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THE PjETONE AND HUTT ] BUILDING AND INVESTMENT COMPANY t (LIMITED.) IVegIsTKRED 12th May, 188 C, under " The Joint Stock Companies Act, 1882." &Lim ng the liability ofihe shareholders to tho value of their shares.) CAPITAL £50,000 In 5000 Shares op £10 Each Payable as follows :•— 2s 6d per share on applieacation, 2s 6d on allotment, find 2s 6d per share thereafter, payable monthly, for 38 successive months (if required), and on the first Mondr.y of every month, untU £5 per share is paid ; the balance (if required) as the Directors may appoint. No notice of instalmeTHSSlv^flto shareholder*. { Directors: Edward Barber, Esq., settler, Petone Charles F. Beatson, Esq., architect, Civil Serrice, Hutt. George Carter, Esq., builder, Petone ■ James Hector, Esq., M.D., C.M.G., Petone. J. R. Johnston, Esq., timber merchant, Petone Vf. J. Kirk; Esq., Civil Service, (Chairman Petone Town Bonrd) Petone Thomas Mason, Esq ., settler, Taita, Hutt Bankers : The Colonial Bank of New Zealand* Secretary : Mr G. Bell ■Williamson. solicitors: Brokers: Messrs Williamson & Co. EXTRACTS FROM MEMORANDUM OF ASSOCIATION. The objects for which the Company is established are:— , . (a). The granting of loans on the mortgage or . freehold and leasehold property m the colony of New Zealand, repayable on such terms by instalments or otherwise as may be agreed on with the borrower, and subject to such bye-laws and other regulations of the Company as maybe made affecting the same. ~\ • (b). The granting of loans on the security of sheep, wool, cattle, flax, agricultural produce, and other personal property generally ; but not the making of advances' or loans on or by discounting bills of exchange or promissory notes, nor the granting advances or loans upon any security not herein generally subscribed as a proper subject for ad- , vances or loans. - :' (c). The purchasing, selling, exchanging, holding, leasing, and disposing of freehold and leasehold property m the said colony. (d). The borrowing and raising of any sum or, sums of money foivthe purposes of the company, from any person or persons,, for any period or periods, and either by receiving the same on deposit, or by the issne of debentures, or by the giving of a mortgage over any pioperty of the company, or by transfer by way of mortgage of. any securities to the company, and the paying of interest on such monies so borrowed at such rate or rateß as may be agreed upon. (c). The receiving from any person or persons periodical instalments of money payable on certain fixed days, and of such amount as may be agreed on with the person or persons so investing, and the contracting to pay, and Hie paying to such person or persons at the expiration of any fixed period' commencing from fhe payment of the first of such instalments, any sum of money as may be agreed upon. (t), The entering into, contracting for, carrying out, and doing all such other acts, matters and things as may be incidental to, or conducive to the attainment of all or any of the above objects, or all ' I or any objects of a like or similer nature, <fee, &c. ■ This Company will combine the advantages derived from the experience of many other similar and successful institutions now working m the colony. The general principle aimed at is, that the interests of all concerned shall be purely reciprocal ; the main features being,— ! J I? To provide capital whereby residents and others will be enabled to acquire property, freehold or leasehold, m i;town oV country, by means of easy perii odieal repayments which leave a reason* able margin of profit to the Company, [t whilo being amply protected m point of I security. ' 1 " 2. To enable persons poasesstd of land to erect buildings thereon, either by progress-payments or m a lump ijum, repayable by instalments, or at the expiration of a fixed period of years. 3. To receive deposits, and to afford a gaf c and profitable investment both, for capitalists and during- accumulation of smaller savings by others. 4. To grant loans to members on the value of their shares; and, generally, I to encourage m every possible way-r ' consistent with sound security— members m; the direction of thrift and independence, by enabling them readily .toacquire property, and particularly to obtain a oonifqrtnble freehold home 5. It.'tniist be obvious to every reaj- " dent, and t© every obsßrv«r of the extraordinary, progress of these localities, that this Company will provide for an absolute' and urgent necessity which exists at the present time. - 'r ■- ' 6. >It is consequently beKfe^ed-'lhatt th" residents, and the ..public ißeneiaUy.^ wilt vyarmly welcome and; tßtix)^orj;;/:t]hftt advent of such an institution^ the,, jStat; m the district. . : ? ...-/ >,^,j. ,.>,.,( 7. I Also, that they will appVeciiite the privilege of obtaining admission^ as shareholders to f) financial .undertaking of this description, at the commence^ merit of it's operations, when^neitherany large sum representing paid-up shares, nor the usual heavy premium on.Buch-; are required, as m th« case oi most other financial Companies m "the> Colony' now enrrying on business. 8. The Directors will consider each application for sharas on its merits, and will allot accordingly, bnt they, reserve the right to refuse any allotment absolutely if they shall think fit. In , such cases the deposit will be returned- m "full. Applications for shares, may be made to the Secretary at Wellington and Petone, either directly, or through the Brokers of the Compnny, or any Agents. Ev<jry application must be accompanied by the required deposit, or by a receipt | from any Branch of the Colonial Bank : for Hrn amount of such deposit. Application forms may be obtained from the Secretary and Brokerß, their Agents, or at any Branch of the Colonial Bank of New Zealand. Apolieatioih for Shares will be received meantime by the Brokers of the Company. i WILLIAMSON & CO., j ' Star Chambers, [ 41, Lambton-quay, Wellington. qnAUPO QUAY,WANGANUI. jt you desire to purchase a House, you should apply to Pollard & Siraes If yon desire to purchase a Farm, you should apply to Pollard & Sim<*a If you desire to purchase a few acres of land, you should apply to Pollard & Simes. If yon desire to purchase, by sale or otherwise, you should apply to Pollard & Simes. If you wish to dispose of your house, lands, &c, you should apply to Pollard & Simes. If you desire to lease, or let on lease, Farms, you should apply to Pollard & Simes. If yon have anything to sell or dispose of, consult Pollard & Simes. If yon wish to Exchange Goods, send them through Pollard & Simes, Exchange and Mart. If you want good Servants, yon should call on Pollard & Simes. If Servants «ud others require good situations, they should call on Pollard & Simes. If you want to buy or sell a business of any description, or have your furniture etc., valued, you should call on Pollard & Simes. If you wish to send Parcels to any part of New Zealand at Cheap Rates, forward them through Pollard & Siraes. If you wish to forward parcels to any part of the world, forward through Pollard & Simes. If you wish missing friends traced, and private enquiries made, call on Pollard & Simes. If ' you wish to inspect Next-of-Kin- ! Register, call on Pollard & Simes. If yon want goods Dyed on shortest notice, call on Pollard and Sintes. It you want your rents or debts collected, call on Pollard & Simes. If you want cheap advls. iv any part of New Zealand call on Pollard & Simes. In short, if you want any Commission Business transacted, place yourself m communication with POLLARD &BIMEB, Taujio Quay,

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https://paperspast.natlib.govt.nz/newspapers/MS18860526.2.29.5

Bibliographic details

Manawatu Standard, Volume XII, Issue 1717, 26 May 1886, Page 4

Word Count
1,254

Page 4 Advertisements Column 5 Manawatu Standard, Volume XII, Issue 1717, 26 May 1886, Page 4

Page 4 Advertisements Column 5 Manawatu Standard, Volume XII, Issue 1717, 26 May 1886, Page 4

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