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THE PETOISTE AND HUTT BUILDING AND INVESTMENT COMPANY (LIMITED.) .Registered 12th May, 1886, under " The Joint Stock Companies Act, 1882." ilim ng the liability of ohe shareholders'to; the Talue of their shares.) CAPITAL £50.000 In 5000 Shakes op.'£lo Each Payable ■as follows : — 2s 6d per share on applicacation, 2s 6d on allotment, and 2s 6d per share thereafter? payable monthly, for 33 successive 1 months (if required), and.ou the first Monday of every tnoiith, until £5 per share is paid ; the balance (if ; reqtiii ed) as the Directors may ap- '- point. No notice of instalments given to shareholders. . '■"'.•. ■ Directors: E&wird Barber, Esq., settler, Petone Charles F. Beatson, Esq., architect, Civil Service, 1 Huft. George Carter, Esq., builder, Petone - James Hector, Esq.* M.D.,.C.M.G., Petone. J. R. Johnston, Esq., timber merchant, Petone V. J.'Kirk, Esq., Civil Service, (Chairman Petone Town Board') Petone Thomas Mason, Esq., settler, Taita, Mutt : Bankers: The Colonial Bank of New Zealan • SeCretart : Mr G. Bell Williamson. solicitors: Brokers: Messrs Williamson & Co. EXTRACTS FttOM MEArORANDTJM OP ASSOCIATION. The objects for which the Company is established arc :— (a). The granting of loans on the mortgage of freehold and leasehold property m th« colony of New Zealand, repayable on such terms '■ . y 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 maf.e affecting the same. (b). The granting of loans on the security of < sheep, wool, cattle, ! flax, agricultural .produce, and T>ther personal property generally; but not the making of advances or loans on or by discounting bills of exchange or promissory notes, rior the grantlug advances or lonns upon any security not herein generally subscribed as a proper smbject for advances or loans. -.; (c). The purchasing, selling, exchanging, holding, leasing, and disposing oi 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 orer 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, ana the paying 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 up0n...., /.',,. ... ... .. „....., (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, Ac, &cThis Company will combine the activaivtagea derived from the experience of many other similar and successful institutions now working m the colony. /The general principle aimed at is, that tha 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 country, by, means of easy periodical repayments which leave a reasonable margin of profit to the Company, while 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 stim, 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 capitaliate and during accumulation of smaller savings by others. ' 4. , To grant loans to members on the value pf their shares ; and, gensrally, to encourage m every possible wayconsistent with sound security— members m the direction of thrift and independence, by enabling them readily to acquire prbperty, and particularly 'to "obtain a comtortablefreehold home., - .? 5. It must be obvious' to every 'remdent, 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 residents, 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 a financial undertaking of this description, at the commence-' roent of, its operations, when neither any large sum representing paid-up shares, nor the usual heavy premium on Buch are required, as m the case ot most other financial Companieft m the Colony now carrying on business. -.■:■■■-■■■ . 8. The Directors will consider each application for shares on its merits, and willallot accordingly, but they- reserve the right to refuse any allotment absolutely if they sb all think fit. In sucb eases the deposit will be returned m full. f : 'Applications for shares^ may be made to the. Secretary at Wellington and Petone, either directly, or .thrpue-h 1 /the Brokers ief 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 the amount of such deposit. Application forms may be obtained from the Secretary and Brokers, their Agents, pr at any Branch of the Colonial Bank of New Zealand. Apolieation for Shares will be received meantime by the Brokers of the CouP aDV ' WILLIAMSON & CO., , Star Chambers, 41, Lambton-quay, Wellington. HHAU P 0 QtJ AY, WA N Gr A N TTI. it you desire to purchase a House, yo u should apply to Pollard & Sitnes If you desire to purchase a Farm, you f should apply to Pollard & Sinus If you deßireto 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 &Simeß. * If you wish to dispose of your hoctfte, lands, &6ij -'you- -should, apply -to Pollard & Simes. J If you desire to lease, or let on lease, Farms, you, should apply ~to Pollard & Simes. If you have anything to sell or dispose of, consult Pollard & Siraes. If you wieli to Exchange G-ooclb, Bond them through Pollard & Sames - Exchange ! and Mart. If you want good Servants, you fjhould call on Pollard & Simes. If Servants and others require, good c . situations, they should c all oa / Pollard & Bimes. If you want to buy or sell a business of any description^ or have yo-ur furniture etc., valued, you shouiitf call on '■ >■•■'■ •' Pollard & Simes. i If you wish to send Parcels to any part of New Zealand at Ghiaap Rates, SI forward them through Pollard & • Simes. •■ If you wish to forward parcels to any • p>rt of the world, forward throueb ;A . rPollard & Sjmes. ■.'.;■■. _ If you wish.inissing fripnds traced, ;-!aidt' " private.^enquiries made, call or* Poll aid & Biraeß. If you wish to inspect Next-of-Em* Register, call on Pollard & Simes. If you want goods Dyed on shortest notice, oall on Pollard and. Sirues. It you want your rents or debts collected, call on Pollard & Sitnes, If you want cheap advtsM'n any part of New Zealand call on Pollard & Simes. In short, if you want any CommissionBusiness transacted, place yonraalf jn communication with

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https://paperspast.natlib.govt.nz/newspapers/MS18860609.2.30.5

Bibliographic details

Manawatu Standard, Volume XII, Issue 1729, 9 June 1886, Page 4

Word Count
1,253

Page 4 Advertisements Column 5 Manawatu Standard, Volume XII, Issue 1729, 9 June 1886, Page 4

Page 4 Advertisements Column 5 Manawatu Standard, Volume XII, Issue 1729, 9 June 1886, Page 4

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