Page 4 Advertisements Column 2

Daily Telegraph (Napier), Issue 3766, 10 August 1883, Page 4

Pro§l»ecMi§es*. NEW ZEALAND LAND MORTGAGE COMPANY (Limited). To be incorporated under tlio English Joint Stock Companies Acts. Capital £2,000,000 In 200,000 Shares of £10 each. First issue 50,000 shares of £10 ouch, £500,000. Head Colonial Office .. .. Auckland. Deposit on application, 0s per share; payable on allotment:, os 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 Campbell, Esq., Director of the Bank of New Zealand; James M'Cosh Clark, Esq., Director of the N.Z. Insurance Company, Auckland ; David Limond Murdoch, Esq., General Manager Bank 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; the Hon. Fred. Whitaker, M.L.C., Premier of the Colony of New Zealand ; Joseph Listen '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. OI'FICES — 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 Bricain, 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, in the name of the lender or of the Company, and cither 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 (ju 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, 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 which has followed their opera- —; lions If J- !!» si I« Name of Company. -I - 1 5 £ ■ c £ '3 'c S Sα 3.£ I a o ! & 4 P ! < Australian Mortgage, L.iiid, and Finance Company .. ..25 5 L7J-18 20 p.c. 300,000 New Zealand Truit I I and Loan Company 25 5 | 18-10 20 p.c: 110,000 New Zealand Loan | j and Mercantile I ' Agency Company.. 25 2J j SJ-Ci 15 p.c 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 Now 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 secured an efficient agency at the minimum of cost. Those who are most intimately acquainted with the colony know that, though there arc 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. The Directors feel 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 Avill be an English and Colonial Register, and the shares will bo transferable from one register to another. There will be a London Board of Directors, and several influential New Zealand colonists have agreed to act as Homo Directors. It is also intended to place a large number of the shares in Great Britain. The capital of the Company has been iixed at £2,000,000. Shares will bo 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 are willing to take shares in the proposed Company. The first issue of shares will be limited to 00,000, aud will be made in London. Of this issue as many as possible will bo 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 be made, the deposit will be returned in full. More than one-half the proposed colonial allotment is already subscribed for. Application to bo 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 MONDAY, August Kith. Auckland, 23rd July, 1883. IMiEcntioiiiil. WANTED— For the Taradale School, an assistant Mistress, must lie competent to teach Sewing; Salary according to the Board's scale. Applications with testimonials to be sent to tbe Chairman of the Taradale School Committ.ee on or before SATURDAY, August IS, 1883. NAPIER GIRLS' HIGH SCHOOL. nPIIE Governors require the services of a _L Lady Principal or of a Head master (married). Salary at the rate of £300 a-year, with dwelling and boarders' fees. Tlie person chosen will be required tc touch English, Latin, French, and Mathematics, and to take charge of the boarding establishment. Also—A Second Mistress, qualified to take the elementary work in the same brandies. Salary, £120 with board. Applications for the appointment will be received by the undersigned on or before the 30th of September, 1883. The School will open on the 28th January, 1881. Applicants should state full particulars as to age, qualifications, and experience, find should furnish testimonials and references. DAVID SIDEY, Hon. Sec. to Governors. To JLct. TO LET—A House on the Flat, containing seven rooms, Bath-room, and Greeu-house, hot and cold water laid on with every convenience, Stable and largo Yard. For particulars, apply to — OI'TIOK OF THIS PaI'ER. HOTEL TO LET. Greenmcadows Hotel, Taradale, is X open for Lease. For terms, &c, apply to— ARTHUR M'CAIITNEY. rpO LET —The Store opposite the Spit X Post-office, lately held on lease by Messrs Banner and Liddlc, Port Ahuriri. For particulars apply to— E. W. KNOWLES.