Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image

Companies PROSPECTUS OF THE AUCKLAND NATIVE LANDS COLONISATION COMPANY (LIMITED). CAPITAL..., £500,000 IN 500,000 SHABES OF £1 EACH. 200,000 SHARES ABE NOW OFFERED TO THE PUBLIC. 300,000 SHAEES TO BE BESEBVE© FOB NATIVES AND FUTUBE ISSUE. One Shilling payable upon application ; One Shilling upon Allotment. Calls not. to exceed One Shilling each, to be madn ut intervals of not less than Three Months. PHOVIBIONAII DIBECTOBS : J. Chambers W. B. Vines C. C McMillan T. T. Masefield F. R. Claude John Reid Geo. Holdahip Kennedy" Hill Huirom* Puke . Franz ScheriF J. B. Whyte, M.HiR. Major Jackson Or. B. Morris, M.H.R. Capt. Colbeck Eo Kaukiuta (With power to add to their number). Bankebs : The Bunk of New Zealand. SoIICIiOBS : Jackson & Russell. SfiCRETABX, PSO. ISM.: Franz Soherff. 1 The objects of the Auckland Native Lands Colonisation Company (Limited) are- the acquisition and settlement of Native Lands in the North Island of New Zealand upon terms which will be to the mutual advantage of the Native Owners, of the Shareholders in this Company, and of the Colony in general. In order to carry out this object it is proposed— Ist. —To acquire interests in landa in such way as the natives may prefer, either by purchase, by lease, or by acting as their agents on such terms as may be agreed wpou. 2nd.—To pay for such interests acquired at the option of the native owners, either c«sh, paid-up chares, or debentures for the whole or aoy part thereof, as circumstances and mutual advantage may dictate. 3rd.—To allow the native owners who take paid-up shares interest at the rate of 5 per cent, upon the amount of the paid-up shares in excess of the amount paid-up on contributing shares. 4th.—To issue to any native owner declining to take cash or paid up shares debentures of stipulated amounts bearing interest at 5 per cent. , sth.—The capital required to carry on necessary operations of the Company to be provided by Colonial and European shareholders, and such capital shall be employed in defraying expenses of management, completing titles, effecting surveys and subdivisions into farms and township, lots, opening means of access, conducting the sale and leasing of lands, promoting the formation of special settlements, and : generally in utilising the lands vested in - the Company to the best advantage. 6th.—To set apart and legally secure adequate and inalienable reserves for the benefit of .the native owners. 7th.— -To convey to the Government an agreed percentage of land as required for public works, and other purposes, at a figure slightly in advance of cost price. Bth.—To induce native owners to become large shareholders, to settle permanently upon lands, the titles to which have been individualised, and to be represented on the directorate. It is a well known fact that the profits arising from the purchase and sale of native lands in the North Island are enormous, and it is equally well known that such profits have up to the present time been confined to the capitalist alone, because of the many obstructions arising from the Ibwb relating to native lands, and to the large expenditure of money required for purchasing the same. The Auckland Native Lands Colonization Company (Limited) presents to small investors advantages identical with, and in excess of those enjoyed at present only by capitalists, the shares having been fixed §o low that men of small means may be placed-on the same footing as the capitalist. No more fitting opportunity than the present ould be seized for the purpose of attaining the objects aimed at by this company, became: — : Ist. —The quantity of fertile Crown Lands in the North Island, at the present time available for settlement is insufficient to meet the demand. 2nd.—The Government have ceased operations in purchasing the native lands. 3rd.—Thf natives owning land in the King country are almost unanimous in their desire to bring their valuable lands under the operation of the Land Court and dispose of them to Europeans. 4th.—lt is confidently anticipated that the : . Government will favour the establish* ment of this Company, which will go far to relieve them from all anxiety üboufc providing for the future wonts of the natives. This Company will place all land acquired under' "The Lands Transfer Act," s<> that the title will be indefeasible, and it will then be able to dispose of the same at great advantage. The land will be sold for cash, or on deferred payments, or disposed of in the. manner most conducive to the interests of j shareholders. Under these circumstances it is believed that, the establishment of the Auckland Native Lands Colonisation Company (Limited) will provide for the natives the readiest and most beneficial method of placing their laudß for sale, lease, or settlement. The everincreasing demand for lands in New Zealand amongst all classes of colonists and intending emigrants from Great Britain, the rich quality of the lands in the King countrj, the fact that they are within easy access by rail from Auckland, their - suitability for occupation, and their annually-increasing value, are considerations which present to investors a proi-. pect of remuneration unequalled probably by any proposal ever submitted to the public. Applications for Shares will be received by the Secretary, at his offices, Fort street, until TUESDAY, the 31»t October, 1882. 574 H. T. ROWIS, A UTHORISED ahd MINING SUR J\, VEYOR, and Naxive Land Fubchasb Aobnt, ALBEIRT STREET (next Frater Bros.), Gbahahbtown. Notjb.—Mining Leases and Claims Surveyed and Plans prepared at reasonable che*"^ with despatch. 861 NOTICE. TTT A N T E D KNOWN. JUST PRINTED, and now on SALE ar the Evening Stab Office, Albert street Grahamstown, TRIBUTERS' AGREEMENT FORMS.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/THS18821021.2.25.2

Bibliographic details
Ngā taipitopito pukapuka

Thames Star, Volume XIII, Issue 4308, 21 October 1882, Page 4

Word count
Tapeke kupu
937

Page 4 Advertisements Column 2 Thames Star, Volume XIII, Issue 4308, 21 October 1882, Page 4

Page 4 Advertisements Column 2 Thames Star, Volume XIII, Issue 4308, 21 October 1882, Page 4

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert