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TSE PETONE AND HUTT BUILDING AND IN- 1 VESTMENT COMPANY (LIMITED.) Registered 12th MA.V, 1886, under " The Joint Stock Companies<Act, 1882." 14 XL Qg the liability of the shareholders to the ' ' ' value of their shares.) CAPITAL «. £50.000 In 6000 Shares op.'£lo Each Payable as follows :— 2.s 6d per share on applica■catibh,' 2s 6d on allotment, and Ss 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 apSoint. No notice of instalments given to than- . bldefs, > ■ 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., 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: " ' 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 tlie.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 of the Company as maybe made affectlug the same. „''!.;• • ' ; - • '. ■'■'■■ \ (b). The granting of loans on the security of sheep, wool, cattle, flax, agricultural produce, and other personal property generally ; t>ut not the niaking of advances or loans on or by discounting bijls 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 oi treehold 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 issue of debentures, or by the giving of a mortgage over any property of the comI pany, or by transfer by way of mortgage of any 1 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 suclrrimbuhtas 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 bo agreed 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, Ac, &c. . This Company wilt 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, ' li To provide capital whereby residents and others will be enabled to acquire property, freehold or leasehold, m town or country, by means of easy periodiqal repayments which leave a reasonable margin of profit to the Company, whiio 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. 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 membera on the value of their shareß ; and, generally, to encourage m every possible way— consistent with sound aeciirity— members m the direction of thrift and inde- . pendence, by enabling them readily to ■ acquire property, and particularly to ob? tain a comfortable freehold home. , 5. It must be obvious to every resident, 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 9 financial undertaking of this description, at the commencement of its operations, when neither any large sum repreaenticg 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 reserve the tight to refuse any allotment absolutely if they shall think fit. In such) cases the deposit will be returned m ■■full.; ) ' ■■: Applications for shares, may be made to the Secretary at Wellington and Pe-^ tone/ either djrecjtly, or through) the I Brokers j&f the Company, or any Agents. Eye rjft application most be accompanied by the required deposit, or by a receipt from. any. Branch of the Colonial Bank for tbe amount of such deposit. Application forms may be obtained from the .Secretary and Brokers, their Agents, or ■' 'at any Branch of the Colonial Bank of New, Zealand. ■■ Apolieation for Shares will be received meantime by the Brokers of the \ Company. WILLIAMSON & CO., ; Star Chambers,' 41, Lambtoh-quay, Wellington. [;-■ .'..; ' . '■•■ ." " "-. npAUPO QUAY, WANG A*N W jt you desire to purchase a House, you should apply to Pollard & Simes If,you desire to purchase a Farm, yon > : should apply to Pollard & Sim^s If you desire to purchase a few acres of land, you should apply to Pollard & Simeß. •" ,-.. , : , P Yondeßire to purchase, by sale or otherwise, you should apply to Pollard &Simes. If you wish to dispose of your house, 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 of, consult Pollard & Simes. If you wish to Exchange Goods, jend them through Pollard & Simes, Exchange and Mart. If you want good Servants, yon should call on Pollard & Simes. If Servants and others require good situations, they should call on Pollard &, Simes. If you want Jto buy or sell a business of any description, or have your furni- . , ture 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 & •• .Simes. ; '•""' •■■■ ; . ; • I? you wish to forward parcels to any part of the world, forward through Pqlfard & Siraes. If you wiihj missing friends traced, ariH priT^e- enquiries made, ball on Ppllfkfa & Sunw. : If you Vi*h to inonect Next.of-Kjn-Reginter, oall on Pollard & Simei. If you want goods 'Dyed on ehorteit notion, call on Pollard and Siines/ : ' 1 It you. want your rants or debts collected, call on Pollard * Siuiß«, If you waut chflop advlfl. m any part of f Now Zetland o«ll oo Pollard * .. • B|catl|( • ; ■ ....-..: ....■ In fliori, if you want any Oomrolißlrin

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MS18860626.2.31.5

Bibliographic details

Manawatu Standard, Volume XII, Issue 1744, 26 June 1886, Page 4

Word Count
1,240

Page 4 Advertisements Column 5 Manawatu Standard, Volume XII, Issue 1744, 26 June 1886, Page 4

Page 4 Advertisements Column 5 Manawatu Standard, Volume XII, Issue 1744, 26 June 1886, Page 4

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