Page 4 Advertisements Column 4

Evening Star, Issue 3787, 14 April 1875, Page 4

r L PROSPECTUS. PROSPECTUS ' 1 or THE COLONIAL BUILDING AND INVESTMENT COMPANY (Limited).. | To be Registered under “ The Joint Stock I Companies’ Act.” ! Capital ... ... ... ... £IOO,OOO i First Issue, 5,000 Shares of £lO each. One shilling to be paid on application, and five ■sh Rings per share per month, nntil £5 per share is ■paid up; afterwards, the Directors to hove power ilo call a further sum if required, but such farther (sums not to be called up without giving at least j three months’ notice, and to be payable in amounts iof five shillings per shore per mouth; shareholders jto have the right to make prepayments, and to receive interest at the rate of six per cent, for such {sums as may be paid in advance. ] ' Provisional Directors, ■W. J. M. Lamacb, Esq. T. Niven, Esq. D. Proudfoot, Esq. iT. Birch, Esq. W. Conyers, Esq. C. Ziel <, Esq. Dr Geo. W. Cole !P. Lambert, Esq. C. Flexman, Esq., J.P. A. Beck, Esq. D. Ross, Esq. T. S. Sibltald, Esq. T. Carroll, Esq. W. W. Woodlands,lEsq. C. B. Shanks, Esq.. G. Fenwick, Esq. Alex. Gunn, Esq. P. Lambert, Esq., N.B.V. W. Farley, Esq. With pewer to add to their number. | The£Colokiai£Bane op NkwZe aland. Solicitors. i Messrs BatSgate and Buchanan, Temple > Chambers. The^odvantages of Building Societies are so well known that any comment upon them is unnecessary; I but many borrowers from these societies have found Ito 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 that may be required by variations in the i rate of interest. I 2. The expense attending the paying off of a j sum borrowed before the term for which it 1 has been borrowed baa expired. ! It frequently happens that a borrower from a j Building Society finds (either from selling his property or from other causes) that it is desirable to J pay off the sum he has borrowed, when perhaps I only a third of thd term for which he has borrowed j the money has expired. In such circumstances the unfortunate borrower is disappointed to find that he has to pay interest to the end of the term, a- d | that he is allowed only a comparatively small reibate. [ It is therefore proposed to form a company which (shall combine all the advantages of a Building I Society, without their drawbacks. | But, besides the mere lending of money, the proI inoters believe that a benefit may he conferred on a . large section of the community, and at the same i time a fair profit may be obtained for the share- • holders, by the purchase of sections in suitable ’ localities, and the erection thereon, of houses and cottages. Laud in Dunedin and the nelghnorhood invariably brings very much higher pr*"* when cut into imall allotments, and where a i of uniform coinages are built they can bo erected at a cheaper rate than an individual heuse 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 and several houses were erected thereon, llie ground being subdivided would pot fail to command a 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, might be sold, at a low estimate of an advance of L 25 pop cent, on the actual cost. And if the houses were sold for deferred payments,! nterest would at once accrue to the company, not merely on the actual capital nvested, but also on the amount of the profit, less, of course, the amount ef deposit paid by the purchaser, which, however, would be in the hands of the company, and available for nse otherwise. THE OBJECTS OF THE COMPANY. 1. To make advances by way of mortgage on real estate or leasehold, on such terms as may be 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 paying per mouth, which would entitle them to receive LSO, or multiples thereof, at the end of 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, loace, hold, and re-sell (either for cosh or deferred payments) real estate. 4. To erect houses on the lauds so bought, and sell the same for cash on deferred payments. 5. To receive money on deposit, and pay Interest thereon fori ach term and such rates as may be fixed from time to time.6. To make advances on other approved securities (such as Corporation or Rond Board Rates) . 7. To afford facilities for the improvement of land. 8. To do all such other tilings as arc conducive or incidental to the attainment ot the above objects, or any of them. Applications for shares may be made to the undcißisucdi LOUIS BASCH, Interim Secretary, Temple Chambers, Princes street, Dunedin. FORM OF APPLICATION. To the Directors of the “Colonial Building and Investment Company" (Limited. Gentlemen, — fn accordance with the terms of your Prospectus, I hereby apply for Shares in the Colonial Bunding and Investment Company,” and having paid to yonr Secretary, Mr t at , the sum of .being a deposit of one shilling per share on shares, I request yon to al ot 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 Name (in full) !"!..'.'.!!!! Address !.!!!."!!"!" Description, or occupation....!!!" Date ley" 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—Hemmer, braider, shuttle, bobbins, oil-can, oil, .screwdriver, five needles, gauge, table-clamp, and ■ lirections for use ; all securely packed in strong case, with hinges. r , THIS UNEQUALLED MACHINE uses a straight needle, makes the “lock-stitch” (alike on both sides), has a self-adjusting ten'don, 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. i his 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. The above machines can be purchase payments.. £ s. d. 4 10 0 6 15 0 8 0 0 by weekly Agent for Otago : S. JACOBS, Fancy Goods Importer, Princes street, Dunedin, ENGLISH AND AMERICAN SEWING 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 10s and upwards. Also machines guaranteed, and practical instructions given; also, needles and duplicate parts for all sewing machines in use. Note the address— PjraCtftetl Mach: WM. MELVILLE, etrtefet;, Uunedin