Page 4 Advertisements Column 4

Evening Star, Issue 3785, 12 April 1875, Page 4

PROSPECTUS ! PBOSPEGTUO : _ OF THE .. /COLONIAL BUILDING AND ■\J COMPANY (Limit ; . To l>e Registered under “Th Companies' Act. ( ! Capitai. ... ... ' ■ ; First Issue, 5,000 Shares ( One shilling to be paid on nj shillings per snare month*, un paid up; afterwards,the Directo to call a further sum if required sums not to be called up with© three months’ notice, and to be p ; of five shillings per share per mpi to have the right to make prepa; : celve interest at the rate of six ■ j sums as may be paid in advance. Provisional Direct ' 'W'. J. M. Larnaoh, Esq. T. Niv D. Proudfbot, Esq. >D. Bos T. M. Bitchie, Esq.J T. S. £ T. Birch, Esq. T. Car W. Conyers, Esq. W. W. C. Ziel >,Esq. G: B. f Dr Geo. W. Cole G. Per P. Lambert, Esq. Alex, < C. Plexman; Esq., J.P. P. Lan A. Beck, Esq., W.Fa .With power to a<id to the Wankers. ~ of Ni Solicitors. Messrs Bathgate and Buck Chambers, The Jod vantages of Building Sc known that any comment upon th but many borrowers fadin'these sc to their cost that these advaut with some objectionable features. Amongst these may be noticed1. The almost total inflexibi a society whdn ; *onoe ! esl cqnsequentr, inability to that p»ay be required by • r * rateybf interest. , . 2. The expense attending tl sum borrowed before the has been borrowed has e; It frequently"‘happens that a Building Society finds (either fro perty or from other causes) that pay off the sum he has borrow* only a third of thh term for whic the moiiey has expired, : In.such unfortunate borrower is disappo he has to pay interest to thffeud that ha is allowed only a oompi bate, •! It is therefore proposed to fqrn shall combine all the advaH’agi Society, without their drawbacks But, besides the mere lending < moters believe that a benefit maj large section of the community, time a fair profit may be Obtaii holders, by the , purchase of se* localities, and the erection there cottages. ; Land Jh Dunedin and the nel ably brings very much highor;.pr small allotments, and where a i ‘ootiages are built* they,'can be ei rate than an individual house on By adopting this course a hi( business may be done by the c amplei srtppbse a piece of ground several houses were, erected thei being subdivided would hot fi higher relative price, and there v be a saving in the cost of the erec Each house, with its separate pie he sold, at a low estimate of an ! cent, on the actual cost. } And j sold for deferred payments,! liter accrue to the company, not me capital nvested, but also on the i fit, less, of coarse, the omohnt < the purchaser, which, however, hands'of the* company, ancL avaih wise. ~ THE OBJECTS OP THE 1. To make advances by way oi estate or leasehold, on such termi on, the borrowed to have power, repay such advances by instahnei principal and interest. 2. To enable persons to make ii ing....... .per, month, wl them to receive LSO, or multip end of .years. Th< up in each case at the time the meut is made, according to table purpose, 3. To purchase, lease, hold, one cash 6r deferred payments) real e -4:, Tb erect houses on the lands the. same for cash on deferred pai 5. To receive money on deposi thereon for euch term and such k from time to time. 6. To make advances on other t (such'us Corporation or Boad Boi 7. To afford for the land. ;8. To dp all spph other things i .incidental to the Attainment or tl ahydfthem. ~lUi • -■ Applications for shores mayb dersigned. ~ LOUIS BABCH, ! , Interim Se • Tornpli ■ / POEM OP ABBLIC To the Directors of the “Colonhj vestment Company” (Limited , Gentlemen,— ; tn accordance With the t pectus, I hereby.apply for . ,; the “ Colonial Building and Inye and having paid to your Secretary at _ , the - Istrbh' of’" deposit of one shilling per, share ( shares, I request yon to ol ot me