Page 4 Advertisements Column 4

New Zealand Times, Volume XXXII, Issue 5158, 3 October 1877, Page 4

Auctions SATURDAY, 6th OCTOBER. Sale of Drapery. GEORGE THOMAS will sell by public auction, on Saturday, 6th October, at his hew auction rooms date Vennell’s), a quantity of drapery, consisting of— Grenadines, prints, figured muslins, batistes, check dress stuffs, &c. Terms cash. No reserve. MARCH sth, 1878. - PRELIMINARY NOTICE. THE DOUGLAS SPECIAL SETTLEMENT BLOCK. LAND ON DETERRED PAYMENT IN THE MANAWATU DISTRICT. AT BULL’S, RANGITIKEI. JOHN STEVENS has received instructions from Messrs. Douglas and Company to sell by public auction— About fifty sections of rich land, ranging in extent from 50 to 200 acres each, and situate in the moat central positions in the Manwatu District. The land will be accessible by roads which are now being constructed. • : Full particulars in a future advertisement. JOHN STEVENS, Auctioneer,. Bull's, Rapgitikei, Wellington. Public Companies jpROSP E C T u a THE NORTHERN LOAN AND BUILDING SOCIETY OF WELLINGTON, To be incorporated under the Building Societies Actj 1876. CAPITAL, £IOO,OOO, In 10,000 Proprietary Shares of £lO each. On which it is proposed to call up £5 per Share as follows, viz.:—Five Stuffings per Share on application ; Five Shillings per Share on Allotment, and the remainder by instalments of Two Shillings and Sixpence each, at intervals of one month. ■ PROVISIONAL DIRECTORS : The Hon. Randall Johnson, M.L.O. Charles J. Johnston, Esq. (Messrs. Johnston and Co.) J. B. Harcourt, Esq. (Messrs. A. P. Stuart and Co.) Duncan Sinclair, Esq. (of Wainuiomata) J. S. M. Thompson, Esq. (Messrs. Thompson, Shannon, and Co.) Charles Tringham, Esq. J. R. Blair, Esq. (Messrs. Lyon and Blair) J. F. E. Wright, Esq., J.P. Robert Port, Esq., Wellington William Dawson, Esq. (Messrs. Wm. Dawsonand Co.) J. H. Wallace, Esq,, J.P. Bankers : National Bank of New Zealand. Solicitors ; Messrs. Buffer and Lewis. Manager: The rapid growth and increasing prosperity of the city of Wellington and its Country Districts during the past few years warrant the opinion that a Loan and Building Society, formed under the Building Societies Act, 1876, and affording wider scope for the employment of capital than is offered by existing societies, is now needed and will meet with a large measure of success. The present society is accordingly formed, and with the following special objects, viz.: — To provide a sate and profitable investment for capitalists; to receive money on deposit; to grant loans on freehold and approved leasehold property; to assist persons in the erection of dwellings, and generally to afford every legitimate facility to both borrower and investor. It is intended that the operations of the society shall embrace the whole of the Wellington Provincial District; and with this object the necessary agencies will be established. Availing themselves of the powers conferred by the Act of 1876, the promoters propose that the shares shall be of two classes ;

First, Proprietary ’ Shares, the holders of which, forming the governing body of the society, will be entitled to their yearly dividend proportioned to the profits realised by the society, in like manner as the shareholders in an ordinary Joint Stock Company. Ten thousand such shares, of the value of £lO each, shall form the capital of the society; but it is not intended at present to call up more than £5 per share, by payments as follows : —ss. on application; ss. on allotment; and monthly payments thereafter of 2s. 6d. per share. , Second,. Investment Shares. —These shares will be issued from time to time, and will be similar in kind to the investment shares in existing building societies. They will entitle the holder to an amount of £SO or £25 on the completion of payments made in accordance with tables to.be from time to time published by the society. The share list will close on Wednesday, 31st October, 1877. I For further information and also for forms of application, apply to J. H. WALLACE, Esq., Hunter-street, Wellington; or to THE NATIONAL BANK OF NEW ZEALAND, Wellington and Country Branches or Agencies SOSRE C T U~ S OK THE LION FOUNDRY AiSD ENGINEERING COMPANY (LIMITED.) Capital, £50,000. In 5000 Shares of £lO each. PROVISIONAL DIRECTORS : Dr. Roller, C.M.G. (Messrs. Roller & Lewis) R. J. Duncan, Esq., J.P. J. R. George, Esq., C.E. 11. Greenfield, Esq, (Messrs. Greenfield and Stewart) J. Henderson, Esq. (Messrs. Rrogden & Sons) F. A. Krull, Esq. (Messrs, Krull and Co.) E. W. Mills, Esq. J. S. M. Thompson, Esq, (Messrs. Thompson, Shannon, and Co.) W. T. L. Travers, Esq., M.H.R. (Messrs. Travers, Ollivier and Co.) J. F. E. Wright, Esq., J.P. Andrew Young, Esq. Solicitors ; Messrs. Duller and Lewis Rankers : Rank of New Zealand. Rrokeus : Messrs. Zohrab, Knocker, and Co. This company has been projected for the purpose of buying, and afterwards carrying on, the business of Mr. B. W. Mills’s Lion Eoundry and Engineering Works. The property consists of the following:— 1. The freehold, being sections 149, 150, 151, and 152, of the reclaimed land, having frontages of 130 ft. to Waring Tayior-street, and 85ft. to Cuatom-House-quay, together with the buildings erected thereon. 2. The leasehold, being sections 146, 147, and 118, of the reclaimed land, having a frontage of 66ft. lOiu. to Waring Taylor street, and 85ft. 7in. to Feather-aton-street. The lease has a currency of thirty-eight years, at a total annual rental of £49 9s. 6d. for the first seventeen years, and an increase of 50 per cent, for the remaining twenty-one years.. 3. The whole of the plant, including engines, machinery, tools, &c., and the goodwill of the business. The whole of the property, as above described, is to be purchased by the company for, the sum of £25,000, half the purchase money to be paid in cash, on receipt of which sum the business will be handed over to the company. The balance of the purchase money can be paid; at any time within ten years, and is to bear interest at the low rate of 7 per cent, per annum until paid off. . } .It is proposed to allot only 4000 shares at present, and to keep in reserve the balance of 1000, and to call up £4 per share on the shares allotted as,follows,, yiz.:—lo% per share on application; 10s. on allotment; and three calls