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TEE PETONE ANJ) HUTT BUILDING AND INVESTMENT COMPANY ■ '■ (LIMITED.) Registered 12th Jlay, 1886, under "The Joins Stock Companies Act, 1882." ■ Lin ng the liability of the shareholders to. the value of their shares.) CAPITAL .— ....... £60.000. IN 5000 SHARKS OP £10 EACH ! Payable as follows :— 2s 6d per share on applioacation,'2s fld on allotment, and 2s Gd per share thereafter, payable montlily, for 38 successive mouths (it required), and on the first Monday of every mouth, uutil £5 per share is paid ; the balance (if required) as the Directors may appoint No notice of instalments given to shareholders, ' - ' ! ' ' i l • ■ . " >- ■ :. Directors: .. . - Edward Barber, Esq., settler, Petone > .■. ? % Charles F. Beatson, Esq., architect, Civil Service, HUtt. , . . -.;.}-„ George Carter, Esq.., builder, Petone . : . James Hector, Esq., M.D., C.M.G., Fetone. ;■ J.R. Johnston, Esq., timber merchant, Petone ' W. J. Kirk, Esq., Civil Service, (Chairman Petone • r 'T*own Board) Petone ■ '• • ' '■ : '■ ■>' Thomas Mason, Esq., settler, Taita, Hutt i Bankers: . ... \ ' The Colonial Bank of New Zealan Secretary : Mr G. Bell Williamson. ? / solicitors: ' Brokers: Messrs Williamson & Co. EXTBACTS FROM MEMORANDUM OF AS- , . ; SOCIATION. „ The objects for which the Company is established are: — (a). The granting of loans oh the mortgage o freehold and leasehold property m the colony of New Zealand, repayable on such terms by instalmentSiOr otherwise as may be agreed on. wi^i the boirower, and Bubject to such bye-lnws and pother regulations of the Company as maybe mode affecting the same. . - ■ ■■ ; " (b). The granting of- loans on the security a ; sheep, wool, cattle,'fiax, agricultural produce, and other personal property generally 1 Dut 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 treehold and leasehold property iv the said colony, (d). The borrowing and raising of any sum or "sums of money for* the i "purposes Ot 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 payi tig of interest on such monies so borrowed at such rate or rates as may be ngreed upon. (c). The receiving from any person c* persons periodicarinstalments of money payable on certain .fixed days, and of such amount as may_ be agreed •oh with the person or persons so investing,' and the contracting to pay, aud -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 Upon. : " "~ ■ • ; ; (t), The entering into, contracting for, earryintt ont, 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 objeots of a like or similer nature, &c, &c. • This Company Will combine the advantages derived from the experience of many other jsiihilar and successful m; stitntions now working m the colony. , The general principle aimed at ia, that the interests of all concerned shall be purely reciprocal ; the main features being,— 1. . To provide capital whereby residents' find others will be enabled to - acquire property, freehold or leflsehold, m town or country, by means of easy periodical repayments which leave a reason-: able margin of profit to the Company, while being amply protected m point of ..-...'' 2. To enable persons possessed of land to erect buildings thereon, either, by progresß-paymehtß 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 loans to members on the value of their -shares; and, fifenorally, rtb encourage m every possible way; — with sound security — members m the direction of thrift and independence, by enabling them readily to acquire property, .and particularjy, to ob- ; tain a comfortable freohold home.' : ' ' 5. It must . beobyious to every resident, and; t© every observer .^of the exf traordinairy progress of these ' localities, < that tbjs Company will provide, for an absbltite and tif gent necessity' which exists at the present time: *> ■'.§£ £t is .consequently belieyed jtbat the residents, and the public generally, ■ wiHi.warmly'-x^welcorne and.sur^pojt the advent of tanch an institution, the % first m the district. 7. Also, that they will appreciate the privilege of obtaining admission as shareholders to v financial undertaking of this description, at the commencement of its operations, when neither any : large sum representing paid-up share's, ; .nor. the: usual heavy, premium pnv .'such » are required, as m the case, ot most' other financial Companieß .m the Colony ; now carrying on business. 8. The Directors^ill consider each, application for shares on its merits, and ' willraliot accordingly ■-: but they reserve ; the>rigl\t to refuse any- allotment" abso- ; Iqlely.if they shall: think fit. In such J i cases the deposit will be « returned m i&AI/-.* ■■^■■■$- ■:::•:■: :;. :„ .--*■. -^ ■?*>:.. : ' for. shares, may be maTdfe ' ' to the Secretary at Wellington and Pe- . tone, either; directly{ or, Ithrouch the j Brokers of the. Company, or any Agents, i Every; application must be 'accompanied J , by the required deposit, or by a receipt frogi-apy* Branch of the; ColpniaJ Bank ; | for tlie amount of sucK deposit. "A'ppli- ■ c.atiop forms may .be obtained from the I Secretary and Brokers, their Agents, or . . at any Branch "of the Colonial Bank of ! i! New Zealand. • • • ' •-•€! '.{ I ApDlication for Shares will be received i meantime by the Brokers of the Com- . pany*' ' ' " ■ " .. . . :'.' ; ' ■'.- : ! I WILLIAMSON & CO., \ i . . .■: . . Star Chambers,. ! -> 41, Lambtoh-qiiay,' Wellington. ! ■ . - ■ ' , ■ i I VTIAU p O Q U AY, WAN GA N UI. |t you desire to purchase a House, you ; should apply to Pollard & Sinies Kyou desirjs to purchase a' Faring you 1 should apply to Pollard & Siin^B If you desire to purchase a few acres of land, ybu should apply to Pollard & SinieSi v t ..-■.,■ „ , >c « It yon desire ■ to purohase, by .saje or otherwise, you* should apply to . Pollard & Simes. If ypii wish to dispose of your . house, j". lands, &c, you should apply to ". Pollard & Simes. If you desire to lease, or let on lease, * 'Farms, you should apply/ -to : ; Pollard & Siraes. If you have anything to sell or dispose •j\ of, consult Pollard & Siraes. If you wish to Exchange Goods, send them through Pollard & Sinies, Exchange and Mart. If you ( want good Servants, you should ' call on Pollard & Simes. , ; If Servants and others require good 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 & , r ~" : - ■• '"' • .._:..'.... .„.. If yotrwißh to jforwjjrd parcels to any - fvpftri; of the worldj'forward through ;,'j^ ; JPpllard ,& Siraes. , -.. -■■>%■ ifyo^ wish missing friends traced, and private enquiries made, call <bn :} ■ rbnard&Biraeß.'' ' If you ! wi6h to inspect^Next-of-Zin-Register, call on Pollard & Simes. If you want goods Dyed on shortest notice, call on Poljard and Simes. ; It you want you r rents or debts collected, , . call on Pollard & Rimes. ,*' If you want, cheap advts. m any part of ■ NeW Zealand call on Pollard '& : Biirie»^ . . .\ •;■ '; [ : :;;:^ ; r In ebo'rt, if you wint' iriy Commission .Business transacted, place yourself Jn. communication with PQLLABD4SIMES,

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MS18860617.2.30.4

Bibliographic details

Manawatu Standard, Volume XII, Issue 1736, 17 June 1886, Page 4

Word Count
1,262

Page 4 Advertisements Column 4 Manawatu Standard, Volume XII, Issue 1736, 17 June 1886, Page 4

Page 4 Advertisements Column 4 Manawatu Standard, Volume XII, Issue 1736, 17 June 1886, Page 4

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