Page 3 Advertisements Column 5

Evening Star, Issue 3778, 3 April 1875, Page 3

PRoapßonr PBOSPECTUJ OF THB riOLOWIAL BUILDING AM \J COM.PANT (Limi To 1m Blsgistered under “Tl Companies’ Act. Cafital ... First Isslie, 5,000 Shares < One shilling to be paid on a] shillings per snar< b per month, un paid up; ofterwoirds, the Directo to call a farther imra if required sums not to bo (tailed up witho three months’ nodice, and to be p of fire shillings per share per moi to have the right to make preps; ceive interest at the rate of six ; sums as may be paiifl in advance. Provisional Direct W. J. M. Lamoch, Esq. T. Niv D. Prondfoot, Esq. D. Eos T. M. Eitohie, Esq. T. S. & T. Birch, Esq. T. Can W. Conyers, Esq. W. W. C. Ziel i.Esq. C. B. £ Dr Geo. W. Cola G. Fen F. Lambert, Esq. Alex. ( C. Flexman, Esq., J.P. IT, Lan A. Beck, Esq. W, Fai With power to’add to the Bankers. .The Colonial Bane op Ne Solicitors. Messrs Bateoate and Buchj Chambers. of Building So known that any comment upon the but many borrowers from these so to their cost that these advaute with some objectionable features. Amongst these may be noticed1, The almost total infleribil a society when once est consequent inability to be required by ratwf interest. 2. The expense attending th stun borrowed before the has been borrowed has ess It frequently happens that a Building Society finds (either froi party or from ether causes) that pay off the sum he has borrow* only a third of th 6 term for whicl the money has expired. In such i unfortunate borrower Is disappoi he has to pay interest to the end that he is allowed only a ooxnpe bate. It is therefore proposed to form shall combine all the advantage Society, without their drawbacks, But, besides the mere lending c motors believe that a benefit may large section of the community, time a fair profit maybe obtain holders, by the purchase of sec localities, and the erection there cottages. Land in Dunedin and the nei| ably brings very much higher pr* small allotments, and where a m cottages are built they can be en rate than an individual hense on i By adopting this course a big business may he done by the cc ample, suppose a piece of ground several houses were erected then being subdivided would not fa higher relative price, and there w be a saving in the cost of the eied Each house, with its separate ploi be sold, at a low estimate of an a cent, on the actual cost. And ii sold for deferred payments, inter accrue to the company* not mei capital nvested, but also on the a fit, less, of course, the amount e the purchaser, which, however, hands of the company, and availa wise. THE OBJECTS OP THE ( 1. To make advances by way of estate or leasehold, on such terms on, the borrower to have power, repay such advances by instalmen principal and Interest. 2. To enable persons to make in mg per month, wt them to receive LSO, or multipl end of years. The up in each case at the time the i ment is made, according to tablet purpose. 3. To purchase, lease, hold, and cash or deferred payments) real ei 4. To erect houses on the lands i the same for cash on deferred pay 5. To receive money on deposit thereon for such term and such ra from time to time. 6. To make advances on other a (snob as Corporation or Bond Boa 7. To afford facilities for the land. 8. To do all such other things a Incidental to the attainment of th any of them. Applications for shares may hi dersigned. LOUIS BASCH, Interim Sei Temple POEM OP APPLIC To the Directors of the “Colonia vestment Company” (Limitec Gentlemen,— tn accordance with the ti pectus, I hereby apply for the “ Colonial Building and Inve and having paid to your Secretary at , the sum of deposit of one shilling per share < shares, I request you to al’ot me . hereby agree to accept the same oi