Page 3 Advertisements Column 6

Patea Mail, Volume V, Issue 422, 3 May 1879, Page 3

PROSPECTUS OF THE TARANAKI LAWD COMPANY (Limited). To be incorporated under u The Joint Stock Companies Act, 1860.” CAPITAL-... £SO 000. In 10,000 ‘share's of £5 each, with power to increase. PROPOSED CALLS; 5s per share on application ; 5s per share on allotment; 10s per share two months after allotment; 10s per share four months after allotment; and 10s per share six months . after allotment. Further Calls to be made at intervals of not less than two months, as the Directors may appoint. PROVISIONAL DIRECTORS: Thomas Bayly, Esq., Waitara Captain Cornwall, Taranaki A. Standish, Esq., Barrister, New Plymouth H. L. Sheet, Esq., Surveyor, New Plymouth H. J. Honeyfield, Esq., New Plymouth James Watkins, Esq., Taranaki BANKERS: The Bank of New South Wales. SOLICITORS : Messrs Standish & Hughes, New Plymouth. MANAGING DIRECTOR: H. Lufkin Sheet, Esq., New Plymouth. OFFICES: Devon-street, New Plymouth. THIS Company is formed solely for the object of Building and Reselling Lands in the Provincial District of Taranaki. It is clear that transactions in land may be far more profitably entered upon by a Company than by private individuals, who, from want of sufficient capital, through imperfect management, and from other causes, are under great disadvantages, and are not always in a position either to secure the best market or wait for a favorable opportunity to sell. The results achieved by similar Companies in other parts of the Colony show that investments of this kind are more lucrative than any others undertaken by Joint Stock Companies. The District of Taranaki, possessing as it does, a magnificent climate and some of the finest land in New Zealand, offers peculiar facilities for a judicious investment of capital; whi’st its steadily increasing population and progressing railways and roads, by which an extensive but hitherto, comparatively speaking, inaccessible public estate is almost daily rendered more available for settlement, present unusual advantages for a remunerative disposal of lands acquired at an early stage. A slight expenditure in the way of improvements, or a judicious subsidy to assist local Road Boards in opening up thoroughfares, will frequently insure a profitable sale, and, where advisable, will by these means endeavor to improve their properties with the idea of increasing their .marketable value. The Company also propose, in certain instances, to offer land on a system of deferred payments, thereby securing absolute settlement and a regular income. This system, it is believed, will tend to increase the value of other lands held by the Company, and secure a class of purchasers who by circumstances may be unable to pay at oiice a heavy purchase price. . Lands in some instances will be subdivided, and sold in lots to suit purchasers. It will be the aim of the Company to purchase, as far as possible, their properties direct from the Crown, in ord( f that®both their clients and themselves may derive the greatest possible advantages from direct purchase and re-sale. The Provisional Directors propose securing as the Managing Director a practical surveyor of considerable colonial experience, possessing also a thorough knowledge of the lands in the District. It is not proposed at the outset to call up more than £2 per share; this will enable the Company to make a fair beginning, and afterwards profits may either be added to capital, or a dividend declared, and further calls made. Deposits can be made at any Branch of the Bank of New South Wales, where Prospectuses and Forms of Application for shares can be obtained. All communications to be addressed to the Managing Director, New Ply--1 wbuth, Taranaki. 435 AUCTION SALES. Freeman r. Jackson will hold sales of stock during the month of MAY, as follows: St. Hill Street— Wednesday, 7th Hawera — Friday, 16.th St. Hill Street —Wednesday, 21st Settlers will kindly forward their entries. FREEMAN R. JACKSON, Auctioneer. FOR SALE, OPPOSITE the Post-office and Court House, the Best Building Site in Carlyle— 33 feet frontage to Tarai akf Road, For further particulars apply to the . Owner. 415tc JAMES LETT: