Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image
Article image
Article image

THE PETONE AND HUTT BUILDING AND INVEST ME NT COMPANY (LIMITED.) Registered 12th may, 1886, under " The Joint Stock Companies Act, 1832." _Id a ng the liability of the shareholders to the value ot their shares.) CAPITAL £50.000 IN 5000 SHARES OP. £10 EACH Payable as follows :— 2s Gil per share on npplicacution, 2s Cd on allotment, and 2s fid per share thereafter, payable monthly, for 38 successive months (if required), and on the first Monday of every month, until £5 per share is paid ; the balance (if required) as the Directors may appoin i. No notice of instalments given to shareholders. Directors: Edward Barber, Esq., settler, Fetone Cliarle3 F. B^atson, Esq., architect, Civil Service, Hutt. George Carter, Esq., builder, Petoue James Hecior, Esq., lv.D., C.P.i.G., Peton». J. R. Johnston, Esq., timber merchant, Petone W. J. Kirk, L. :q., Civil Service, (Chairman Petone Town Board) Prtone Thomas Mason, Esq ., settler, Taita, Hutt BANKERS: The Colonial Bank of New Zealan ■ Secretary : Mr G. Bell Williamson. solicitors: Brokers: Messrs Williamson <fe Co. » EXTRACTS FROM MEMORANDUM OF ASSOCIATION. The objects for which the Company is established ■ are: — (a). The granting of loans' on the mortgage of 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-lnws and other regulations of the Company as maybe made affecting the same. (b). The granting of loans on the secnvity of sheep, wool, cattle, flux, 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 advances 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 for the 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 property 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 rates 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 the paj'ing to such person or persons at the expiration of any fixed period commencing from the 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 or any objects of. a like or similer nature, &0., &c.

This Company will combine the advantages derived from the experience of many other similar and successful institutions now working m tho colony. The general principle aimed at is, that the interests of all concerned shall be purely reciprocal ; the main features being,— 1. To provide capital whereby residents and others will be enabled to acquire property, freehold or leasehold, m town or conntiy, by means of easy periodical repayments which leave a reasonable margin of profit to the Company, whilo being amply protected m point of security. 2. To enable persons possessed of land to erect, buildings thereon, either by progress-payments or m a lump sum, repayable by instalments, or at the expiration of a fixed period' of years. 3. To receive deposits, and to afford a safe and profitable investment both for capitalists and during accumulation of smaller savings by others. 4. To grant lonns to members on the value of their shares ; and, generally, to encourage m every possible way — consistent with sound security— membersin the direction of thrift and independence, by enabling them readily to acquire property, and particularly to obtain a comfortable freehold home. 5. It must be obvious to every resident, and t© every observer of the extraordinary progress of these localities, that this Company will provide for an absolute and urgent necessity which exists at the present time. 6. It is consequently believed that the residt.'ntß,«and the public generally, will warmly welcome and support the advent of such an institution,, the first m the district. 7. Also, that they will appreciate the privilege of obtaining admission as shareholders to o financial undertaking of this- description, at the commencement of its operations, when neither any large sum representing paid-up shares, nor the usual heavy premium on such are required, as m tho case ot most other finanfciil Companies m the Colony now carrying on business. 8. The Directors will consider each application for shares on its merits, and will allot accordingly, but 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 Company, or any Agents. Every application must be accompanied .by the required deposit, or by a receipt from any Branch of the Colonial Bank for th<» amount of such deposit. Application forms may be obtained from the Secretary and Brokers, their Agents,." or at any of the Colonial Bank of New Zealand. . Apolication for Shares will be received meantime by the Brokers of the Company. WILLIAMSON & CO., Star Chambers, 41, Lambton-quay, Wellington.

qpAUPO QUAY.WANGANUI. jtyou desire to purchase a House, -you should apply to Pollard & Simes If you desire to purchase a Farm, you should apply to Pollard & Sim^s If you desire to purchase a few acres of land, you should applyto Pollard & Simes. If yon desire to purchase, by sale or otherwise, you should apply to Pollard & Simes. If you wish to dispose of your houße, lands, &c, you should apply to Pollard & Simes. If you desire to lease, or let on lease, Farms, you should apply to Pollard & Sunes. If yon have anything to sell or dispose of,' consult Pollard & Simes. If you 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 and 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 & Simes. 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 yW wish to inspect Next-of-Km-RegiSter, call on Pollard & Simes. If you ; want goods Dyed on shortest notice, call on Pollard and Simes. If you want your rents or debts collected, call on Pollard & Simes. If you want cheap advts. m any part of New Zealand call on Pollard & Simes. In abort, if you want any Commission Business transacted, place yourself (v communication with ?QI4iARD*SIMJS;S,

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MS18860607.2.26.4

Bibliographic details

Manawatu Standard, Volume XII, Issue 1727, 7 June 1886, Page 4

Word Count
1,241

Page 4 Advertisements Column 4 Manawatu Standard, Volume XII, Issue 1727, 7 June 1886, Page 4

Page 4 Advertisements Column 4 Manawatu Standard, Volume XII, Issue 1727, 7 June 1886, Page 4

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert