Page 3 Advertisements Column 4

Evening Star, Issue 3774, 30 March 1875, Page 3

prospectus. PROSPECTUS OS' ’THE Ol> QOLONIAt BUII£ING AND INVESTMENT COMPACT (Limited). To be Registered under "The Joint Stock Companies* Act.” Capital £IOO,OOO First issue, 5,000 Shares of £lO each. B v to ®o application, and five «« shore per month, until £5 per shore is mifSfk m S^ lf re^uire d> such further ??™ n0 .*? be willed up without giving at least 8 notice, and to be payable in amounts to b!vl^?S,? e L Bhat v Permo^b s shareholdera sums as may be paid in advance, ■nr r it t Pr ° vi ®i on al Directors. S-ikSv£rss- E » i - D. Boss, Esq. T. S. Sibbald, Esq. T. Carroll, Esq. W. W. Woodlands, Esq. C. B. Shanks, Esq. Q. Fenwick, Esq. Alex. Gunn, Esq. F. Lambert, Esq., N.E.'V W. Farley, Esq. D. Proudfoot, Esq. T. M. Ritchie, Esq. T. Birch, Esq. W. Conyers, Esq. C. Ziel ijEsq. C. C. Kettle, Esq. Dr Geo. W. Cole F. Lambert, Esq. C. Plexman, Esq.. J.P. A. Beck, Esq. With pewer to add to their number. Bankers. The Colonial Bans of New Zealand, Solicitors. Messrs Bathgate and Buchanan, Temple Chambers. . advantages of Building Societies are so well known that any comment upon them is unnecessary • but many boreowers from these societies have founi 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 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 lias been borrowed bos 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 off the sum he has borrowed, when perhaps only n third of the term for which he Tim? 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, a».d that be is allowed only a comparatively small reIt is therefore proposed to form a company which shall combine all the advantages of a Baildiug Society, without their drawbacks. ° But, besides the mere lending of money, the pro* motors believe that a benefit may be conferred on a large section of the community, and at the same time a faor profit may be 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 cottages 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 douc by the company. !For ©xample, suppose a piece of ground was acquired and several houses were erected thereon. Hie 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 the houses Each house, with its separate plot of ground, might be sold, at a low estimate, at an advance of L 25 per on the actual cost. And if the houses were sold for deferred payments, interest would at once accnie to the company, not merely on the actual capital nvested, but also on tho amount of tho profit, less, of course, the amount of deposit paid by the purchaser, which, however, would be in tlie 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 bo 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 paying per month, which would entitle them to receive LSO, or multiples thereof, at the end of years. The blanks to be filled up in each case at the time the first monthly payment is made, according to tables prepared for the purpose. 3. To purchase, lease, bold, 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 tuck term and such rates as may be fixed from time to time. 6. To make advances on other approved securities (such as Corporation or Road Board Rates). afford facilities for the improvement of 8. To do all such other things as are conducive or incidental to the attainment ot the above objects, or any of• Apphcis ; ;:s for shares imvbe 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. Gentlemen, — fn accordance with tho terms of your Prospectus, I hereby apply for Shares in the " Colonial Building and Investment Company,” and having paid toyour Secretary, Mr •*, kt < , tho sum of , being a deposit of one shilling per share on shares, 1 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 accordance with the said Prospectus, lam. Gentlemen, Signature. Name (in full) Address Description, or occupation Date 187’. SEWING MACHINES. AMERICAN SEWING MACHINES. THE “HOME,” SHUTTLE LOCKSTITCH, 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 SEW LEATHER. It will hem, fell, bind, cord, braid, seam, tuck, ruffle, hemstitch, and gather. This machii o will sew on and gather at tho 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. -I. 410 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. ENGLISH AND AMERICAN SEWING MACHINE DEPOT. ANYONE about to Purchase a Sewing Machine would do well to call at the above establishment, where they will find a collection of Hand and Treadle Machines from the best makers, ranging in prices from L2 10s and upwards. Also machines guaranteed, and practical instructions given ; also, needles and duplicate parts for all sewing machines in use. Note the address—- . WM. MELVILLE, Practical Machinist, George street, Dunedin (near the Octagon),