Page 3 Advertisements Column 5

Evening Star, Issue 3782, 8 April 1875, Page 3

PBOSPEOTXTS. PROSPECTUS OF THE To be Registered under " The Joint Stock Companies' Act." CiriTAL ... 1(1 (M £IOO one First Issue, 5,000 Shores of £lO each. .9R e BWUin S paid on application, and five shillings par share per month, until £5 per share is forwards, the Dimeters to Wpo wot B Vi n I lf fe«t such further sums not to he called up without giving at least three mouths notice, and to be payable in amounts fi V* mont fe ! shareholders to have the nght to make prepayments, and to receive interest at lie rate oc six per cent, for such sums as may be paid in advance. _ T „ , Provisional Directors. I'Niven, Esq. D. Proudfoot, Esq. T. M. Ritchie, Esq.* T. Birch, Esq. W. Conyers, Esq, C, Ziel 5, Esq. Dr Geo. W. Cole F. Lambert, Esq, C. Pletman, Esq./J.P. A. Beck, Esq. ■ixTr » If, x AAl Ujf JjN, With power to’add to their number. D. BossjEsq. T. S. Sibbald, Esq. T. Carroll, Esq. W. W. Woodlands/ Esq. C. B. Shanks, Esq. G. Fenwick, Esq. Alex, Gunn, Esq. F. Lambert, Esq., N.E.V W. Farley, Esq. 'Bonkers. Bank op New Zealand. Solicitors. Messrs Bathgate and Buchanan, Temple Chambers. °* Ending Societies are so well Known that any. comment upon them is feofvowOTs 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 alterations be required by variations in the ratOTOf interest. 2. The expense attending the paying off of a sum borrowed before the term for which it has been borrowed has expired, happens that a borrower from n-nai or? uuppcuß iiuac a Borrower trom o Budding Society finds (either from nulling his properly or from ether causes) that it is desirable to pav off the sum he has borrowed, when perhaps only a third of thfc term for which te has borrowed the money has expired. In such circumstances the unfortunate borrower is disappointed to find that S?*®? to - to the end of the term, and that he is allowed only a comparatively wmJi re. It is therefore proposed to form a company which But, besides the mere lending of money, the promoters believe that a benefit may be conferred on o large section of the community, and at the same time a fair profit may be obtained for the shareholders, hy the purchase of sections in suitable localities, and the erection thereon of houses and cottages. MHHb Land in Dunedin and the neighnorhood invariably bnngsyeiy much higher pr when cut into small allotments, and where a number of uniform cottages are built they can be erected at a cheaper rate than an individual house on the bwip plan. rw flilAnflTUP fltlD aahusa • VI.VI. * _ By adopting this course a highly remunerative business may be done by the company. For ex i , •/ ****'■' , £Ui OX 1 ample, suppose a piece of ground was acquired anc several houses were erected thereon. Hie grounc being subdivided would not foil to command i nigber relative price, and there would undoubtedly be a saving in the cost of the erection of the houses Bach house, with its separate plot of ground, mighi be sold, at a low estimate of an advance of L 25 pel on *fe o cost. And if the houses sold for deferred payments, interest would at onc< accrue to the company, not merely on the actm capital nvested, but also on the amount of the pro fit, less, of course, the amount ef deposit paid hi the purchaser, which, however, would be in th< minds of the company, and available for use othervise* THE OBJECTS OP THE COMPANY. 1. To make advances by way of mortgage on real estate or leasehold, on such terns as maybe 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 payra? ; per mouth, which would entitle them to receive LSO, or multiples thereof, at the end 0f...... years. The blanks to be filled up in each case at the time the first monthly payment is made, according to tables prepared for tht 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 cash on deferred payments. 5. To receive money-on deposit, and pay interest thereon fonuch term and such rates as maybe 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 . 8. To do all such other things as are oondud incidental to the attainment of the above obiec any of them. Applications for shares may be made to th dersigned. LOUIS BASCH, Interim Secretary, Temple Chambers, Princes streel Dunet FORM OP APPLICATION. To the Directors of the “ Colonial Building and Investment Company'* (Limited. Gentlemen,— In accordance with the terms of your ProsPedros. I hereby apply for Shares in the Colonial Building and Investment Company," and having paid to your Secretary, Mr , , the sum of .beinga deposit of one shilling per short 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 accordance with the said Prospectus, lam, Gentlemen, Signature Nome (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—Hemraer, 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 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, tuok, 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. Prices ; To run by Hand... Do. with table and treddle Half-cabinet do. £ s. d. 4 10 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 10b 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, j Practical Machinist, George street, Dunedin (near the Octagon). |