Page 3 Advertisements Column 3

Kumara Times, Issue 772, 21 March 1879, Page 3

U7ESTLAND LAND and ESTATE IT COMPANY. | Capital ... £IOOO, In 2000 Shares of 10s each, payable as follows : —2s 6d on application, and 2s 6d a month until the whole is paid up, For the purpose of purchasing the following properties : I House and Section, 33 x 99 feet, in Sewell street, liokitika ; 2 sections | 33 x 99 feet each, adjoining above. | Section 14, Arahura Road, at junction j of the Christchurch Road and the | proposed railway, which will be divided into 20 building allotj nients. On one of the allotments there is a large five-roomed;house, with five-stalled ■ stable, chaff room, and hay shed. . Through the land runs, it is confi- ! dently asserted, the front beach lead of ; gold, and the promoter is positive that i the property will shortly increase in j value, as the railway is about beiug. | started. j The shareholders willdetei'mine, when ' the share, list closes, how the properties ; will be disponed of, and may depend on. I" the fc'rtl- s being perfect. As'many intending shareholders wish i the piomoter to make a definite proposal iu reference to the disposal of the above properties, I will guarantee them to receive 7 per cent per annum on their outl iy for seven years, after 1 which the interest will be reduced, and share- : holders wishing to withdraw will be paid their money in full. The scrip of the above Company beiug ready for issue the promoter will hold j one-half of it. The balance will be -offered to the public, and one-half the j the capital so raised will be applied to paying off the incumbrances on the'property, the other half to improving it under the superintendence of Trustees and Audkors elected by the shareholders. Applications for shares to be made to ROBERT WRIGHT, Arahura Road.