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■Prospectus SPEC TU S. OF TH E NEW ZEALAND ' AND LOAN,. COMPANY, (Limited), To be' Incorporated, under the Joint ~Stock, Companies Act.lßfiO. ; CAPITAL ... ' 1..) .'£1,000,000 (In 200,000 Hhares of £5 Vacfi, with power .■ . . ' - to increase)., , ~ •’ 100,000 Shares are proposed to be placed in. New. Zealand, and 100,U0» to be reserved.for subscription in the United Kingdom. Proposed Calm 2s.’ 6d. per Share on application ; 2s. 6d. per shard on allotment", 2s. fid. per share two months after allotment..’; and 2a. .fid. per share four months after allotment ; six months' notice to be given of any further calls. A. . PROVISIONAL DIRECTORS ; The Hon. Wji. Hunter Reynolds, of Dun- | edin, M. L.C. of New Zealand The Hon.’ John Martin, of Wellington, M.L C. of New Zealand The Hon. John Eallanoe, Colonial Treasurer of New Zealand The Hon. Robert Stout, Attorney General of Now Zealand ’■ James Allen, Esq., of Dunedin , C. Julius Toxward, Esq., Surveyor, Welling--ton Thomas Wiiyte Young, 'Esq., Merchant, Wellington Robert Greenfield, Esq,, Merchant, Wellington. Bankers ; The Bank of Australasia. Solicitors : Messrs. Sievwright aad Stout, Wellington. Surveyor and Valuator : ' C. Julius Toxward, Esq., Wellington, i Interim Secretary ; I William Sievwright, Esq., Solicitor, Wel- . . lington. ■ Temporary Offices : ' i Lloyd’s Rooms, Brand on-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 Zealand ; and 2nd, for acquiring, when deemed advisable, landed property situated in nr neir 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. This Company intends to occupy that field; and to , offer to the public—particularly to fanner-settlers and the working population generally—facilities for acquiring, property and for erecting houses, or effecting other substantial improvements, v 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. In no case will money be lent otherwise than upon the security of landed property, a safe margin being always kept. The system which p evails all over the colony in the buying of land is that of deferring payment of the price,—so much being paid as a deposit when the purchase is made, and the remainder by bills for instalments, spread over a limited period of from one to three years, the title being only granted when the price is fully paid up. This Company, in consequence of being in a position to pay in Cash at once, will certainly be able to buy property on much more favorable terras than buyers on deferred payments ; and it is certain that by the exercise of ordinary care a safe and very profitable, kind of business can be done by buying laud and selling again in lots to suit purchasers. It is very well known that Companies in New Zealand having objects similar to those of this Company have been able, notwithstanding, 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 share, at the outset at least. The promoters consider that, with 10s. per share paid up, the Company may make a fair beginning; and they confidently. anticipate that, besides paying a good dividend to the Shareholders, the Directors will also, by judicious investment in lauded property, be able from time to time, out of profits, to make additional capital. 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. i Prospectuses, with Forms of Application for Shares, may be obtained at the office of the Company or from tho 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 made tho deposit will be returned without any reduction. Lloyd’s Rooms, Erandon-streot, Wellington, October, 1878. FORM OF APPLICATION FOR SHARES. TO THE DIRECTORS OF THE NEW ZEALAND LAND AND LOAN COMPANY (Limited). Gentlemen, —' Having paid to your account with the sura of being a deposit of 2s. fid. per Share ou 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 Instalments thereon in terms of your Prospectus, dated • ■■ , 1878. Name in full Profession, Occupation, or Quality Address - Signature , : Date The above to be retained by the Bankers, and by them transmitted to the Company. BANKER’S RECEIPT. Wellington, . 1878. Received op on account of “ The New Zealand Laud and Loan Company, Limited," the,sum of ~ Pounds, being a Deposit of Two Shillings and Sixpence per Share on Shares in the above Company. For 1 Bank. Thia receipt must be held by the Applicant until the Certificates are issued. r BUIE WELLINGTON . CITY TRAMi. WAY 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 Bolling Stock and Plant.; ~, ■ ; Directors : Edward Toomath, Esq., Chairman. John Henderson, Esq., C.E. Robert Greenfield, Esq. Henry Maoe, Esq. H. W. Diver, Esq,, M.R.C.P. E. W. Mills, Esq. T. Kennedy Macdonald, Esq. Hon. J. Sheehan, M.H.R; O. W. Sohultze, Esq. .W.T. L. Travers, Esq. , ’ W. Conyers, Esq., C.E. Applications fob Unalloted Shares. The Directors gf 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 „ oh allotment) 10s. do. do, ‘ Balance by calls of not leas than 20a. por share, at.l 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 tho Bank of New Zealand until the 21st October, when tho Share List will finally close. Forms of application and all particulars can lbo obtained at the offices of tho' Company, I Lambton-quay, and at their bankers, the Bank j of New Zealand. ! jV.i’.—A 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* R Q LAND PENN A TO HARRY, SMlTH,—Please eeud mo your address at once. . All well hero. Add Toss simply to Monmouth;

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/NZTIM18781015.2.21.3

Bibliographic details
Ngā taipitopito pukapuka

New Zealand Times, Volume XXXIII, Issue 5476, 15 October 1878, Page 3

Word count
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1,223

Page 3 Advertisements Column 3 New Zealand Times, Volume XXXIII, Issue 5476, 15 October 1878, Page 3

Page 3 Advertisements Column 3 New Zealand Times, Volume XXXIII, Issue 5476, 15 October 1878, Page 3

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