Page 3 Advertisements Column 3

New Zealand Times, Volume XXXIII, Issue 5478, 17 October 1878, Page 3

Prospectus Prospectus o f th e NEW ZEALAND LAND AND LOAN COMPANY, (Limited), To be Incorporated mider thn Joint Stock Companies Act, ISfiO. 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. fid. per share on allotment; 2s. fid. per share two months after allotment ; and 2s, fid. per share four months after allotment ; six months’ notice, to be given of any further calls. PROVISIONAL DIRECTORS : The Hon. Wm. Hunter Reynolds, of Dunedin, M.L.O, of New Zealand The Hon. John Martin, of Wellington, M.L.C. of New Zealand The Hon. J ohn Ballanoe, Colonial Treasurer of New Zealand The Hon. Robeut Stout, Attorney-General of New Zealand James Allen, Esq., of Dunedin C. Julius Toxward, Esq., Surveyor, Wellington Thomas Whyte Young, Esq., Merchant, Wellington Robert Greenfield, Esq., Merchant, Wellington. Bankers ; The Bank of Australasia. Solicitors : Messrs. Sievwbioht and Stout, Wellington. Surveyor and Valuator ; O. Julius Toxward, Esq., Wellington. Interim Secretary" : William Sievwright, Esq., Solicitor, Wellington. Temporary Offices : Lloyd’s Rooms, Brandou-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 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. This Company intends to occupy that field, and to offer to the public—particularly to farmer-settlers 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. 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 he able to buy property on much more favorable terms than buyers on deferred payments ; and it is certain that by the exorcise of ordinary care a sate 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, he able from time to time, out of profits, to make additional capital. The turn over of capital will he quick, and there will no doubt he 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 he obtained at the office of the Company or from tho Bankers, at the AVellington office, or at any of the branches, and the Memorandum and Articles of Association may be seen in the hands of tho Secretary. Shonlll no allotment he made tho deposit will he returned without any reduction. Lloyd’s Rooms, Brandon-streot, Wellington, October, 1878. I 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 sum of being a deposit of 2s. fid. per Share on Shares in tho 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 he allotted to mo, and to pay tho Calls or Instalments thereon in terms of your Prospectus, dated < 1878. Name in full Profession, Occupation, or Quality Address Signature Date The above to he retained by the Bankers, and by them transmitted to the Company. BANKER’S RECEIPT. Wellington, 1878. Received of on account of “ The Now Zealand Land and Loan Company, Limited,” tho sum of Pounds, being a Deposit of Two Shillings and Sixpence per Share on Shares in tho above Company. For Bank. This receipt must bo held by tho Applicant until the Certificates are issued. THE WELLINGTON CITY TRAMWAY COMPANY (LIMITED). Capital—£so,ooo, in 10,000 Shares of £5 each. 4“—* 4d0,00D of the capital has already been expended for Works, Plant, Rolling Stock, &c. Tho remaining £IO,OOO, with all premiums received from purchasers of shares, will be expended in extending the Lino 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.E.O.P. E. W. Mills, Esq. T. Kennedy Macdonald, Esq. Hon. J. Sheehan, M.H.R. C. W. Sclmltzo, Esq. W. T. L. Travers, Esq. W. Conyers, Esq., C.E. Api’lioations for Unalloied Shares. The Directors of the above Company ui*e prepared to receive applications until tho 21st October, 1878, for A LIMITED NUMBER OF SHARES, payable as follows Deposit on application, 10s. per share „ on allotment, 10a do. do. Balance by calls of not less than 20s. per share, at intervals of not less than three months. Allotment will he made in order of priority of application anil amount of premium offered, and applicants will state the premium they aro prepared to pay, such premium to bo paid on allotment being made, in addition to tho allotment call. Applications for shares, accompanied by tho necessary deposit, maj ho made at the Bank of Now Zealand until tho 21st October, when tho Share List will finally close. Forms of application and all particulars can bo obtained at tho offices of tho Company, Lamhton-quay, and at their hankers, tho Bank of New Zealand. TV.jS. —A large amount of the capital having been subscribed bg the Directors and the other original Shareholders, the number of shares now open far allotment is necessarily limited.