Page 1 Advertisements Column 4

Daily Telegraph (Napier), Issue 3148, 30 July 1881, Page 1

Prospectus- " PROSPECTUS op the THEATRE T> OVAL jTIOMPANY, (Limited), Napier. To be incoj porated under the "Joint Stock Companies Act, 1860." Capii'at, *3500 In 3500 Shares of £1 ench ; with power to incrense. Of these 2500 are now offered to the Public upon which it is intended to make calls as follows:— 5s Per Ehare Deposit payable on Application 53 „ „ on Allotment 5s „ „ 3 months after Allotment 53 „ ~ 6 months after Alloto'Lr.t The present Proprietors, Messrs $*?*~d Aehton, have reserved the right of taking up 1000 fully paid-up Shares. Provisional Dirbctobb— Capt. Russell, M.H.R., Napier F. Sutton, Eeq , 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. Efq., Napier Edward Ashton, Esq., Napier Bankers— The Union Bank of Australia Solicitors— Messrs Cornford and Dewes Secretary pro tern— Mr Chas. G. Smyth The Corapany 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 nnd 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 builc'ing. Mea«rs Swan and Ashton reserve to themselves the right to take up shares to the value of £1000. They also guarantee the Shareholders 10 per cent, for the first 12 months, and in addition undertake to oarry on the management of the business for that period free of charge. The present Proprietors have an unexpired lease of 32 years at a ground rent of £100 per annum and the insurance premiums are the only expenses beyond fair wear and tear. The Theatre ia 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 be derived by the letting of the Theatre, which is readily taken by Theatrical Companies, at the rate ot £20 per week. The ordinary nightly rentals are from £4 10s to £610s. end being always paid in advance, is a protection against any loss by bad debta. 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, 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 custodian, thereby saving any expense In keeping the Theatre clean. 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 CroBS and Smyth, Browning-street, Napier. A BEIDGEDpEOSPECTUS A JT OP THE EAST COAST NATIVE LAND AtfD 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 called " Capitalist Shares." •■ First issue of Capitalist Shares 20.000, payable as follows :—ss on application, 59 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 Bari-raclous-h, 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., Gisborce D. H Mackenzie, Esq, Auckland F. J, Moss, Esq. M.H.R., Auckland Wiremu Pere, Native Chief, Gisborne Hcnare 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 : J. M. Dargaville, Esq. ) Allek i an( i J. F. Clarke, Esq. j AucMand J. B. Poj nter, Esq. \ Gisl3OrEo C. A, DeLautour | ulsDorao J. 8. M. Thompson, Esq , Wellington Pere ttopata, Bast Coast Solicitors : Wellington- Messrs Sievwrlght and Stout Gisborne— \V. L. Rees Bankbrs : The Colonial Bank of .New Zealand Brokers and Aornts , . Aiickland—Alexander Sauuclers Dunedin—J. B. Bradshaw Oamaru—Joseph Booth . Christchurcb.—T. B. Craig Wellington—Lidbetter and Cooper Napier- M. R. Miller Hon. Secretary : F. d. 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 Eaet 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 Compnny 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 aid township lots, opening means of access, conducting the sale and leasing of lands, promoting the formation of Special Settlement parties from England snd elsewhere, making advances to settlers on security, and generally in utilising the larda 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 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 tho Poverty Bay and Eaßt Coast districts being strongly desirous of opening their lauds for settlement, in a manner mutually beneficial to themselves and such Europeans aa 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 ngover large areas of valuable Jand 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 ita lands to great advantage as under itß control, and With its guarantee, title will be aoeolutely 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 xegulatioDß 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 tho 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 chares. The Capitalist Shareholders will, under regulations, be entitled to purchase lands of tho Company for their own bona fitU occupation, surrendering their shares in payment, which shall be accepted aa value for ten per cent over the amounts paid up. The Native Shareholders will also be entitled, uuder icgulatiou, 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 bom fide settlers, and an officer of the Company will be located in England, to send