Page 1 Advertisements Column 7

Thames Star, Volume XIII, Issue 4312, 26 October 1882, Page 1

Companies PROSPECTUS . OF THI AUCKLAND NATIVE LANDS COLONISATION COMPANY (LIMITED). capital £500,000 IK 500,000 SHARKS OF £1 BAOH. 200,000 FHABES ABK NOW OFFEBED TO TEE PUBLIC. 300,000 BKABEB TO BE 3SBEBVEIS FOB NATIVJBB AND FCTUBE ISSUE. One Shilling pajab'e upon applicatios ; Ono Shilling upon Allotment. Calls not to exceed One Shilling each, to be made ~ at intervals of not less than Three Months. Pbovisional Dibictohs t . J. Chambers W. B. Tines C. C. McMillan T. T. Masefield F. R, Claude John Reid Qeo. Holdship Kennedy Hill Huirnma Puke Franz Scherff J. B. Wfayte, M.H.R. Major Jackson G. B.Morris,M.Hß. Capt. Colbeck Ko Kaukiuta (With power to add to their number). Bakkebs: The Bank of New Zealand. SouciOM: ' Jackeon 6 Bujiell. SeCBETABY, PBO. TIM. I Franz Scherff. The objects of the Au. ktand Natire Lands Colonisation Company (Limited) we the acquisition and settlement of Natire 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 lands 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 upon. 2nd.—To pay for such interests acquired at the option of the native owners, either cash, paid-up * hares, or debenture* for. the whole or any part thereof, as circumstances and mutual advantage may dictate, 3rd.—To allow the natire owners who take puid-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 cant. . sth.—The capital required to carry on necessary operations of the Company to be provided by Colonial and E«rop«a« §hejrehokUt», and such capital shall be employed in defraying expenses of management, completing titles, effecting surreys and sub« ' divisions into farms and township lots, ; opening means of access, conducting the tale and leasing of lands, promoting the formation of special settlements, and generally in utilising the lands Tested 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 at required for public work*, and other purposes, at a figure slightly in advance of coat 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 «rising 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 laws relating to native lands, and to the large expenditure of money required for purchasing the same. The Auckland Native Lands Colonization Com* pany (Limited) presents to .email investors advantages identical with, and in excess of those enjoyed at present only by capitalists, the shares having been fixed so low that men of small means may be placed on the same footing as the capitalist. No more fitting opportunity than the present could be seized for the purpose of attaining the objects aimed at by this company, because:— Ist. —The quantity of fertile Grown 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.—Tha natives owning land in the King country are almost unanimous in tbeir 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 establishment of this Company, which will go far to relieve them from all anxiety about providing for the future wants of the natives. This Company will place all land acquired under "The Lands Transfer Act," so 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 oath, or on deferred payments, or disposed of in the manner most conducive to the interest! of shareholders. Under these circumstances it is believed that the establishment of the Auckland Native Lands Colonisation Company (Limi- ' ted) will provide for the natives the readiest and most beneficial method of placing tbeir lands for sale, lease, or settlement. The everincreasing demand for lands io New Zealand amongst all classes of colonists and intending emigrants from Great Britain, the rich quality of the lands in the King country, 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 prospect of remuneiation 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 3tst October, 1882. 674 /COASTWISE CUSTOMS ENTBUS \j (forms) OH 9ALI at th* Iran* SuiOftW