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TEE PETONE AND HUTT BUILDING AND INVESTMENT COMPANY (LIMITED.) Registered 12th May, 1886, under "The Joint Stock Companies Act, 1882."- ■ Liin ng the liability of the shareholders to the value of their shares.) CAPITAL £50.000 IN 6000 Shares op;£10 Each Payable as follows:— 2s, 6d per. share onapplicacation, 2s 6d on allotment, and 2s 6d per share t thereafter, payable monthly, for 38 successive . months (if required), and on the first Mondny • of svery month, until £6 per share is paid ; the balance (if required) as the Directors: J m»y appoint. No notice of instalments given to share- . , holders, i Directors : Edward Barber, Esq., settler, Petone . / Charles F. Boatson, Esq., architect, Civil Service, k Hutt. . George Garter, Esq., builder, Petone . James Hector, Esq., M.D., C.M.G., Petone. , J.SR. Johnston, Esq., timber merchant, Petone Wi J.,Kirk, Esq., Civil Service, (Chairman Petone Town Board) Petone . • Thomas Mason; Esq:, settler, Taita,' Hutt BANKERS; - The Colonial Bank of Ne\» Zealan Secretary : Mr G. Bell Williamson. SOLICITORS: : " Brokers: : Messrs Williamson & Co. BXTBACTS FROM MEMORANDTTM OF AS-. . „.... SOCIATION. 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 Now Zealand, repayable on such terms by instalments or otherwise as may be agreed. <5n .with the borrower, and subject to such bye-laws and other regulations of the Company as maybe made affecting tnesame. ■ ' ■ ■ ■■• .. (b). The granting of lpaus on the security ofsheepj wool, cattle, flax,.agricultural produce? and cither personal property generally; but. npt the making of advances or loans on or by discounting' bills of exchange or promissory notes, nor the granting advances or loans.upou any security not herein generally' subscribed as a proper subject for advances or loans. ' . •..■ (c). The,purchasing, selling, exchanging, holding, leasing, arid disposing of freehold 'and leasehold . property m the said colony. (d). The borrowing and raising of any sum or sums of moiiey 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 th'e issne of debentures, or by the- giving of over any property of the company, or by transfer by way of mortgage of any '• securities to the company, and the paying . of m? : terest 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 tlie paying to Bucli persoa or ptrsons at the expiration of any fixed period, commencing from' tLe payment of the first of such instalments, any sum of money as may bo agreed ' upoii. • (t)i 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, &c, &c. ] /..' : •;•' ■.'. :■ •.. ' : :'*..'■' ' '.:■!'■■ , jThis Company will combine the advantages derived from the experience of many other similar and successful in-' stitu'tions now working m the colony. , The general principle aimed ■« at '-.is, that' the interests of all concerned shall be purely reciprocal ; the main features f tieirig,T7 . . .'.;-,'.' . ■-.'.;'■ ;.',,,. l.[ To /.provide capital whereby residents and others will be enabled to acquire property, freehold or leasehold, m town or countiy, by means of easy, peri-; odical. 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 f progrens-pay ments or m a lump sum, by instalments, or at the expiration of a fixed period of years. 3. To receive deposits, and to afford a safe and profitable inveatinent 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, to encourage m every possible way— consistent with sou ud Becurity— members m the direction. of thrift and iode-? 'pen'denc T ej*by' ) enatilin*g*tfiem re'adily'to^ acquire property, and particularly to obtain a comtortable freehold home. -, -5. ;■ It must be obvious to every resident, and te every observer of the extraordinary progress, of these, localities, that this Company will provide for an absolute and urgent necessity which ex- . iets at the present time. . ' ■'' 6. It is consequently ; believed that the. residents, and the public generally, •'will warmly, welcome and support the advent of ,siich an institution, the first id tlie district. ..'.-..'' -.'. ..".., .''[■"' '■'*', ' 7. ; jSSIso, ,that' they will appr^ciaVe the' privilege 'of * obtaining admission* ntr shareholders to n financial' undertaking of this description, at the commencement of its operations, when, neither any; large sum. representicg paid-up shares,, nor the usual heavy;: premium on .such are required, as m the case or.-, most other financial Companies m the; Colony now carrying on business. 8. The Directors will consider each application Jior share's on its merits, and (will allot accordingly, but they reserve the, right to, refuse; any, allotment' abso- ( liilely :if they shall think fit. In suJDh •* cases the deposit will be; returned /m ■full/ ; _'''■ '.•"■.'.', •' "•,'■';.' '/.''■ '" ■ Applications for shares, may be made to thejSHcretary at Weflihgtbn and !Petone, {either dtre^ly^foV^throuirh the Brokers of the Company, -.or Sny Agents, r Eye^y application rndst be accompanied by the' required deposit,; or . by v a receipt : from any Branch ofi'the Colonial Bank for tho araouut of such deposjt. Appli-. .cation forms may be obtained^from the >Slofetary and. Brokers,' their Agents, or , at any ' Branch of the ' Colonial Bank of New Zeal.4ndl i '• f)'< .i . ; '- *.i ' A. ; • ApDlieation for Shares will be received meantime by the Brokers of the Company. ! WIIMiAMSPN>«6 Cd., , ; ; ' i ■ ' Star Chambers, 41, Lambtpn^quayf, Wellington, > . ' ' ; X. 1. ./:'■ O . • M >'"'« ■ - ■ ■'' '< nnAU p'g^ Fa y^W' a Ntr k n tit _L : >. . ,\~^Y" \\ ..*. , .., , jt you desiije'^o-; purchase a House, iyoti shduld apply to Pollard & Simes If you desire to purchase a' Farm, you -• should apply to-Pdllard^Siin^i.'.i' If you desifeto 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 & Siraes. If you Wish to dispose of ; your house, i lande, &c, you should ' apply to Pollard & Simes. If you desire to lease, or let on lease, Farms, <you should apply> to i Pollard & Siraes/ ; >%W If y.ou ha^e anything to sell or dispose of, consult Pollard & Siraeß. '"" If yon wish to Exchange Goods, send themX through^ ' :• Pollard & Simes, ; . Exchange' ara-'Mart;^ -^■"-■^■»s lfcß .J/ If you want good Servants, you should call on Pollard & Simes. ''' s : • 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 oall on Pollard & $fjhe.B. < \ H \J {,- If you wish to send Parcels to any part ;/. of New Zealand at Cheap Rates, forward them through Pollard & Simeß. , If you wish to forward parcels to any _ rplart of the world, forward through 'Pollard & Sjtnes., ..,,....,,-,, If you wish Tiiieeing frionda traced, and' „ a private enquiries- made, oall. on If you wish to inspect Naxt-of.Kin-s Register, oall on Pollard & Simes. If you want goods Dyed on shortest notice, oail on Pollard and Simes. It you want your rents or debts collected, „ call on P.oljiard &. Singes. , , , If you want cheap idVts.in-'any part of Siroeß, " „..,,, lo ihort, if yon want any " Obramfwfon Buainees trftnsaoted, pluct yoqnelf iv rpmmynjpitiyn with

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MS18860618.2.39.4

Bibliographic details

Manawatu Standard, Volume XII, Issue 1737, 18 June 1886, Page 4

Word Count
1,257

Page 4 Advertisements Column 4 Manawatu Standard, Volume XII, Issue 1737, 18 June 1886, Page 4

Page 4 Advertisements Column 4 Manawatu Standard, Volume XII, Issue 1737, 18 June 1886, Page 4

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