Page 3 Advertisements Column 4

Evening Star, Issue 3783, 9 April 1875, Page 3

VBOBPBOV PEOSPECTI OF TEE COLONIAL BUILDING A 1 COMPANY (Liz To bo Registered under “' Companies’ A< Capital ... First Issue, 5,000 Share One shilling to be paid on shillings per share per month, i paid up; afterwards, the Direc to call a further sum if reqnin sums not to be called up witl three months’ notice, and to bs of five shillings per share per ji to have the right to make prei oeive interest at the rate of sis sums as may be paid in advance Provisional Dire W. J. M. Larnach, Esq. T. N " ** D.B T. S. T. Ci w. y c. B o, p Alex P. Li W.) D. Proudfoot, Esq, T. M. Ritchie, Ksq.J T. Birch, Esq. W. Conyers, Esq. C. Ziela.Esq. Dr Geo. W. Cole P. Lambert, Esq. C. Plexman, Esq./J.P. A. Bock. Esq. With power to odd to _ 5 Bankers. The of 1 Solicitors. Messrs Bathgate and But Chambers. Thejadvantages of Building i known that any comment upon i but many borrowers from these to their cost that these advaa with some objectionable featnn Amongst these may be notice 1. The almost total inflezi a society when once i consequent inability t thatjmay be required 1 ratopf interest. 2, The expense attending sum borrowed before tl has been borrowed has It frequently happens that Btuldmg Society (either fi perty or from ether causes) th pay off the sum he has borro only a third of thd term for wh the money has expired. In sue unfortunate borrower is disapj he has to pay interest to the ei that he is allowed only a con bate. It is therefore proposed to foi shall combine all tne advantt Society, without their drawbacl But, besides the mere lending motors believe that a benefitm large section of the communii time a fair profit maybe ohtt holders, by the purchase of i localities, and the erection the cottages. Land in Dunedin and the n ably brings very much higher i small allotments, and where a cottages are built they can be rate than on individual heuse oi By adopting this coarse a 1 business may be done by the ample, suppose a piece of grour several houses were erected th being subdivided would not higher relative price, and there be a saving in the cost of the en Each house, with its separate p be sold, at a low estimate of ai cent, on the actual cost. Anc sold for deferred payments, int accrue to the company, not n capital mvested, but afso on thi fit, less, of course, the amount the purchaser, which, however hands of the company, and avai wise. THE OBJECTS OP THI 1. To make advances byway i estate or leasehold, on such ten on, the borrower to have powei repay such advances by instalmi principal and interest. 2. To enable persons to maka : i»g per month, i them to receive LSO, or multi end of years. Tl up in each case at the time thi ment is made, according to tab] purpose. 3. To purchase, lease, hold, ax cash or deferred payments! real 4. To erect houses on the land the same for cash on deferred pi 5. To receive money on depoi thereon for such term and such. ] from time to time. 6. To moke advances on other (such as Corporation or Bead Bi 7. To afford facilities for tt land. 8. To do all such other things incidental to the attainment of t any of them. Applications for shares may iersigned. LOUIS BASCB Interim S Temp POEM OP APPLI To the Directors of the "Colon! vestment Company” (Limiti Gentlemen, — In accordance with the' pectus, I hereby apply for the " Colonial Budding and Inv uid having paid to your Secretai , the sum of ieposit of one shilling per share