Page 4 Advertisements Column 1

Daily Telegraph (Napier), Issue 3760, 3 August 1883, Page 4

Prospectuses. ATEAV ZEALAND LAND MORTGAGE J_N COMPANY (Limited). To be incorporated under the English Joint Stock Companies Acts. Capital £2,000,000 In 200,000 Shares of £10 each. First issue 50,000 shares of £10 each, '£500,000. Head Colonial Office .. .. Auckland. Deposit on application, 5s per shave; payable on allotment, 5s per share ; further calls not exceeding £1 in the whole will hereafter, from time to time, be made as may bo required, but it is not proposed to call up more than £1 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 Campbell, Esq., Director of tho Bank of New Zealand; James M'Cosh Clark, Esq., Director of the N.Z. Insurance Company, Auckland ; David Limund Murdoch, Esq., General Manager Bank New Zealand, Auckland ; George Burgoyno 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 AVilliamson, M.L.C, President of the Bank of New Zealand; the Hon. Fred. AVhitaker, M.L.C, Premier of the Colony of New Zealand ; Joseph Listen AVilson, Esq., Director of the N.Z. Insurance Company ; (with power to add to their number). Bankers— The Bank of Now Zealand. Solicitors — Messrs AVhitaker and Russell. Secretary, pro. tern. —■ James Buttle, Esq. Offices—■ N.Z. Insurance Company, Queen street, Auckland. The institution is to be formed for the purpose of transacting the business of a Loan and 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 tho colony of New 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, in the name of the lender or of the Company, and either with or without the Company's guarantee. The borrowing powers of tho Company, whether on debentures or otherwise, will be limited to the amount of the uncalled capital. The investment of tho debenture money on good securities will afford a guarantee of safety alike to the debenture-holder aud shareholder in the Company. Sound institutions of a similar character have no difficulty in placing their debentures at low rates of interest, aud it is believed that this Company will readily secure tho whole amount of money needed for successfully carrying 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 tho undertaking and extends it to his guarantee. The following table shows the names of similar undertakings, and indicates the success which has followed their operalions:— ; ! , ; 2 -3 '■ h -. I --j —_, /-a i X z. i- \ — i -t 7 1 -•■».'». *? fI _ «' &* „ ° «» Name of Company. J£i»£ !« i: —' SSi cj -| j 0« ; Australian M<>rtgn-,'c\ j Liii-d, find l-'iiiiince \ ' Company .. ..25 5 I7__lt -20 p.c, 300.C00 Kow Zifinliiiid Tnvt i and Loan OmpaiiA 25 5 13-1!) 20 p.c ,110,000 Nuvv Zealand Laai.j '■ '• a'jd Alercantilc! i I AKCiicy U'lnpiny.. 25 2J j r>._ CJ 15 p.c 210,000 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. Tho Directors attach great importance to this arrangement, believing that through it they have sect.ral an efficient agency at the minimum of cost. Those who arc 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 large uniount of capital is still urgently needed to develop the enormous resources of the colony. The Directors feel the greatest confidence that there is an ample field for success of tho Company. The Company will be registered in England, and the necessary steps will be taken forthwith to issue the shares in London and secure a quotation on the Stock Exchange, after which the colonial applicants will have their shares placed on the colonial register. There will be an English and Colonial Register, and tho shares will bo transferable from one register te another. There will be a London Board of Directors, and several influential New Zealand colonists have agreed te act as Home Directors. It is also intended to place a large number of the shares in Great Britain. The capital of the Company has been fixed at £2,000,000. Shares will be issued from 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 arc willing to take shares in the proposed Company. The first issue of shares will be limited to 50,000, 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 tho right to refuse an allotment; if no allotment be 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 Now Zealand Insurance Company, or Bunk of New Zealand in Now Zealand (where forms can bo had), on or before 7th August next. Auckland, 23rd July, 1883. CHEAP FOAVL FOOD—Wheat, Barley, and Maize, at E. AY. KNOAVLES.