Page 3 Advertisements Column 4

Oamaru Mail, Volume III, Issue 791, 24 October 1878, Page 3

TENDERS TO BUILDERS. TENDERS will be received up to 5 p. in. on THURSDAY, 24th INST., for EjRECTIOijr OF DWELLING - HOUSE (Wood). Plana and Specification a to be seen at Office of Undersigned Lowest or any tender not necessarily accepted. JAMES JOHNSTON, Of) Architect. PROSPECTUS Prospectus of the new zeat.ANO LAMD AND LOAN ' COMPANY (Limited). (To be incorporated under the Joint Stock Companies Act, JSfiO.) Capital ... ... £l,ooo*ooo,■ 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 ; 2a 6d per Share two months after allotment ; and 2s 6d 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.C. of New Zealand; the Hon. John Martin, of Wellington, M.L.C. of New Zealand ; the Hon. John Ballance, Colonial Treasurer of New Zealand ; 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. Backers: The Bank of Australasia. Solicitors : Messrs. Sievwrighc and Stout, Wellington. SURVIYOR AND VALUATOR : C. Julius Toxward, Esq , Wellington. Interim St ciietary : William Sievwright, Esq., Solicitor, Wellington. Temporary Offices : _ 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, or centre? 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 tine 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 occur ied. This Company intends to occupy that held, and to offer to the public—particularly to farmer-settlers and the working population generally—facilities for acquiring property, and for erecting houses, or effectother substantial improvements thereon, 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 advantage and accommodation offered. In no case will money be lent otherwise than upon the security of landed property, ■afe margin being always kept. The system which prevails 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 i 8 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 terms than buyers on deferred payments ; and it is certain that, by the exercise of ordinary cave, a safe and very profitab'e kind of business can be done by buying land and selling again in lots to suit purchasers. It is very well known tha.t companies in New Zealand having objects similar to those of this Company have been able, notwithstanding very limited resources, not only to pay iarge dividends, but also 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 10s. per share paid up the Company may make a fair' beginning ; and they confidently anticipate hat besides paying a good dividend to the shareholders, the Directors will also, by judicious 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 be available soon a considerable amount of money from deposits made by people both ab Home and in New Zealand, so that a large paid-up capital is not necessary. Prospectuses, with forms of application for shares, may be 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 Rooms, Brandon-street, Wellington, October, IS7B. FORM OF APPLICATION FOR SHARES. TO THE DIRECTORS OF THE NEW ZEALAND LAND AND LOAN COMPANY (LIMITED). Gentlemen-, Having pa'd to your account with the Sum of being a Den-sit "f 2s 6d. per Share on Shares in the above Company, I request that you will alio', me that number of Shares ; and I hereby undertake to accept the same or any less number of Shareß 'hat may be allotted to me, and to pay the Calls or Instalments thereon in terms of your Prspeetus, dated 187-8. Name in fu!! Profession, Occupation, or Quality Address Signature Date The above to be retained by the Bankers, and by thein transmitted to the Company. BANKER'S RECEIPT. Wellington, 1878 Received op on account of " The New Zealand Land and Loan Company, Limited," the sum of Pounds, being a Deposit of Two Shillings and Sixpence per Share on Sliares'in the above Company. For Bank. This receipt must be held by the Applicant until the Certificates are issued. NORTH OTA GO NEWS PA. PEE, AGENCY. F. K I N N E A R, Canvasser, Collector, Reporter, and Correspondent. Special attention given to Agricultural subjects. Address Ure-sfcreet, Oamaru.