Page 3 Advertisements Column 2

Evening Star, Issue 3767, 20 March 1875, Page 3

Late Advertisements. PEOSPECTUS OF THE c OLONIAL BUILDING AND INVESTMENT COMPANY (Limited). To be Begistered under “ The Joint Stock Companies’ Act." Capital ... ... £IOO,OOO First Issue, 5,000 Shares of £lO each. One shilling to be paid on application, and five shillings per share per month, until £5 per share is paid up : afterwords, the Directors to have power to call a further sum if required, but such further sums not to be called up without giving at least three months' notice, and to bo payable in amounts of five shillings per share per month; shareholders to have the right to make prepayments, and to receive interest at tho rate of six per cent, for such sums as may be paid in advance. W. J. M. Lamach, Esq. D. Proudfoot, Esq. T. M. Eitchie, Esq. T. Birch, Esq. W. Conyers, Esq. C. Ziel i, Esq. C. C. Kettle, Esq. Dr Geo. W, Cole F. Lambert, Esq. C. Flexman, Esq., J.P, A. Beck, Esq. With pewer to at Directors. T. Niven, Esq. D. Boss, Esq. T. S. Sibbald, Esq. T.-Carroll, Esq. W.' W. Woodlands, Esq. C. B. Shanks, Esq. G. Fenwick, Esq. Alex. Gunn, Esq. F. Lambert, Esq., N.E.V. W. Farley, Esq. L to their number. Bankers. The Colokial Bank of New Zealand. Solicitors. Messrs Bathgate and Buchanan, Temple Chambers, The advantages of Building Societies ore so well known that any comment upon them is unnecessary; but many borrowers from these societies have found to their cost that these advantages are attended with some objectionable features. Amongst these may be noticed—1. The almost total inflexibility of the rules of a society when once established, and the consequent inability to moke alterations that may be required by variations in the rate of interest. 2. The expense attending the paying off of a sum borrowed before the term for which it has been borrowed has expired. It frequently happens that a borrower from a Building Society finds (either from selling his property or from other causes) that it is desirable to pay oft the sum he has borrowed, when perhaps only a third of thd term for which he has borrowed the money has expired. In such circumstances the unfortunate borrower is disappointed to find that he has to pay interest to the end of the term, and that he is allowed only a comparatively small rebate. It is therefore proposed to form a company which shall combine all the advantages of a Building i Society, without their drawbacks. But, besides the mere lending of money, the promoters believe that a benefit may be conferred on a I large section of the community, and at the same time a fair profit may be obtained for the shareholders, by the purchase of sections in suitable localities, and the erection thereon of houses and I cottages. Land in Dunedin and the neighborhood invariably brings very much higher prices when cut into small allotments, and where a number of uniform cottages are built they can be erected at a cheaper rate than an individual house on the same plan. By adopting this course a highly remunerative business may be done by the company. For example, suppose a piece of ground was acquired and several houses were erected thereon. The ground being subdivided would not fail to command a higher relative price, and there would undoubtedly be a saving in the cost of the erection of tho houses. Each house, with its separate plot of ground, might be sold, at a low estimate, at an advance of L 25 per cent, ou the actual cost. And if the houses were sold for deferred payments, interest would at once accrue to the company, not merely on the actual capital nvested, but also on the amount of the profit, less, of course, the amount of deposit paid by the purchaser, which, however, would be in the hands of the company, and available for use otherwise. THE OBJECTS OF THE COMPANY. 1. To make advances by way of mortgage on real estate or leasehold, on such terms as may be agreed on, the borrower to have power, when desirous, to repay such advances by instalments, including both principal and interest. 2. To enable persons to make investments by payper month, which would entitle them to receive LSO, or multiples thereof, at the e ud of years. The blanks to be filled up in each case at the time the first monthly pay- 1 mont is made, according to tables prepared for the purpose. 3. To purchase, lease, hold, and re-sell (either for cosh or deferred payments) real estate. 4. To erect houses on tho lands so bought, and sell i the same for cash on deferred payments. 5. To receive money on deposit, and pay interest thereon for inch term and such rates as may be fixed from time to time. 6. To make advances on other approved securities (such as. Corporation or Eoad Board Bates). 7. To afford facilities for tho improvement of land. 8. To do all such other things as are conducive or incidental to the attainment ot the above objects, or any of them. Applications for shares maybe made*to thoundersigned. LOUIS BASCH, Interim- Secretary, Temple Chambers, Princes streetj Dunedin. POEM OF APPLICATION. To the Directors of the “ Colonial Building and Investment Company" (Limited, Gentlemen, — In accordance with the terms of your Prospectus, I hereby apply for Shares in the “ Colonial Building and Investment Company," and having paid to your Secretary, Mr , at , the sum of .being a deposit of one shilling per shore on shares, I request you to al’ot me that number, and I hereby agree to accept the same or any smaller number that may be allotted to me, subject to the conditions contained in the said Prospectus, and to pay the instalments thereon in accordance with the said Prospectus, lam, Gentlemen, Signature Name (in full) Address \\ Description, or occupation Date... 187 . CHUEGH OF ENGLAND SPECIAL SEEYICES IN HOLY WEEK.

MONDAY, March. 22, St. Paul’s, Dunedin, 7.30 p.m. Preacher— Eev. C. T. Martin. Tuesday, March 23, All Saints’, Dunedin. 7.30 p.m Eev, W. N. Leeson. Wednesday, March 24, St. Matthews’, Dunedin, 7.30 p.m. Archdeacon Edwards. Thursday, March 25, St, Paul’s, Dunedin, 7.30 p.m. Eev. T, L. Stanley. Good Friday, March 26, St. Paul’s, Dunedin, lla.m Eev. E. G. Penny. Good Friday, March 26, St. Paul’s, Dunedin, 7,30 p.m. Bishop of Dunedin. Good Friday, March 26, All Saint’s, Dunedin, II a.m. Bishop of Dunedin. Good Friday, March 26, St, Matthew’s, Dunedin. 11 a.m. Eev. E. L. Stanford. Good Friday, March 26, St. Peter’s, Caversham. 11 a.m. Eev. C. T. Martin. Good Friday, March 26, Holy Trinity, Port Chal. mere, 11 a.m. Archdeacon Edwards. FOE INVEECAEGILL WHARF AND EIVEETON. rnHE P.S. COMEEANG, 179 X tons, will Sail as above from Eattray street Jetty, on TUESDAY, 23rd ioat. . , , ,„„ Cargo for Invercargill delivered into store at 22s per ton. Goods for Queenstown and inland districts forwarded at Consignees’ risk. Superior accommodation for passengers. Carries a stewardess. GEO. S. BEODRICK, Agent. NOTICE TO THE PUBLIC. 'JpHAT the CABS will Start as usual to the Racecourse from THE EMPIRE HOTEL. TS E wiri Q l i°9^ S \ n ttussia and Morocco, brass d 4 plaiu,be3t made ' at Wise’s, Princei SHOULD this meet the eye of H, C. C, C„ su> posed to have left Wellington in steamahir Rboebe in September, he will hear of something to hit advantage by sending his address to " J, G. ” caw of Mrs Jackson, Yiew street, Dunedin. BURNISHED Bedroom to Let, with use ol Btreot kltChCn ' APPIj ba ° k Tat « J ’ 8 ' dmpor. George WANTED, a Boy accustomed to Horses. A ply to Mr E. Prosser, comer of Hi<>h at re and W.lHam street. ° BUt WANTED Known, Russell’s Expresses can be hired dunng the holidays at £1 per day mrnout driver, 15s. *