Page 4 Advertisements Column 2

Daily Telegraph (Napier), Issue 3761, 4 August 1883, Page 4

Prospectuses. NEW ZEALAND LAND MORTGAGE 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, £.300,000. Head Colonial Office .. .. Auckland. Deposit on application, 5s per .share ; payable on allotment, 5s per .share ; further calls not exceeding £1 in the whole will hereafter, from time to time, be made as may be 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 Camphell, Esq., Director of the Bank of New Zealand; James M'C'osh Clark, Esq., Director of tho N.Z. Insurance Company, Auckland ; David Liniond Murdoch, Esq., General Manager Bunk New Zealand, Auckland : George Burgoyne 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; tho Hon. Fred. Whitaker, M.L.C., Premier of tho Colony of New Zealand : Joseph Lislon Wilson, Esq., Director of the N.Z. Insurance Company ; (with power to add to their number). Bankers — The Bank of New Zealand. Solicitous—■ Messrs Whitaker and Russell. Secretary, pro. te»i. —■ James Buttle, .Esq. Offices — N.Z. Insurance Company, Queen street, Auckland. The institution is to be formed for the purpose of transacting tbe business of a Loan and Investment Company It is proposed to raise money in Great Bricain, by the issue of debentures at English rates of interest, to be lent upon approved estates within the colony of New Zealand; the difference in the rates of interest constituting the main source of proiit 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 the Company, whether on debentures or otherwise, will be limited to the amount of the uncalled capital. The investment of the debenture money on trood securities will afford a guarantee ofsafoiy alike to the debenture-holder and shareholder in the Company. Sound institutions of a similar character have no dii'iculfy 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 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 the undertaking and extends it to his guarantee. The following table shows the names of similar undertakings, and indicates the success Avhich has followed their operalions : — l= ;„ : 2 -3 i I 5 •' ! -5 x ■ 33 ° . 5S' 7«' ' !S St3|; "O » Kami! of Company. ~j! ? S ■£-= -* §~' eg Australian AI or tg;' >,'•:. | , Laid find Finuncc ! ■ Company .. ..|25 5 17J-lfc 20 p.c. MO.COO Kuvv Zealand Tnulj ' i and Loan Company; 25 j 5 ! 18-10 20 p c .110,000 New Zealand Loan! j ! and Mercantile Aucncy Company.. 25 2J ; 5.}-6ijls p.c'210.003 An important feature in connection with this undertaking, mid 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 nsc 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 seev.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 large amount of capital is still urgently needed to develop the enormous resources of the colony. Tho Directors fe,cl the greatest confidence that there is an ample field for success of the 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 bo an English and Colonial Register, and the shares will be transferable from ono register to another. There will be a London Board of Directors, and several influential New Zealand colonists have agreed to 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 oi' those who are willing to take shares in tho proposed Company. The first issue of shares will be limited to" .30,000, and will be made in London. Of this issue as many as possible will be subscribed I'm , there, on behalf of those who respond to I bis application, but tho Directors do not bind themselves to any allotment, and reserve the right to refuse an allotment; if no allotment be. made, the deposit will bo 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 tlie New Zealand insurance Company, or Bank of New Zealand in New Zealand (where forms win be had,, on or before 7th August next. Auckland, 2:! rd July, 1883. Money. &jO\n)\J CLASS FREEHOLD PROPERTY. W. R. RUSSELL, Flux mi. , re. MONEY TO LEND, IN any sums on approved security. F. ALOAR, West Olive. OEVURAL sums of Trust M-meys TO IO LEND in sums to suit borrowers on approved security. LEE & SILK ATM, Solicitors, Tennyson-street. MONEY TO LEND. IN Sums of £25 to £1000 on Town and Country Property. Apply to R, G. GRAHAM. THE NORTHERN INVESTMENT COMPANY OF NEW ZEALAND. (LIMITED). Capital '.. .. £.300,000 offices: liincnsox street, napikr. ripHE Colonial Board is prepared to make JL advances on— Freehold Securities. Leasehold Securities. Stock and Station Mortgages. Growing Clips of Wool. Wool consignments, etc. At moderate rates of interest For proposal Forms, apply to PAT. STIRLING M'LEAN, Manager. NAPIER SAVINGS BANK, Buowxixc.-stFvEet. OPEN ON TUESDAY EVENINGS From 0 to S o'clock'. Deposits received from Is to £100. 5 per cent, interest allowed on all deposits not excelling £100. EDWARD LYNDON, Miiiiager.