Page 4 Advertisements Column 1

Daily Telegraph (Napier), Issue 3759, 2 August 1883, Page 4

TVTEW ZEALAND LAND MORTGAGE ±\ COMPANY (Limited). To be incorporated under the English Joint Stock Companies Acts. Capita r £2,000,000 Li 200,000 Shares of .€lO each. First issue 00,000 shares of £10 each, ,£.';00,000. Hoacl Colonial Office .. .. Auckland. Deposit on application, 5s per share; payable on allotment, 5s per share : furtlK'l' calls not exceeding' £1 in the whole will hereafter, from time to time, be made as may 1)C required, but it is not proposed to call up move than Xl per .share in all. Colonial Directors — Samuel Browning, Esq., Deputy Chairman of the N.Z. Insurance Company ; Thomas Buddie, Esq., Director of the N.Z. Insurance Company ; John Logan Camphell, Esq., Director of the Bunk of New Zealand; James M'Cosh Clark, Esq., Director of the N.Z. Insurance Company, Auckland ; David Liinond Murdoch, Esq., General Manager Bank New Zealand, Auckland ; George Burgoync Owen, Esq,, Director of the Bank of New Zealand ; Thomas Russell, Esq., C.M.G., Director of N.Z. Loan and Mercantile Agency Company (limited), London; the Hon. James Williamson, M.L.C., President of the Bank of New Zealand; the Hon. Fred. Whitaker, M.L.C., Premier of the Colony of New Zealand ; Joseph Liston Wilson, Esq., Director of the N.Z. Insurance Company ; (with power to add to their number). Bankers— The Bank of New Zealand. Solicitors— Messrs Whitaker and Russell. Secretary, pro. tern. — James Buttle, Esq. OITICES— N.Z. Insurance Company, Queen street, Auckland. The institution is to be formed for the purpose- of transacting the business of a Loan a.\d Investment Company It is proposed to raise money in Great Britain, by the issue of debentures at English rates of interest, to be lent upon approved estates within the colony of Now Zealand ; the difference in the" rates of interest constituting the main source of profit to the company. The Company will also, on commission, receive money for investment in New Zealand, hi the name of the lender or of the Company, and either with or without the Company's guarantee. The borrowing powers of the Company, whether on debentures or otlierwi.se, will be limited to the amount of the uncalled capital. The investment of the debenture money on good securities will a J Ford a guarantee of safety alike to the debenture-holder and shareholder in the Company.. • Sound institutions of a, similar character have no difficult}' in placing their debentures at low rates of interest, and it is believed that this Company will readily secure the whole amount of money needed for successfully eanying on its operations. All such companies, well managed, have been successful, affording the most complete security to those who lend on the Company's debentures, and to the shareholder who invests his money in the undertaking and extends it to his guarantee. The following table shows the names of similar undertakings, and indicates the success which lias followed their operations : — ?.■ i i 5, "S j w Name of Company. " S § i cj IjLjIIjLuL Australian AlnrtgiUfu. ! ' La; (1, nnd I'launco Company .. .-26 5 17£-Vc iOp.c. 300,C00 Now Zealand Trust i ! and I-o-.iii Company 25 5 | 18-19 20 p.c.;ll0,000 New Zealand Limn ! i in id iMercantiie i ■ AiiCiicj Company.. 25 2Jj j 5.J-CJ 15 p.e.1210,000 An important feature in connection with this undertaking, and which must ensure to it good management and economy in administration, is that the Directors have arranged with the New Zealand Insurance Company, on very favorable terms, for the use of their offices and agencies throughout the whole of the colony. The Directors attach great importance to this arrangement, believing that through it they have seei .red an efficient agency at the minimum of cost. Those who are most intimately acquainted with the colony know that, though there are several similar companies in full "work in New Zealand, yet the field is not half occupied, and that a very largo amount of capital is still urgently needed to develop thi! enormous resources of the colony. The Directors feel the greatest confidence that there is an ample tield for success of the Company. The Company will be registered in England, and the necessary steps will bo taken forthwith to issue'the shares in London and secure a quotation on the Stock Exchange, after which the colonial applicants will have fheir shares placed on the colonial register. There will be an English and Colonial Register, and the shares will be transferable from one register to another. There will bo a London Board of Directors, and several influential New Zealand colonists have a greed to act as Homo Directors. It is also intended to pi.ire a large number of the shares iv Great Britain. The capital of the Gompauv has been fixed at £2,000,000. Shp.res will he issued I'loiu time to time as the Company progresses and the capital is required. The object of this notification is to ascertain the names of those who are willing to take shares in the proposed Company. The first issue of shares will be limited to .10,000, and will be made in London. Of this issue as many as possible will be subscribed for there, on behalf of those who respond to this application, but the Directors do not bind themselves to any allotment, and reserve the right to refuse an allotment; if no allotment bo made, the deposit will be returned in full. More than one-half the proposed colonial allotment is already subscribed for. Application to be made at any of the offices of the New Zealand Insurance Company, or Bank of New Zealand in New Zealand (where forms can be had), on or before 7th August next. Auckland, 23rd July, 1883. County Council IVolices. Hawko's Bay County Council, Napier, July 25, 18S3. mENDERS will he received at this office X up to noon of SATURDAY, August I 4th, for reforming about 70 chains of road commencing at near Captain Russell's plantation gate and running towards Omaliu. Specifications can be seen at this office. G. T. FANNIN, Clerk, C.C., H.B.