Page 1 Advertisements Column 5

Patea Mail, Volume V, Issue 428, 24 May 1879, Page 1

Notices. PROSPECTUS OF THIS TAEANAH! ILiiiKTB COMPANY (I To be incorporated under u Tlio Joint. Stock Companies Act, 18G0.” CAPITAL £SO 000. In 10,000 shares 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 mouths, as the Directors may appoint. PROVISIONAL DIRECTORS : Thomas Bayly, Esq., Waitara Captain Cornwall, Taranaki A, Standish, Esq., Barrister, New Plymouth H. L. Skket, Esq., Surveyor, New Plymouth il. fJ. noNKYi-iiii.Lr, r>i_, mouth James Watkins, Esq,, Taranaki BANKERS: The Bank of New South Wales. SOLICITORS : Messrs Standish & Hughes, New Plymouth. MANAGING DIRECTOR: H. Lufkin Skket, Esq., New Plymouth. OFFICES: Devon-stueet, 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 hi 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 seH. The results achieved by similar Com panics in other parts of the Colony show that investments of this kind are more lucrative than any others undertaken by Joint Stcck 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 hut 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 once 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 order 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 bo 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 mouth, Taranaki. 435 FOR SALE, 1 AA BUSHELS Clean Reaped Rye JLvJU Grassy 7s Bushel. Apply J;'MARCHANT, Ball Road. 487m31