Page 3 Advertisements Column 4

New Zealand Times, Volume XXXIII, Issue 5479, 18 October 1878, Page 3

"Prospectus Prospectus 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 2a. fid. per Share on application ; 2s. 6d. per share on allotment; : 2s. 6d. 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. Wsi. Hunter Reynolds, of Dunedin, M.L.C. of New Zealand The Hon. John Martin, of Wellington, M.L.C. of New Zealand The Hon. John Ballanoe, Colonial Treasurer of New Zealand I The Hon. Robert 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. Sibvwright and Stout, Wellington. Surveyor and Valuator : C. Julius Toxward, Esq., Wellington. Interim Secretary ; William Sibvwright, Esq., Solicitor, Wellington. Temporary Offices : Lloyd’s Rooms, Brandon-street, Wellington. The Company is formed for two objects : • Ist and chiefly, for lending money at current tatea of interest upon the security of landed property situated within the Colony of New Zealand ; and 2nd, for acquiring, when deemed advisable, lauded property situated in or near to cities or towns, or centres of population, in the Colony of Now Zealand, and thereafter soiling it again in whole or in lots as may suit purchasers. With a fast increasing population both iu 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 ihvestment of money iu 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 te people who are willing to pay adequately for the advantages and accommodation offered. In no case will money bo lent otherwise than upon l the security of landed property, a safe margin being always kept. The system which prevails all 1 over the colony iu 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 iu Cash at once, will certainly be able to buy property on much more favorable terms 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 land 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 landed 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. . . Prospectuses, with Forms of Application for Shares, may he 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 made the deposit will be returned without any reduction. Lloyd’s Booms, Brandon-street, Wellington, October, 1878. FORM OF APPLICATION FOR SHARES. TO THE DIBBOTOBS 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 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 Data The above to be retained by the Bankers, and by them transmitted to the Company. BANKER’S RECEIPT. Wellington, 1878. Received of on account of “ The New Zealand Land and Loan Company, Limited,” the sum. of Pounds, being a Deposit of Two Shillings and Sixpence per Sharo on Shares iu tho above Company. For Bank. This receipt must be 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, &o. The remaining £IO,OOO, with all premiums received from purchasers of shares, will be expended in extending tho Line and in additional Rolling Stock and Plant. Directors : Edward Toomalh, Esq., Chairman. John Henderson, Esq., O.E. Robert Greenfield, Esq. Henry Mace, Esq. H. W. Diver, Esq., M.R.O.P, E. W. Mills, Esq. ■ ■ T. Kennedy Macdonald, Esq. Hon. J. Sheehan, M.H.B. O. W. Sohultze, Esq. W. T. L. Travers, Esq. W. Conyers, Esq., C.E. Applications for Unalloted Shares. The Directors of tho above Company are prepared to receive applications until the 21st October, 1878, for A LIMITED NUMBER OF SHARES, payable as follows : Deposit on application, Ifts. per sharo „ 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 he 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 bo made at the Bank of Now Zealand until tho 21st October, when the Sharo List will finally close. Forma of application and all particulars can bo obtained at tho offices of the Company, Lambton-quay, and at their bankers, the Bank of New Zealand. , jv.B.—A large amount of the capital having been subscribed by the Directors and the other original Shareholders, the number of shares new •pen for allotment is necessarily limited.