Page 3 Advertisements Column 4

Evening Star, Issue 3777, 2 April 1875, Page 3

waos^Borxm. PROSPECTUS Op THB COLONIAL BUILDING AND INTBSTMENT COMP ANT (Limited). Te be Blistered under “The Joint Stock Gompaniee’ Act.*’ fcIAmAL AQO.OOO Tint Issue, 5,000 Shares of £lO each. jOne shilling to be paid on application, and five shillings per snare 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 sums not to bo called up without giving at least three months* notice, and te be posable in amounts of five shillings per snare per month; shareholders to here ths right to make prepayments, and te receive interest at tke rate of six per cent, fer such sums ae nay be paid in advance. \ ’ „ „ , Provisional Directors. W. J. X. Larnach, Esq. T.. Niven, Esq. D. Proudfoot, Esq. *“ T. M. Bitchie, Esq.; T. Birch, Esq. W. Conyers, Esq. i O. Ziele.Esq. Dr Geo. W. Cole P. Lambert, Esq. , 0. Flexman, Eaq./J.P.I {. P. Lambert, Esq., N.B V A. Beck, Esq. W. Parley, Haq. With pewer to'add to their number. •» .• ITOU,JD»q D. Boss, Esq. T. S. Siblnla, Bee. T. Carroll, Esq. W. W. Woodlands, Esq, C. B. Shanks, Esq. G. Fenwick, Esq. Alex. Gunn, Esq. Bonkers. tTas Colonial Bane or Nsw Zealand. __ Solicitors. Messrs Batbsatb and Buoxanan, Temple Chambers. |flfae]|' advantages of. Building Societies are so well blown that any comment upon them is unnecessary; but many borrowers from.these societdes 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 make alteration;! he required by variations In the interest, 2. The expense attending the paying off of a sum borrowed before the term for which it has been borrowed lias expired. It frequently happens that a borrower from a Building Society finds (either from selling his property or from ether causes) that it is desirable to payoff tha sum he has borrowed, when perhaps only li third of th& term tor which he Lim borrowed the money has expired. -In such circumstance# the unfortunate borrower Is disappointed to find that he has to pay interest to the end of the term,aiid that he is allowed only a comparatively ■mall rebate. It is therefore proposed to form a company which i shall combine all the ad van Sages af a Building Society, without thefrdrawbaoks. But, besides the mete lending of money, the promoters believe that a benefit may be fconferredon a 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 cottages. Vf* o *. Dunedin and the neighborhood invariably brings very much higher preer, when cat into small allotments, and where A number of uniform ootiagea are built they can be erected at a cheaper rate than an individual hense on the same plan. By adopting this bourse a highly remunerative business may be done by the company. For example, suppose apiebe of ground was acquired and several houses were erected thereon, nie ground being subdivided; would not foil to command a higher relative price, and there would undoubtedly be a saving in the cost oft A .■ irection of the houses. Each house, with its sen* t . eplot.of ground, might be sold, at a low esthna* tan advance of L 25 per cent, on the actual col . 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 algo on the mount of the profit, less, of course, the amount deposit pata by the purchaser, which, however, ioald be in the hands of the company, and availi. le for nse other--wise. THE .OBJECTS OP THE COMPANY. 1. To make advances by way of mortgage oil real estate or leasehold, on such terms as maybe agreed on, the borrower to have power; whendesfrons, to repay such advances by instalments, including both principal and interest. 3. To enable persons to make investments by poythem to receive LSO, or multiples therebf. at the end of .years. The blanks to be filled np in each case at the time the first monthly payment is made, according to tables prepared fertile purpose. 3. To purchase, leasehold, and re-sell (either for cash or deferred payments) real estate. 4. To erect houses outhe lands so bought, and sell the some for cash on deferred payments. 5. To receive money on deposit, and pay interest thereon for such term and such rates as may be fixed from time to time. 6. To make advances on other approved securities (such as Corporation or Bond Board Bates). 7. To afford facilities for the improvement of land. ; . 8. To do all such other things as are conducive or incidental to the attainment of the above objects, or any of them. Applications for shares may he made to the undersigned. LOTOS BASCH, • Interim Secretary, Temple Chambers, Princes street, Dunedin. FOBM OF APPLICATION. To the Directors of the ** Colonial Building and Xi vestment Company” (Limited, OSNTLBKEN,— In accordance with the terms of your Pro pectus, I hereby apply for ; : Shares i the “ Colonial Building and Investment Company; and having paid toyonr Secretory, Mr ®t , the sum of b<Sn E deposit of one shilling per share on shares; I request you to allot me that number, and hereby agree to accept the same or any smaller nut ber that may be allotted to me, subject to the co: ditions contained in the said Prospectus, and to pi the instalments thereon in accordance with the sw Prospectus, lam, Signature. Name (in full) Address Description, or occupation Date;; 187 . SEWING MACHINES. AMERICAN SEWING MACHINES. THE “HOME,” SHUTTLE LOCKSTITCH, The Perfection of Mechanisfn. Simple, compact, efficient, durable, and oomplote.' 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-olamp, 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 BVBN SHW LEATHER. It will hem, fell, bind, cord, braid, seam, tuck, ruffle, hemstitch, and gather. This re aching will sew on and gather at the same time, an 1 will work equally well on silk, linen, woollen, and cotton goods, with silk, linen, or cotbni thread. Prices : To run by hand... Do. with table and treddle Half-cabinet do. JS s. <l. 4 10 0 615 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 de 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 1!'« and upwards. Also machines guaranteed, and practical instructions given ; also, needles and duplicate parts for all sewing machines in use. '• Nate the address—- . WM. MELVILLE, j Practical Machinist, George street, Dunedin (near the Octagon),