Page 1 Advertisements Column 4

Daily Telegraph (Napier), Issue 3152, 4 August 1881, Page 1

if PROSPECTUS Ol? TEtE rpHEATRE "p OVAL iMOMPANY, (Limited), Napiee. Tobelncoiporated under the "Joint Stock Companies Act, 1860." .... Capital ... .... •• «3500 In 3500 Shares of £1 each; with power to increase. • Of these 2500 are now offered to the Public upon which it is intended to mako calls as follows:— ~ 5s Per Sharo Deposit payable on Application 6s „ „ on Allotment 6s „ „ 3 months after Allotment 5s „ „ 6 months after Allotment The present Proprietors. Messrs Swan and Ashton, have reserved the right of taking up 1000 fully paid-up Shares. Provisional Dirbciors— ' CaDt. Russell. M.H.R., Napier F. Sutton, Esq , M.H.R., Napier J. H. Vautier, Esq. (Mayor), Napior G. H. Swan, Esq.. Napier Malcolm Irving, Esq , Christchurch J; R. Davis, Esq., Napier R. Barrows. EEq., Napier Edward Ashton, Esq., Napier Bankers— The Union Bank of Australia SoLimroM— Messrs Cornford and Dewes Secretary pro tbm— Mr Chas. G. Smyth The Company is projected for the purpO-8 of Requiring the well-known Theatre Royal, Napior, now and for the last three yoars 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. They also guarantee the Shareholders 10 per cent, for the first 12 months, and in addition undertake to carry 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 is in excellont 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 por week. The ordinary nightly rentals are from £4 10s to £6 10s. and being always paid in advance, is a protection against any loss by bad dobts. The advantages of the publio will be having the option of reletting to the various local bodies such as the Theatriaal Clubs, Public Meetings, Volunteers, Gymnasium, &c, and for Balls and Skating Rink, . The expenses aro 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 »cts as custodim, thereby saving any expense in keeping the Theatre clean. Applications will be considered in the order in which tbey are received. The Share List will close on the 31st August. Applications for shares must be made to Messrs Cross and Smyth, Browning-Btreet, Napier. A BRIDGED -pROSPECTUS I OP THE EAST COAST NATIVE LAND AtfD SETTLEMENT COMPANY, (Limited.) Capital £500,000, in 100,000 shares of £5 each; i whereof £70,000 will be allotted to the I Aboriginal Native oontributors 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. Prdyistonaii Directors : Hon. W. H, Reynolds, M.L.C., Dunedin John Barrraoloua-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., Giaborce 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- Pritcliard, 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 Kopata, Native Chief, Tokomoru 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 1 Managing Direbtorb : J. M. Dargaville, Esq. 1 Auckland J. F. Clarke, Esq. j AucMan,i J'?'n P T^ q ' 1 Osborne C. A, DeLautour ) J. 6. M. Thompson, Esq., Wellington Pere Ropata, East Coast Solicitors : Wellington— Messrs Sievwrlght and Stout Gisborne—W. L. Rees Bankers : The Colonial Bank of New Zealand Brokers and Agents Auckland—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 tbe ca3h capital raissd shall be employed in defraying expenses of management, completing titles, effecting surveys and subdivision into farm ai:d- 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 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. Tho Government having abandoned the purchase of Native lands, the Fative owners in the Poverty Bay and East Coast districts beinfe strongly desirous of opening their lands for settlement, in a manner mutually benoflcial 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 tho 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 aDaolutely good, while all lands purchased will be at once placed uuder the " Land Transfer Act," and will be cold 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 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 tho Capitalist Shareholders, and four by tho 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 tboir 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 shareß in payment. Ten thousand shares will be set apart for sale in Britain to intending bona fide settlers, and an officer of tho Company will be located in England, to send