Page 4 Advertisements Column 4

New Zealand Times, Volume XXXII, Issue 5159, 4 October 1877, Page 4

Auctions WEDNESDAY, 10th OCTOBER. At Mr. John Rayner’s, Taita, Hutt. Sale, Without Reserve, of Valuable Milch Cows, Horses, Pigs, Poultry, Drays, Carts, Farming Implements, &0., ~jfyjj~R. J, H. WALLACE is instructed by Mr. John Rayner (who is removing to another part of the colony), to sell, without reserve, on the premises, Taita, Hutt (near Travellers’ Rest), on Wednesday, 10th October, commencing at 12 o’clock noon, the following— Prime milch cows (in full milk) and store cattle, well-bred young horses, dray, spring trap, harness, wellbred pigs, poultry, 4 tons pototoes, and 1J tons seed potatoes, ploughs, harrows, chaff-cutter, and other farming implements, dairy utensils, sundries, and miscellaneous articles of furniture, &c., &c., &c. Will be sold without reserve. Sale will commence at 12 o’clock noon. Refreshments at noon. 2559 ACRES, PORIRHA. MR. J. H. WALLACE is instructed by the Hou. Wi Parata and others to sell by public auction at his saleroom, Hunterstreet Wellington, at an early date, of which due notice will be given—--2559 acres, Taupo, Porirua, bounded on the north by Haukopua; on the west by Motuharie ; on the east by Crown sea; and on the south-east by sections 82, 83, 84, 85, and 86, Porirua Harbor. Plans and particulars at the office of the Auctioneer, Laud and Estate Agency Office, Hunter-street. Wellington, June 20. Public Companies P R O S E C T H S. THE NORTHERN LAND, LOAN, AND BUILDING COMPANY OF WELLINGTON (LIMITED). To be incorporated under the Joint Stock Companies Acts. CAPITAL, £250,000, In 25,000 Shares of £lO each, Of which 10,000 are now offered to the public. It is proposed to call up £5 per Share, as follows, viz.:—Two Shillings and Sixpence per Share on application ; Two Shillings and Sixpence 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.C. Charles J. Johnston, Esq. (Messrs. Johnston and Co.) J. B. Harcodet, 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 arid Blair) J. F. E. Weight, Esq., J.P. Robert Poet, Esq., Wellington William Dawson, Esq. (Messrs. Wm. Dawson and Co.) J. H. Wallace, Esq., J.P. Alexander Johnston, Esq., M.D. Bankers : National Bank of New Zealand. Solicitors ; Messrs. Bailer and Lewis. Managing Director : The Hon. Randall Johnson, M.L.C. Secretary ; 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 company formed under the Joint Stock Companies Acts, having a local directory, and offering wide scope for the employment of capital, is now needed, and will meet with a large measure of success. The present company is accordingly formed, and with the following special objects, viz.: To provide a safe and profitable investment for capital. To receive money on deposit at interest. To grant loans on freeholds and other approved securities. To acquire land. And generally to afford every legitimate facility to both borrower and investor. The directors further intend to offer to the public the same facilities for the erection of buildings as are now offered by existing societies. The share list will close on Wednesday, 31st October, 1877. 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 Prospectus OP THE LION FOUNDRY AND ENGINEERING COMPANY (LIMITED.) Capital, £50,000. In 5000 Shares of £lO each. PROVISIONAL DIRECTORS : Dr. Duller, C.M.G. (Messrs. Buffer & Lewis) R. J. Duncan, Esq., J.P. J. R. George, Esq., O.E. R. Greenfield, Esq. (Messrs. Greenfield and Stewart) J. Henderson, Esq. (Messrs. Brogden & 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. Buffer and Lewis Bankers : Bank of New Zealand. Brokers : 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 Foundry 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 Taylor-street, and 85ft. to Cuatom-House-quay, together with the buildings erected thereon. 2. The leasehold, being sections 146, 147, and 148, of the reclaimed land, having a frontage of 66ft. lOin. to Waring Taylor-street, and 85ft. 7in. to Feather-ston-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, &0., 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 iu cash, on receipt of which sum the business will be handed over to the company. The balance of the purchase money oan be paid at any time within ten yeara, 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, viz.:—los. per share on application ; 10a. on allotment ; and three calls of 20s. per share at intervals of not less than two months, and the balance (if required) after an interval of three or four years in calls not exceeding 20s. per share, nor at less intervals than three mouths. The sum realised by the calling up of £4 per share will be sufficient to pay the half of the purchase-money, and to allow an ample balance for working capital for carrying on the business. The reasons that have induced Mr. Mills to part with tills valuable property are:—l. The