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THE PETONE AND HUTT BUILDING AND INVESTMENT COMPANY (LIMITED.). Registered 12tb MAY, 1886, under " The Joint Stock Companies Act, 1882." -Ja ; ng the liability of the shareholders to the >. ' value of their shares.) CAPITAL; ... ". '• • *60,000 IN 5000 SHARES 0F..£10 EACH Payable a^ follows :— 2s fid per share on applicacation, 2s Gd on allotment, and 2s 6d 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 appoint. No notice of instalments given to share- > holders. : i. ' Directors: ' ■ • Edward ?axber, Esq., settler, Fetone ■ ■ ■*. . Charle3 F. Beatson, Esq., architect, Ciril Serrice, Hutt. George Carter, Esq., builder, Petone • • . Jnmes Hector, Esq., M.D., C.M.G., Petone. J. R. Johnston, Esq., timber merchant, Petone W. J. Kirk, Esq., Civil Service, (Chairman Petone Town Board) Petone Thomas Mason, Esq., settler, Taita, Hutt BANKERS: \ .; The Colonial Bank of New Zealan 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 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-laws and other, regulations til the Company as maybe mode affect;, ing the -same. ' - ■' z '"' > (b). The 1 granting of loans on the security of sheep, wool, cattle, flax, agricultural produce, and ' .other personal property generally ;• D'ut not thr moldhg of advances or loans on or by discounting bills of exchange or promissory notes, nor the grant* ing advances or loans upon any security not herein generally subscribed as a proper snbject for advances or loans.- . (c). The purchasing, selling, exchanging, holding, ] leasing, and disposing of treehold and leasehold property iU the said colony. . (d). Jhe'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 amortgage 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 paying to such person or persons at the expiration of any fixed period commencing from the payment of the first of such instalmen,ts,.any sum of money as may be agreed, upon/, • : (t), The entering into, contracting for, oarrying out, ariaidoing 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, <fee, &c. This Company will combine the advantages derived from the experience of ' mauy other similar and successful in* stitutibns now working m the colony. The general principle aimed .at is, thatftbp interests of all concerned shall be ptfrely reciprocal ; the maiti features ' bein£,~ . ' r '- i lv~; To provide capital whereby, residents: and others will be enabled to acquire"property, freehold or leasehold, iv ; town'or countiy, by means of easy peri- . odieni 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 sum, repayable by instalments, or at the expiration of a fixed period of years. , ' J 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, generally, to encourage m every possible way — consistent with sound security — members m 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 te every observer of the extraordinary progress of these localities,! that this Company will provide for an absolute and urgent necessity which, ex- : ists 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 wilt appreciate the privilege of obtaining admission as shareholders to n 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 the case pi most other financial Companies m the Colony now carrying on business. . : 8. Tne Directors will consider each; application for shares on its merits, and' will allot accordingly, but they reserve ther right to refuse any allotment absolu(ply if, they shall think fit. Yin such , cases the depoßit will be returned m ' fuii.- •=^'^ 1 . ; . •,.;;;, ! . Applications for shares, may be made | to the Svorelary at Wellington and Pc- | tone, either directly, or' through the Brokers of .the^Gompany, or any Agents, i Every application must be accompqnied byfthe 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 Agentß, or at any Branch of the Colonial Bank of: New Zealand.) ":\ ,; : o Apolieation'for Shares will be received ; moantime by the Brokers of the. Company. ; ''--' *'"-' ■ '-J \~: J^b"l WILLIAMSON & CO., .-'': :!.!'. :■ -i.i Star Chambers, ;i 3l»- Lambton-quay , v Welhngtbn. I . ' rjnAUPO QUAY, WANGANUI. it you desire to purchase a House, you should apply to Pollard & Simos - If ybudeaire to purchase,'^ Faring y.ovp should apply to Pollard & Simes If you desire to purchase a few acres of . land, you should apply to Pollard & Simes. P yon desire to purchase, by sale or otherwise, you should apply to Pollard -&* Simes. It you wish to .dispose of your houtie, lands, &c, you should apply to Pollard & Simes. If you desire to lease, or let on lease, /Farms, you should apply to . ,; Pollard & Simes. ■ . fe If yon have anything to sell or dispose '. ■■:■'■ of , consult Pollard & Simes. -- " . If you wish to Exchange Goods, send t ..;::■ them through Pollard & Simee, Exchange and Mart. If you want good Servants, yon should call on Pollard & Simes. lit 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 CUeap Rates, ''. forward them through • Pollard & •^ 'Simes. If you wish to for ward, parcels to any part of the world, forward, through ,'^Pollatd &.Simes. .. ; " : , . fit you wish missing friends traced, and f :■*.' private enquiries made, call on I Pollard & Sillies. If you wish to inspeot Next-of-Km- , Register, call on Pollard & Simes. "If you want goods Dyed on shortest notice, call on Pollard and Simes. It 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 short, if you want any Commission Business transacted,' place yourself itt commßnic«liou with - ? • j ■■*•■■ . j_ ._.__^___

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MS18860624.2.34.5

Bibliographic details

Manawatu Standard, Volume XII, Issue 1742, 24 June 1886, Page 4

Word Count
1,255

Page 4 Advertisements Column 5 Manawatu Standard, Volume XII, Issue 1742, 24 June 1886, Page 4

Page 4 Advertisements Column 5 Manawatu Standard, Volume XII, Issue 1742, 24 June 1886, Page 4

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