Page 4 Advertisements Column 4

Evening Star, Issue 3790, 17 April 1875, Page 4

froSpeotus. PEOSPECTUS COLONIAL BUILDING AND INVESTMENT COMPANY (Limited). To be Eegistered under “ The Joint Stock Companies’ Act.” Capital ... ... £IOO,OOO First Issue, 5,000 Shares of £lO each. .One shilling to bo paid on application, and five shillings per share per month, until £5 per share is paid up; afterwards, the Directors to have power to call a further sum if required, but such further sums not to be called up without giving at least three months’ notice, and to be payable iu amounts of five shillings per share per month; shareholders to 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, Larnach, Esq. T. Niven, Esq, D. Proudfoot. Esq. T. Birch, Esq. W. Conyers, Esq. C. Zieli, Esq. Dr Geo. W. Cole P. Lambert, Esq. 0. Plexman, Esq., J.P, A. Beck, Esq. D. Boss, Esq. T. S. Sibbald, Esq. T. Carroll, Esq. W. W. Woodlands, (Esq, C. B. Shanks, Esq. G. Fenwick, Esq. Alex. Gunn, Ekq. F. Lambert, Esq., N.E.V. • W. Farley, Esq. With power to add to their number. (Bankers. The'Colohiai£Bahk op New Zealand. Solicitors. Messrs Bathgate and Buchan ak, Temple Chambers. TheTTadvantages of Building Societies are so well known that auy 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 alterations that .may be required by variations in the rate,6f interest. 2, The expense attending the paying off of a sum borrowed before the term for which it has been borrowed has expired. “ " It. frequently happens that a borrower from a i Building Society finds (either from selling his property or from other causes) that it is desirable to .pay off the sum ho has borrowed, when perhaps only a third of th& term for which he has borrowed 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, ai;d that ho is allowed only a comparatively small rebate. It. is therefore proposed to form a company which shall combine all the advantages of a Building Society, without their drawbacks. But, besides the mere lending of : money, the promoters believe that a benefit may be conferred on a large section of the community, and at the some time a fair profit may be obtained for the shareholders, by the purchase of sections in suitable localities, and the erection thereon of houses and cottages, * Land in Dunedin and the neighborhood invariably brings very much higher pr ! -*r When cut into small allotments, and where a ’lumber of uniform cottages are built they can be erected at * cheaper rate chan an individual heuse on the same plan. - By adopting this coarse a highly remunerative business may be done by the company. For example, suppose a piece of ground was acquired and several houses were erected thereon, rhe ground being subdivided would not £ndi 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 per cent, on the actual cost, And if the houses Were sold for deferred payments,! ntofest would at once accrue to the company, not ipeflefy op .the actual capital nvested, but also on tho amount of the profit, less, of coarse, the amount of deposit pafq by the purchaser, which, however, would be m the hands of the company, and available'for use otherwise. ' THE OBJECTS OP THE COMPANY;. j 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 1 repay such advances by instalments, .including both principal and interest, 2. To enable persons to make investments by pay-: iug .•...v..pcr month, which would entitle i them to receive LSO, or" multiples thereof, at the; end of years. The blanks to be 4Ued 1 up in each case at the time the first monthly pay,! meat is mode, according to tables prepared for the; 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 some for cash on deferred payments. 5. To receive money on deposit, and pay interest, i thereon for t uch term and such rates as may be fixed I from time to time. • ' ; I 6, To make advances on other approved securities (such as Corporation or Bond Board Bates). 7. To afford facilities for the improvement of land. 8. To do all such other tilings os ore conducive or incidental to the attainment of the above objects, or any of them. ’ . Applications for shares may be made to therm-1 dersigned, LOUIS BASCH, Interim Secretory, Temple Chambers, I Princes street, Dunedin, : POEM OF APPLICATION. 1 To the Directors of the “ Colonial Building and In, vestment Company" (Limited. Gentlemen,— : In accordance with the terms of your Pros, pectus, I hereby apply for Shares in ™ j i. "loiiial Building and Investment Company/ * and having paid to your Secretary, Hr I i .1 # * the sum of . ‘ , being a deposit of one shilling per share on , » shares, I request you to al'ot me that number, and I hereby agree to accept tbe same or any smaller miniher that may lie allotted to me, subject to the conditions contained in the sard Prospectus, and to pay the instalments thereon iu accordance with the said Prospectus. i I am, 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 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 directions for use; all securely packed in strong case, with hinges. THIS UNEQUALLED MACHINE uses a straight needle, makes the “lock-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, 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. I Prices: To run by hand... ... Do. with table and treddle ... Half-cabinet do. The above machines can be purchase payments. £ s. d. 4 10 615 :o 8 0 10 by weekly Agent for Otago : ! S, JACOBS, Fancy Goods Importer, 1 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 10a and upwards. Also machines guaranteed, and practical instructions given; also, needles and duplicate parts for all sewing machines in use. i Note the address—- , ~ WM. MELVILLE,' ! Practical Machinist. street, Dunedli (hear.the Octagop),|^