Page 3 Advertisements Column 5

Evening Star, Issue 3770, 24 March 1875, Page 3

PROSPECTUS. PROSPECTUS qji ths nOBQNIAL BUILDING AND INVESTMENT COMPANY (Limited). T w * #arT T* b« Registered under “Th* Joint Stook Companies’ Act.” &AFITAI. ... ~. _ £IOO 000 Piißt Issn®, 5,000 Shires ®f £lO ®®ch. b * paili * u ippliefttioa, and fire P « Bto F »o»th, until £5 p®r »haro in teaaU l^ w"”* Directors te bar® power required, but such farther thrcß m°n»tn D without riving at least n ohoe, and te be payable in amounts * har ® P er ttonlh; shareholder® ma < k * P«P»ya«ta. and to receiT« interest at the rate of auc per eont. for imoh ***** as may he paid in advance, ■» T r Pl ’* Ti S <ml Direotors, D. Robb, Esq. T. S. Sibbald, Bcq. T. Carroll, Esq. W. W. Woodlands, Esq. C. B. Shanks, Esq. G. Fenwick, Esq. Alex. Gunn, Esq. F. Lambert, Esq., N.B.V W. Farley, Esq. D. Proudfoot, Esq. T. M. Ritchie, Esq. j T. Birch, Esq. W. Conyors, Esq. C. Ziele, Esq. C. C. Kettle, Esq. Dr Geo. W. Cole F. Lambert, Esq. C. Flexmau, Esq., J.P. A. Bock, Esq. With pewer to add to their number. Bankers. run «olonial Bank of Nbw Zkalanp. Solicitors. Messrs Bathgate and Buceanan, Temple Chambers. advantages of Building Societies are so well v 0117 c oo«uMit upon them is unnecessary ; these societies hare found J • t^s t these adTautoges ate attended 'nth some objectionable features. - Amongst these may be noticed—1. The almost total inflexibility of the rules of ft society when once established, and the consequent inability to make alterations tnat may be required by variations in the rate of interest. 2. The expense attending the paying off of ;t sum borrowed before the term for which it has been borrowed has expired. t> l - t ;.^ eq o eu^7 happens that‘a borrower from a Building Society finds (either from selling' his nror4.?om * th l er eansee) that it is desirable to pay off the sum he has borrowed, when perhaps only a third of th£ term for which he has borrowed the money has expired. In snob circumstances' the unfortunate borrower is disappointed to find that ho has to pay interest to the end of the term, a;,d bate 18 aUowed onlr * comparatively small re: It. is therefore proposed to form a company which shall combine nil the advantages of a Building Society, without their drawbacks. * But, besides the mere lending of money, the promoters behave that nbenefit maybe conferred on a large section of the community, and at the same time a fair profit maybe obtained for the shareholders, by the 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 cut into small allotments, and where a number of uniform oott ages are built they can be erected at a cheaper rate than an individual house on the same plan. , ”7 adopting* this course a highly remunerative easiness may be done by the company. For example, suppose a piece of ground was acquired and several houses were erected thereon., Hie ground being subdivided would not fail to command e higher relative price, and there would undoubtedly be a saving is 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 L 25 per cent on the actual cost. And if the houses were sold for deterred 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, ahd available for us® otherwile.

THE OBJECTS OF THE COMPACT. 1. To make advances by way of mortgage on rsal estate ot leasehold, on such term* as may bo agreed on, the borrower to have power, when desirous, to i-epay such advances by instalments, including both principal and interest. , To enable persona to make investments by pay* per month, which would entitle them to receive LSO, or multiples thereof, at the end 0f..... years. The blanks to be filled up m each case at the time the first monthly pay* ment is made, according to tables prepared for the purpose. 3. To purchase, lease, hold, and re-sell (either for cash or deferred payments! real estate. 4. To erect houses on the lands so bought, and sell the same for cosh on deferred payments. 5. To receive money on deposit, and pay interest thereon for such term and such rates as may he fixed from time to time. 6. To make advances on other approved securities (such os Corporation or Road Board Rates). 7. To afford facilities for the improvement of laud,. - **: ; °viCT things as. are conducive or luri'.c u<> attainment of the above objects, or any of them. Applications for shares mav be made to the undersigned, LOUIS BASCH,, Interim Secretary, Temple Chambers, Princes street, Dunedin. FORM OF APPLICATION. To the Directors of the " Colonial Building and Investment Company” (Limited. Gestlbmeh,— tn accordance with the terms r 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 share on shares, I request you to allot 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 aecordanee with the said Prospectus. I am. Gentlemen, Signature Name (in full) Address Description, or occupation Date 187 . SEWING MACHINES* . AMERICAN SEWING MACHINES. THE “HOME,” SHUTTLE LOCK* STITCH, The Perfection of Mechanism. Simple, compact, efficient, durable, aid complete.

IT news with the least possible aitiount of labor, and a girl of twelve years bid can run it without fatigue, With this machine is furnished—Hemtncr, braider, shuttle, bobbins, oil-can, oil, screwfive needles, gauge, table-clamp, and directions for use; all securely packed in strong ease, with hinges. THIS UNEQUALLED MACHINE uses a straight needle, makes tha “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 EVIiN SKW LEATHER. It will hem, fell, bind, cord, braid, seam, tuck, and gather. 1 his tnaoLiu willJfrv °ii and gather at the same time, an j will tTbrk equally well on silk, linen, woollen, and cotton goods, with silk, linen, or cotton thread. Prices : To run by Hand ... Do. with table and ti'eddle Half-cabinet do. je ■. djj 4 10 0 6 In 0 8 0 0 Th* above machines eaa be purchase by weekly payments. Agent for Otago S. JACOBS, Fancy Goods Importer, Princes street, Dunedin. ENGLISH AND AMERICAN SEWING MACHINE DEPOT. ANYONE about to Purchase a Sewing Machine would do well to call«t, the above establishment, where they will find a collection of Hand and Treadle Machines from the best makers, ranging in prices from L2 10a and upwards. Also machines guaranteed, and practical instructions given ; also, needles and duplicate parts for all sowing machines in use. Note the address- . WM. MELVILLE, Practical Machinist, George steegtt, Dunedin (near the Octagon).