Page 2 Advertisements Column 2

Poverty Bay Standard, Volume IX, Issue 968, 10 August 1881, Page 2 (Supplement)

(Horace Bastings, Esq., M.H.R.,.Dunedin». Joseph Bennett, Esq., Aueklan<£Jj i (Wm. Buchanan, Esq., Auckland John Buchanan, J£sq., Napier W. Coleman, Egq., Ai|ckl4niiir / 'i! f J. M. I)ai%avfth^Esq:~Aucfaancr~" C- A. De Lautour, Esq., M.H.R., Gisborne , G. Fenwick, Esq., Dunedin Allan Macdonald, Esq., Mi©®XG®b£rne J> ' D. H. Mackenzie, Esq., Auckland F. J. Moss, Esq./M.H.R., Auckland ■ > •’ 1 I Hon. W. H. Reynolds, M.L.C., Dunedin Wiremu Pere, Native Chief, Gisborne Henare Potae, Native Chief, Tokomaru Bay J. B. Poynter, Esq., GisboyitiTi Cl* ’ JD. Proudfoot, Esq., Dunedin C.. A. I ) ri.tcJiiu - d,.EsqChristchurch *<’ ■ ! A G. M. Reed, Esq., Gisborne R. H. J. Reeves, Esq., M.H.R., Nelson R. C. Reid, Esq., M.H.R., Hokitika- *..'¥* H. C. Robjohn, Esq., Napier ..J. Major Ropata, Native Chief, Tokomaru. Bay, , JL M. •Shera, Esq.,‘ Auckland I*' 1 *' ‘v ' > R. Stout, Esq., Dunedin ; > JL S. M. Thompson, Esq., Wellington W. H. Tucker, Esq., J.P., Gisborne R. Wilson, 'X. i I The Managing Directors for the first twelve t months are 'l a ■ '■ ’ . : ■ . I Gisbobne—Allan McDonald, Esq., M.H.R., •J B. Poynter, Esqjy-Gf-A. De-Bautottr, "Ess. i'-" M.H.R.

£ Wellington—J, S.. M. hsq. East Coast —Wi Pere, Esq., Mpjor Ropata. Vyellington—-Messrs SievwrigiiC & Stout. Gisborne—W, L. Kees. k i ! aooHd < The Colonial Bank of New Zealand. . f , .... ' r .j BbOKEKS-AND Dhnedin—if. B. Braasfiajw r - ,an Auckland —A. Sauhderfc (; > ’ ' ' 1 ‘©fymaru— Joseph Booth; Qrey mouth—G. M Hokitika —Messrs, \ ' i IV} Christchurch—T. B. Craig sf|pier—M. R. ; f , rr .. s . p jj j . . , - F. J. Moss, M.H.R., Wellington. „

The following is an of Itbiri pbjects of the Company as detailed’Wthe wliich may b,e obtained, from theßrokers and at the various Branches of the Colonial Bank; - : : . 1 The object of the Company is the ...Voirin-. tary Asso<iiationof..the.awnarso£NativeLands with European- Capitalists, for the purpose of promising settlement Oil the lands ■ djutlie East Coast of North 'fslrind of Now Zealand. This is intended -to Tie; attained by the Native Owners contributing blocks of land at Original or unimproved values, receiving paidUp shares in the Company for the same ; the European Shareholders contributing capital to be called up in fixed ftnfi limited . amounts as may be found requisfteior conducting the operations of the Company. ■ It is intended that the cash capital raisedshall be employed in (defraying, expenses of management, completing titles, effecting surveys and subdivision into farm and township lots, opening means of access,’conducting the sale and leasing of lands, promoting the’ formation of Special Settlement parties from Erigland and elsewhere, making advances to settlers on security, and generally in utilising thd lands and property vested <in the Company to the best advantage. •< The Company is at present registered under the Uoint Stocki Companies Act,’ with a i nominal capital of £25,000, by the promoters, who finding it necessary to increase their operations, transfer thteir interests to, the eiterided proprietary, retaining 1000 paid-up, Capitalist and 1000 paid-up Original Shares hi the Company. Tlie Government having abandoned; the purchase of Native lands, the Native owners in the Poverty Bay and East’ Coast districts being strongly desirous of opening their Irinds for settlement, in a manner mutually beneficial to themselves and such Europeans as may be desirous of becoming associated with them on the principles proposed in the Prospectus, have, after making provision for their own requirements, entered.into contracts for parsing, over large areas of valuable, land to the Company, at prices based those? of former Government purchases, receiving . Shares in payment for the same. ...G' [lt is the CQmpany,-wjll be able to dispose of its lands tb great advantage, 'as'under its control','and with its guarantee, title will be absolutely good, while all landjsl purchased will be at once placed under the Ldnd Transfer Act, and will be ■' sbld' from' time to . time for cash, cor on ' long deferred 'payments, and generally in accordance with thie regulations: guiding the disposal of the Waste Lands of the Crown.: The Capitalist Shares will be having secured to them a minimum of eight ■jpeir cent, per annum as a first, charge on the profits, with a further division of profits in proportion to the capital invested. ... IFive Directors will be elected by the Capitalist Shareholders, and four by the Original •Shareholders, th.e qualification, of a Director being the possession of not less than fifty shares. ■"> 03 ! The Capitalist Shareholders will, Under regulations, be entitled to purchase Lands of tile Company for their own bona fide occupation surrendering their shares in payment, which shall be accepted as value for ten per cent, over the amounts paid up. The Native Shareholders will also be entitled, under regulation, to select reserves for their own occupation, surrendering their shares •in payment. , Ten thousand shares will be set apart for sale in Britain to intending bona fide settlers,’ apd an officer of the Company will be located in England to send out Special Settlement. Parties for the Company’s Lande. To prevent the improper diversion of the Natives’ interests, original shares given in thq