THE PETONE AND HUTT BUILDING AND INVESTMENT COMPANY (LIMITED.) jßegistbreu 12th MAY, 1886, under " The Joint Stock Companies Act, 1882." ' Ji nng the liability^ -the shareholders to the value ot their shares.) CAPITAL .' £50,000 In 5000 Shares ofjSIO Each Payable as follows : — 2s 6d per share on applicacation, 2s Cd on allotment, and 2s Gd 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 tne Directors may ap- j point. No notice of instalments given to share- , 'holders, . ■ ....-.) •. , Directors: •? ■ Edward Barber, Esq., settler; Petone Charles F. Bcatson, Esq., architect, Civil Service, , r Hutt. -\- , George Carter, Esq., builder, Petone ■ James 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 FBOM MEMORANDTJM OP AS- . : SOCIATION. Thje 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 Kjew'^fealand, repayable on such terms by instalments or , otherwise as may be , agreed on with the borrower jarid subject to' such bye-laws -and' other 1 regulations of the Company as maybe made affecting the same. (b)« The granting of loans on the security of sheep, wool, cattle, flax, 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 treehold and leasehold property m the said colony. . (d). The borrovring and raising of any sum or sumsof money for the purposes of the company, ' from-' any person or persons, for any period or periods, and either by receiving the same on de-' posit, or by the issne of debentures, or by the giving of a mortgage over any property of the- company, ot 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 instalments/any sum of money as may be agreed I upon\ ... ' • (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, <tc, &c. . ' THIS Company will combine the advantages derived from the experience of many other similar and successful institutions now^ Working m the 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 countiy, by means of. easy periodical repayments which lqave 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 sura, 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, generally, to encou rage m every possible wayconsistent with sound security— members m the direction of thrift and indepebden,ce, by enabling them readily to' pcquire property, and particularly to obtain^ a^comtortahle freehold home. it(> 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 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 iv the district. 7. Also, that they will appreciate the privilege of obtaining admission as shareholders to * 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 ot most other financial 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 reservp the right to refuse any allotment absoliiteiy |f they shail think fit. In such) cases the deposit will be returned m ''Applications for shares, may be made to the Secretary at Wellington and Petpnei either directly, or- throuehi [the Brokers of the Company, or any Agents, r 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 Sejcrjtary and Brokers, their Agents, or at any Branch of the Colonial Bank of New Zealand. ApDlieation for Shares will be received meantime by the Brokers of the Company. WILLIAMSON & CO.i, ! Z_ Star Chambers, 41, Lambton-quay, Welhugton. ■• ■ > ' ■ r ■■ '■ ■. ...... rfIAUPO QUAY, WANG ANUI. it you desire to purchase a House, you v should apply to Pollard & Siines If you desire to purchase a Farm, you should apply to Pollard & Simis If you desire to purchase a few acres of land, you should apply to Pollard & Siines. V yon desire to purchase, by sale or *y otherwise, you should apply to ' Pollard & Simes. X you wish to dispose of your house, lands, &c, you should /apply to Pollard &Siraes. If yon desire to lease, or let on lease, Farms, you should apply to Pollard & Simes. 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, you 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 furni- > ; ture etc., valued, you should call on . mPollard & Simes. irySu wish to. send Parcels to any part of New Zealand at Cheap Rate-a, forward them through Pollard.& Sitnev, If you wish to forward parcels to any ; part of the world, forward through V?oUard Mmesr : , * Ilyou wish riiißsing friends traced, and private enquiries made, call on " Pollard Agiines. ; If you wish to inspeofc Next.of.Kin* Begiuter, call on Pollard & Si met. If you want Roods Dyed on shortest notion, call on Pollard and Simes. It you want your rente or debts collected/ cull on Pollard ft Rimes. If ypy want ohfhip advts. m nny part of New Zealand call oq PolUrd ft SinicPi ' In (^w»iiiQ»tlpti with
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Bibliographic details
Manawatu Standard, Volume XII, Issue 1743, 25 June 1886, Page 4
Word Count
1,240Page 4 Advertisements Column 5 Manawatu Standard, Volume XII, Issue 1743, 25 June 1886, Page 4
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