Page 3 Advertisements Column 3

New Zealand Times, Volume XXXIII, Issue 5474, 12 October 1878, Page 3

Prospectus PEOSPECTUS'OF THE NEW ZEALAND LAND AND LOAN COMPANY, (Limited), To be Incorporated under the Joint Stock Companies Act, 1860. CAPITAL £1,000,000 . (In 200,000 Shares of £5 each, with power to increase). 100,000 Shares are proposed to be placed in New Zealand, and 100,000 to be reserved for subscription in the United Kingdom. Proposed Calls :—2s. 6d. per Share on application ; 2s. 6d. per share on allotment ; 2s. 6d. per share two mouths after allotment; and 2s. 6d. per share four months after allotment ; six months’ notice to be given of any further calls. PROVISIONAL DIKED TORS : The Hon. Wm. Hushed Reynolds, of Dunedin, M.L.C. of New Zealand The Hon. John Mamin, of Wellington, M.L.O. of New Zealand The Hon. John Ballanoe, Colonial Treasurer of New Zealand The Hon. Robert Stout, Attorney-General of New Zealand James Allen, Esq., of Dunedin C. Julios Toxwaed, Esq., Surveyor, Wellington Thomas Whyte Young, Esq., Merchant, Wellington Robert Greenfield, Esq., Merchant,) Wellington. Bankers : 1 The Bank of Australasia. Solicitors ; Messrs. Sievwriqht and Stout, Wellington. Surveyor and Valuator : C. Junes Toxward, Esq., Wellington. Interim Secretary : William Sievwright, Esq,, Solicitor, Wei- , lington. Temporary Offices : Lloyd’s Rooms, Brandon-street, Wellington. The Company is formed for two objects : Ist and chiefly, for lending money at current rates of interest upon the security of landed property situated within the Colony of New ZerJand ; and 2nd, for acquiring, when deemed advisable, landed property situated in or near to cities or towns, or centres of population, in the Colony of New Zealand, and thereafter selling it again in whole or in lots as may suit purchasers. With a fast increasing population both in town and country, a very fine climate, and land of great fertility opened up by the construction of roads and railways, there is an almost inexhaustible field for the profitable investment of money in the manner proposed by this Company, and it is one very little occupied. Th : s Company intends to occupy that field, anV to offer to the public—particularly to farmer-cett’ers and the working population generally—facilities for acquiring property and for erecting houses, or effecting other substantial improvements thereon, on reasonably moderate terms. And the Company can do so profitably to the Shareholders, while at the same time help is given to people who are willing to pay adequately for the advantages and accommodation offered.

I In no case will money be lent otherwise | than upon the security of landed property, a ! safe margin being always kept, | The system which prevails all *ovev the j colony in the buying of land is that of deferi ring payment‘of the price,—so much being I paid as a deposit when the purchase is made, ; and the remainder by bills for instalments, i spread over a limited period of from one to i three years, the title being only granted when I the price is fully paid up. This Company, in I consequence of being in a position to pay in ; Cash at once, will certainly be able to buy I property on much more favorable terms than ! buyers on deferred payments ; and it is certain I that by the exercise of ordinary care a safe 1 and very profitable kind of business can be i done by buying laud and selling again in lots | to suit purchasers. ! It is very well known that Companies in I New Zealand having objects similar to those t of this Company have been able, notwithatand--1 ing very limited resources, not only to pay ■ large’ dividends, but also to add to capital. ! It is not intended to call up more than £1 | per shave, at the outset at least. The pro--I motors consider that, with 10s. per shave paid ! up, the Company may make a fair beginning; ■ and they confidently anticipate that, besides [ paying a good dividend to the Shareholders, j the Directors will also, byjudicious investment ! ia landed property, be able from time to time, ! out of profits, to make additional capital. I The turn over of capital will' be quick, and there will no doubt be available soon a considerable amount of money from deposits made by people both at Home and in New Zealand, so that a large paid-up' capital is not necessary. Prospectuses, with Forms of Application for Shares, may bo obtained at the office of the Company or from the Bankers, at the Wellington office, or at any of the branches, and the Memorandum and Articles of Association may be seen in the hands of the Secretary, Should no allotment be macie the deposit will be returned without any reduction. Lloyd’s Rooms, Brandon-street, Wellington, October, 1878. FORM OF APPLICATION FOR SHARDS. TO THE-DIRECTORS OF THE NEW ZEALAND LAND AND LOAN COMPANY (Limited). Gentlemen, — Haviug paid to your account with • the sura of being a deposit of 2s. fid, per Share on Shares in the above Company, I request that you will allot me that number of Shares ; and I hereby undertake to accept the same or any less number of Shares that may be allotted to me, and to pay the Calls or Xnstalmeuts thereon in terms of your Prospectus, dated 1878. Naire in full Profession, Occupation, or Quality Address Signature Date The above to bo retained by the Bankers, and by them transmitted to the Company. BANKERS RECEIPT. Wellington, 1878. Received of on account of “The New Zealand Laud and Loan Company, Limited,” the sura of pounds, being a Deposit of Two Shillings and Sixpence per Share on Shares in the above Company, For Bank. This receipt must bo held by the Applicant until the Certificates are issued. HE WELLINGTON CITY TRAMWAY COMPANY (LIMITED). Capital—£so,ooo, in 10,000 Shares of : £5 each. £40,000 of the capital has already been expended for Works, Plant, Rolling Stock, &c. The remaining £IO,OOO, with all premiums received from purchasers of shares, will be expended in extending the Line and in additional Rolling Stock and Plant. Directors : Edward Toomath, Esq., Chairman. John Henderson, Esq., C.E. Robert Greenfield, Esq. Henry Mace, Esq. H. W. Diver, Esq., M.R.C.P. E. W. Mills, Esq. T. Kennedy Macdonald, Esq, Hon. J. Sheehan, M.H.R. C. W. Schultze, Esq. W. T. L. Travers, Esq. W. Conyers, Esq., C.E. Applications for Unalloted Shares. The Directors of the above Company are prepared to receive applications until the 21st October, 1878, for ' A LIMITED NUMBER OF SHARES, payable as follows : Deposit on application, 10a. per share „ on allotment, 10s. do. do. Balance by calls of not less than 20s, per share, at • intervals of not less than three months. Allotment will be made in order of priority of application and amount of premium offered, and applicants will state the premium they are prepared to pay, such premium to be paid on allotment being made, in addition to the allotment call. Applications for shares, accompanied by the necessary deposit, may be made at the Bank of New Zealand until the 21st October, when the Share List will finally close. Forms of application and all particulars can be obtained at the offices of the Company, Lambton-quay, and at their bankers, the Bank of Now Zealand. • jy,B. J large amount of the capital having been subscribed by the Directors and the other original Shareholders , the number of shares now open for allotment is necessarily limited. PENNA: TO HARRY SMlTH—Please send mo your address at once. All well here. Address simply to Monmouth.