Page 3 Advertisements Column 1

Oamaru Mail, Volume III, Issue 788, 21 October 1878, Page 3

1 JHOSPIiCTUS OF TMK NKW ZEAI LAND LAN l> AND LOAN COMI'ANY (LIMITKU). (To lie incorporated under the Joint Stock Companios Act, 1 Slid.) OA vital ... ... £1,000,000, In 200,000 Shares of £r> each, with power to increase. 100,000 Shaves are proposed to be placed ill Now Zoaland, anil 1(10,001) to bo reserved for subscription in the United Kingdom. Vhoposkp Calls : —2s (id per Share on application ; 2s (id per Share on allotment ; 2s (id per Share two months after allotment ; and 2s (id per Share four mouths after allotment ; six months' notice to be given of any further calls. PitovrsiONAL Directors : Tho Hon. Wm. Hunter Reynolds, of Dunedin, M.L.C. of New Zealand ; the Hon. John Martin, of Wellington, M.L.C. of New /calami; tho Hon. John Ballance, Colonial Treasurer of New Zealand; the Hon. Robert Stout, Attorney-* ieneral of New Zealand; J anion Allen, Esq., of Dunedin ; C. .I alius Toxwiird, Ksq., Surveyor, Wellington ; Thomas Whyte Young, Esq., Merchant, Wellington; JRobcrt Greenfield, K.,-w |., Merchant, Wellington. BAN KJ-:ks : Tho Bank of Australasia. Solicitous : Messrs. Siovwright and Stout, Wellington. Suitvi<. you and Valuator : G. Julius Toxward, Esq., Wellington. Interim Seciuctauy : William Sievwright, Esq., Solicitor, Wellington. Temporary Omcrcs : Lloyd's Rooms, Brandon-street, Wellington. This Company is formed for two objects : Ist, and chiefly.—For lending money at current rates of interest upon the security of landed property situated in New Zealand ; and 2nd.—For acquiring, when deemed advisable, landed property situated in or near to cities or towns, contres 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 /cown 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 tho manner proposed by this Company, and it is one very little occupied. This Company intends to occupy that, field, and to oiler to the public—particularly to farmer-settlers and the working population generally—facilities for acquiring property, and for erecting houses, or ellecting other substantial improvements thereon, on reasonably moderate terms. And the Company can do so profitably to tho shareholders,"whilo at the same time help is given to people who are willing to pay adequately for the advantage and accommodation tillered. 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 over the Colony in the buying of land is that of deterring payment of the price—so much being paid as a deposit when the purchase is made, and tho remainder by bills for instalments, spread over a limited period oi from one to three years, the title being only granted when tho 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 terms than buyers on deferred payments ; and it is certain that, by the exercise of ordinary, cure, a safe and very profitable kind of business can be done by Inlying 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 ako to add to capital. It is not intended to call up more than LI per share, at the outset at least. The promoters consider that, with 10 s. per share paid up the Company may make a fair beginning ; and they confidently anticipate that besides paying a good dividend to the shareholders, tho Directors will also, Injudicious investments 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 bo available soon a considerable amount of money from deposits made by people both aj, Horn 3 and in New I'ealai so that ft liirgo paid-up capital is not necessary. Prospectuses, with forms of application for shares, may be obtained at the Otlice of the Company, or from the bankers at the Wellington Otlice, or at any of the branches, Uiid tho memorandum and articles of association may be seen in the hands of the Secretary. Should no allotmont be made, the deposit will be returned without any reduction. Lloyd's Rooms, Brandon-street, Welling- ! nn, October, IS7S. IWvM OF APPLP 'ATIOX FOR SHARES. iUi. -ic '''in: iwuKC.TOiis or Till- ... '■ ZKA I..VN !' 1 .AXI! AND LOAX COMPANY (LIMITED). lil Vl'irMt-N, •» i v!nV* t«> • u\i* account with .. I he Suu\ <*i l„ In" :i Dep.'sit of *-!s. t'«l. IH-r Share on shares in tho Company, I request- that you will allot inn that number oi Shares ; mul J herein* umlcrliikc til accept, the same or any less number of Shares /hat may lie nllolti.il to mo, anil to pay tho iV.lls m Instalments thereon in terms of your Prospectus, da luil X,imo in full Profession, Occupation, or Quality Address Signature Ditto The ahovo to l>c retainpd by ilio Bankers, and b_\ iliem transmitted to die Company. JUXKKII'S IiKCICIPT. Welliiiirton, IS7S IiKCKIVKD or , , , , ~n ill-count of "The New Zealand Land and l.oal I'oinpanv, Limited," the sum of lVumh. heiliff a Deposit oi Two .Shillings and Sixpence pelShare on Shares in the above Company. For Hank. Thin receipt must he held by tlie Applicant until the Certificates are issued. OS