Page 3 Advertisements Column 6

Patea Mail, Volume V, Issue 425, 14 May 1879, Page 3

PROSPECTUS OF TEES tAkAnaki x.Air£ COMPAITST (Limited). To be incorporated under e ‘ The Joint Stock Companies Act, 1860.” CAPITAL - •• • •• • £SO 000. In 10,000 shares of £5 'each, with power to increase. PROPOSED CALLS: 5s per share on application; 5s pet share on allotment; 10s per share two months after allotment'*, 10s per shave 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 BaylV, Esq., Waitara Captain Cornwall, Taranaki A. Standish, Esq., Barrister, New Plymouth H. L. Skekt, Esq., Surveyor, New Plymouth H. J. Honeyfield, Esq., New Plymouth James Watkins, Esq., Taranaki BANKERS: The Bank of New South Wakes. SOLICITORS: Messrs Standish & Hughes, New Plymouth. MANAGING DIRECTOR: H. Lufkin Sheet, Esq., New Plymouth. OFFICES; DEVON-STKEETON EW 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 entex*ed 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 4 position either to secure the best market or wait for a favorable opportunity to sell. v The results achieved by similar Coni - panics in other parts of the Colony show that investments of this kind arc 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; whilst its steadily increasing population and progressing railways ahd 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 lauds 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 once a heavy purchase price. Lands in some instances will be subdivided, ahd 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 order thatjjboth their clients and themselves may derive the greatest possible advantages from direct purchase arid 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. AH communications to.Jie addressed to the Managing Director, New Plymouth, Taranaki. 435 AUCTION SALES. Freeman r. Jackson will hold sales of stock during the month of MAY* as follows— Hawera— Friday, 16th St. Hill Street — Wednesday, 2lst Settlers will kindly forward their entries; FREEMAN R. JACKSON* v Auctioneer. To Kope Makerii WANTED, —A Good Rope Maker • none but a Good Hand need apply. Apply to J. &A. VINCENT at Waverley, eitlscr by letter or personally. 513 m 14