Page 4 Advertisements Column 5

Wanganui Chronicle, Volume XXI, Issue 4053, 4 June 1879, Page 4

!"T> : '"K "0" ' SP B Y JL OF THE -"'■■ ■- VvANGANUI LOAN AND INVESTMENT SOCIETY. CAPITAL £50,000, in 5000 ShareV of £10 Each. i .. PBOVISIONAL OtRECTORV. Mr F. R. Jackaoa DrR.O. Earle 1 Mr J. P. Watt Mr W. T>. Shajf, ! ; Mr Peter Bell M^ G. Beaven ■ Mr C. H. Borlaae Mr ; John Nqtmi>n Mr H. Hurley Mr J. G. Sharpe;' i Mr Donald Roas Mr J. C. Brechin Mr C. H. Ashforth (Manager.); -u-:H Society's Office, Rutland Chambers. v The history of BuildiugrSpcieties in Wanganui is a record of .success, beneficial alike to borrowers au 1 in- , veators. They have enabled inauy,ip ( \ obtain by a graduated and easy B6ale J of payments a freehold property, and have provided others with a safe and ( profitable method of investment. Terminable Societies, '"hfrweSPe 1 , th their name indicates, aoou run heir course, aud it became necessary in . order to eope with the ever increi >sin^ , . demand for building operations to>,ip r augurate new Companies. . o On the terminable system in this i district two Societies bane'b'e'OT concluded, leaving three in actual operation, one of these, however, wi;l ; b,o wound up in a few months, so that f practically there are only two tram ' acting the ordinary business )f a Building Society. The experience of '.the past yearfi has shown that the time has now arrived when another Society on the terminable principle can be established Iwith a certain prospect of success. With a conscientious belief that the Wangjanui { Loan and Investment Society will 1 ' meet a growing demand, and at once enter upon a poofitable business; the £ Provisional Directors place the same 3 before the public. \ It is proposed to make an import- , ant alteration in the amount of Shares and scales of paymeuts, and in thus departing from the usual plan adopted, the Directors would point out the advantages gained thereby. By placing the value of the Shares at £10, and the monthly calls at 2s per Share, it is estimated that the Society will be enabled to terminate in six years from the date of commencement. l c '■ , As an example of the working of t the proposed Society, the following figures are given : — A borrower to the J extent of £100 would repay at the rate -of £1 16a 8d per month. for the six j years, so that at the close of the operations he will have paid in £132. :• This scale will be found to favourably com- - pare with . any similar institution in the Colony. Thefc advantage of being a Shareholder in a. Building Sqciety cannot well be estimated'. It possesses all ' the benefit of a : Savings Bank, with ettor interest, and it enables a member to take advantage of any eligible opportunity arising for the acquirement of real estate. :As a proof of the extent to which the terminable system ' has been, used in this district, it is pointed out that in three existing 1 Societies upwards of £60,000 has been . borrowed on freehold and approved j; leasehold properties. fc This Society '.; will beJ established r under the, "Building/ Societies Act,. ' 1876." By the provisions of this Act " the usual' competition lor money is abolished; { j j ' t The operations of the new Society 5 will not be solely confined to Wanga--5 nui, but will be, extended among the • established' tpwnships on this coast as [ opportunities' occur for safe invest-. -■■ meiits. <■••-'• !( '•■■ u'" The entrance;.has r been fixed at two shillings /aad sixpence for the- first ) share and. Is for; each additional successive share. '! '■■■■■■■■■<?■ ;l-oifm of- application is attached which should, be filled in and returned . as quicklyt as'.poß&ible, as it is proposed to commence operations in the month of April; :• • : ' , Depbsits on application can be paid to the Branches of the Bank of New South Wales at Bulls, Feilding, Car- , lyle, and Hawera, arid at the stores o Mr £V Be'aven at Marton, and Mf D. M. Hogg at Wa/erley, NEWEANUY BAZAAR. MONTAGIJB& CO, of Auckland and Christchurch, have much pleasure in announcing to the inhabi- • tants of) W'anganui and- surrounding districts that having, secured those eligible premises situate in the Avenue, recently erected by Messrs Pollock and ~s£oung, they will open a branch; establishment on or about SATURDAY, THE 26th INST., With a Large and Varied Stock of .■/.;■ GENERAL/FANCY GOODSi Consisting d f Gold iahdSilver Watches, Chains, Jewellery of every description, Clocks,' Gabin6twarei 'Vases, Ornaments, Bolls; ; Toys', WbblsfWaney Work 'of every,- 'description, Musical Instruments^ Blebtrp-plated Goodß, Pictures, &fc/\fec^ which' will b'e 1 offered co the putrfrc^at 8 the liawest. 'possible remunertijfciyei prices. •', The large' amount of success which has attended Messp Montague, and Co's establishments|bbth in Auckland and Christchurch justify, them ik the belief that they will'by opening ofte' of their well known b'ran'fehes iti Wanganui supply a long-f^^'need| and will' iheet 'wlfcE ; a : Bimila!? arn'ount of 'success. Note the Addijpss— ■ f - MONTAGU B AND GO'S FINCYi . ; r ■■:-•; '■■■'< BAZAAR^ "' ; ' ! blf. a a v l<: v u v : \ '* 1 I?>!.".-/i iv/i--ih\!:i"'Us^Ai'i :^: -.■..■■■ '■■), j •"i