ten thousand shares will be sot apart for sale In Britain to intonding bonaJMe settlers, and anoflloor o! tho Company wfllbolooatodinEnglandi to send