Page 3 Advertisements Column 6

Evening Star, Issue 3768, 22 March 1875, Page 3

pbospeotus. PBOSPBCTUS OF TBS /COLONIAL BUILDING AND INVESTMENT V COMPANY (Limited). To bo Begistered under “ The Joint Stock Companies’ Act." Cafital ... ... ... ... £IOO,OOO Pint Issue, 6,000 Shares of £lO each. One shilling to be paid on application, and Are shillings pet share per month, until £5 per share is paid up; afterwards, the Directors to have power to call a further sum if required, but such farther earns not to be called up without giving at least three months notice, and to be payable in amounts of fire ohdlmga per share per month; shareholders to have the right t d make prepayments, and to receiTe interest at the rate of six per cent, for snek sums as may be paid in advance. Provisional Directors. W. J. M. Larnooh. Esq. T. Niven, Esq. D. Proudfoot, Esq. " ~ H 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. Herman, Esq., J.P, A. Beck, Esq. With power to add to their number. D. Boss, Esq. T. 8. Sibbald, Esq. T. Carroll, Esq. W.'W. Esq. C. B. Shanks, Esq. G. Fenwick, Esq. Alex. Gunn, Esq. F. Lambert, E6q., N.E.V W. Farley, Esq. Bankers. Tbb Colonial Bank of New Zealand. Solicitors. Messrs Bathgate and Buchanan, Temple Chambers. . Th° advantages of Building Societies ate so well known that any comment upon them is unnecessary • but many borrowers from these societies have found to their cost that these advantages aro 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 make 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 ether causes) that it is doHimbte to pay off the sum he has borrowed, when perhaps I hj third of th 6 term for which he ban 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, aud that he is allowed only a comparatively nmn.ii re. bate. It is therefore proposed to form a company which shall combine all the advantages of a Buildina Society, without their drawbacks. 0 But, besides the mere lending of money, the promoters believe that a benefit may be conferred on a large section of the community, and at the time a fair profit maybe obtained for the shareholders, by Hie purchase of sections in suitable localities, and the erection thereon of houses and cottages. Land, in Dunedin and the neighborhood invariably brings very much higher prices when out into small allotments, and where a number of uniform cottages ore built they can he erected at a cheaper rate than an individual house on the same plan. By adopting this coarse a highly remunerative business may he done by the company. For example, suppose a piece of ground was acquired and several houses were erected thereon. Phe ground being subdivided would not foil to command a higher relative price, and there would undoubtedly be a saving in the cost of the erection of the houses. Each house, with its separate plot of ground, might be sold, at a low estimate, at an advance of 125 per cent, on 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 invested, but also oh 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 otherWII6I THE OBJECTS OP THE COMPANY, 1. To make advances by way of mortgage on real estate or leasehold, on such terms as maybe agreed on, the borrower to have power, when desirous, to repay such advances by instalments, im-lnfling both principal and interest. 2. To enable persons to make investments by payteg per month, which would entitle them to receive LSO, or multiples thereof, at the \ nf years. The blanks to he filled ’•? > n nr. the time the first monthly pay-■u-ni. in iMiii.i, according lo tables prepared for the S. TV) ijur.’hi. le, lease, hold, and re-sell (either for or deferred payments! real estate. 4. To erect houses on the lands so bought, and sell the some for cash on deferred payments. 5. To receive money on deposit, and pay interest thereon fort uch term and such rates as maybe fixed from time to time. 6. To make advances on other approved securities (such as Corporation or Boad Board Bates). 7. To afford facilities for the improvement of land. 8. To do all such other things as axe conducive or incidental to the attainment oC the above objects, or any of them. Applications for shares may he made to the undersigned. LOUIS BASCH, Interim Secretary, Temple Chambers, Princes street, Dunedin. POEM OP APPLICATION. To the Directors of the “ Colonial Building and Investment Company*' (Limited. Gentlemen,— In accordance with the terms of your Pros- j pectus, 1 hereby apply for Shares in the “ Colonial Btmding and Investment Company," and having paid to your Secretary, Mr , at , the sum of , being a deposit of one shilling per share on shares, I request you to allot me that number, and I hereby agree to accept the some 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 . SEWING MACHINESAMERICAN SEWING MACHINES. THE “HOME,” SHUTTLE LOOKSTITCH, The Perfection of Mechanism. Simple, compact, efficient, durable, and complete. IT sews with the least possible amount of labor, and a girl of twelve years old can run it without fatigue, With this machine is furnished—Hemmer, braider, shuttle, bobbins, oil-can, oil, screwdriver, five needles, gauge, table-clamp, and directions for use; all securely packed in strong case, with hinges. THIS UNEQUALLED MACHINE uses a straight needle, makes the “ lock-stitch” (alike on both sides), has a self-adjusting tension, and is adapted to every variety of sewing for family wear, from the lightest muslins to the heaviest cloths, and WILL EVEN BEW LEATHER. It will hem, fell, bind, cord, braid, seam, tuck, ruffle, hemstitch, and gather. This machine will sew on aud gather at the same time, and will work equally well on silk, linen, woollen, and cotton goods, with silk, linen, or cotton thread. Prices : To run by hand... Do. with table and treddle Half-cabinet do. £ s. d. 4 10 0 6 15 0 8 0 0 The above machines can be purchase by weekly payments. Agent for Otago; S. JACOBS, Fancy Goods Importer, Princes street, Dunedin. s. D E BEER AND CO. Earthen and Importers of China, Glass, Lamp Ware, Have now landed the following shipments: 54 cases American Chairs Ex Sunlight, 19 „ Sewing Machines ' from 31 packages Lampware New Tork. 93 „ Glass and China Ware, ex Janet Cowan, from Ixmdon 68 „ Earthenware, ex Florence, from London. Inspection invited -at their temporary store, STAFFORD STREET.