Page 3 Advertisements Column 5

Evening Star, Issue 3779, 5 April 1875, Page 3

PROSPECTUS. PBOBPECTVB OF ZH> b« Registered under *‘Tke J«imt Stock Compaoiee* Act.” Capital ... ... jqooooo Pint Issue, 5,000 Shares •( £lO each. One shilling to be paid on application, and five shillings pot share per month, until £5 per share is paid up; afterwards, the Directors to have power to call a further sum |if required, hut such further sums net to be called up without giving at least three menthr notice, ana to be payable in amounts of five shillings per share per month; shareholders to have tfcenght to make prepayments, and to receive interest at the rate ef six per oent. for such sums as may be paid in advance. Provisional Directors. W. J. M. larnaoh. Esq. T. Niven, Esc. D. Prondfoot, Esq. " ~ u T. M. Ritchie, Esq.* T. Birch, Esq. W. Conyers, Esq. C. Ziela, Esq. Dr Geo. W. Cole P. Lambert, Esq. C. Plexman, Egq.Af.?. A. Beck, Esq. D. Boss, T. S. SibbelS, Em. T. Carroll, Esq. 1 W. W. Woodlands, Esq. C. B. Shanks, Esq. G. Fenwick, Esq. Alex. Gunn, Esq. P. Lambert, Esq., N.B.V. . . W. Parity, Esq. With pewer to their number. Bankers. iTasSCeuOTA& Bank of New Zealand, Solicitors. Messrs Bathsatb and Buchanan, Temple Chambers. Thejedvantages of Building Societies are so well mown that any comment upon them is unnecessary • but many borrowers from these societies 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 n.n»n\tions that unay be required by variations in the ratepT interest. 2. The expense attending the paying off of a sum borrowed before the tern for which it has been borrowed has expired. It frequently happens that a borrower from a Building Society finds (either from selling his proparty or from ether causes) that it is desirable to pav off the sum he has borrowed, when perhaps JJv a third of th.6 term for which ne hag borrowed the money has expired. In each circumstances the unfortunate borrower is disappointed to find that he has to pay interest to the end of the term, and toat he is allowed only a comparatively small reDate, It is therefore proposed to form a company whiob shall combine all the advantages ef a Buildim Society, without their drawbacks. But, besides the mere lending of money, the pro motors believe that a benefit may he conferred on i large section of the community, and at the «»th time a fair profit maybe obtained for the share holders, by the purchase of sections in suitable localities, and the erection thereon of houses anc cottages. Land in Dunedin and the neighborhood invari ably brings very much higher proof when cut intt small allotments, and where a number of oottages are built they can he erected at a cheapei rate than an individual heuso on the same plan. By adopting this course a highly remunerative business may be done by the company. For ex ample, suppose a piece of ground was acquired anc several houses were erected thereon. ‘Hie ground being subdivided would hot fail to command i 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, mlghl be sold, at a low estimate of an advance of L 25 pei cent, on the actual cost. And if the houses wen sold for deferred payments, interest would at ona accrue to the company, not merely on the aotua capital Invested, but also on the amount of the pro fit, less, of course, the amount ef deposit paid bj the purchaser, which, however, would be in thi hands of the company, and available for use other wiseTHE OBJECTS OP THE COMP ANT. 1. To make advances by way of mortgage on tea estate or leasehold, on such terms as maybe agreed on, the borrower to have power, when desirous, ft repay such advances by instalments, iimimting hot! principal and interest, . 2. To enable persons to make investments by pay mg per month, which would eutitL them to receive LoO, or multiples thereof, at tin end of years. The blanks to be filled up in each case at the time the first monthly pay meat is made, according to tables prepared for tni purpose. 3. To purchase, lease, hold, and re-sell (either fo: cash or deferred payments) real estate. 4. To erect houses on the lands so bought, and eel the same for cash on deferred payments. 5. To receive money on deposit, and pay interes thereon for tuoh term and such rates as may be fixe from time to time. 6. To make advances on otiier approved seouritie (such as Corporation or Boad Board Bates). 7. To afford facilities for the improvement c land. 8. To do all such other things as are conducive o incidental to the attainment of the above objects, o any of them. Applications for shares maybe made to the on dersigned. LOUIS BASCH, Interim Secretary, Temple Chambers, Princes street, Dunedin. POEM OP APPLICATION. To the Directors of the “Colonial Building and In. vestment Company'* (Limited. GbNXLKAi JdN, (n accordance with the terms 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 , beings deposit of one shilling per share on shires, I request yon to allot me that number, and I hereby agree to accept the same or any smaller number that may be r Hotted to me, subject to the conditions contained in tbe said Prospectus, and to pay the instalir.*' Is thereon in accordance with the mid 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 com. plete. 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 famished—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 “look-stitch” (alike on both sides), has a self-adjusting tendon, 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 machine will sew on and gather at the same time, and will work equally well on silk, linen, woollen, and cotton goods, with silk, linen, or cotton thread. Pbioeb: £ s. d. To run by hand... ... ... 4 10 0 Do. with table and treddle ... 6 16 0 Half-cabinet do. ... ... § 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 L2los and upwards. Also machines guaranteed, and practical Instructions riven; also, needles and duplicate parts for all sewing machines in use. Note the address— WM. MELVILLE, Practical Machinist, George street, Dunedin i (near the Octagon).)