Page 3 Advertisements Column 5

Wairarapa Daily Times, Volume VIII, Issue 2304, 26 May 1886, Page 3

mHE PETONE AND HUTT BUILD--1 ING AND INVESTMENT ■ : COMPANY; (Limited) Registered 12th May, 1886. " (Limiting tlie liability of shareholder)! to the amount of their shares,) CAPITAL ... • ... ... £50,000 In 5000 Shares of £lO Each, Payable as follows:—2s Od per share on application, 2s Gd on allotment, and 2s (id per share thereafter, payable monthly, for 38 successive months (if required), and on the'first Monday of every month, until £5 per share is paid; tho balance (if required) as the Directors may appoint, No notice of instalments given to shareholders. DiEEcroEs: Edward 'Barber, Esq., settler, Potone Charles F.Beatson, Esq,, architect, C.S. Hufch George Carter. Esq., builder, Petone James Hector, Esq., M.D., C.M.G., Petone S. Pi. Johnson,' Esq., meichant, Petone W. J.Kirk, Esq.,C.S., (Chairman Petone Town Board), Petono Thomas Mason, Esq., settler, Taita, flutfc Bankers: Tho Colonial Bank of New Zealand, Secretary : Mr G. Bell Williamson. Solicitors: Brokers: Messrs Williamson & Co,-

EXTRACTS FROM MEMORANDUM OF ASSOCIATION. The objects for which the Company ifl established are : (a) The' granting of loans on tlio mortgage of freehold and leasehold property in the colony of New Zealand, repayable on such terms by instalment ov other- '. wise as may bo agreed on with the borrower, and subject to such bye-laws and other regulations of the Company as may be made affecting the same. (b) The granting of loans on the security of sheep, wool, cattle, flax, agricultural produce, and other personal property generally; but not the making of advances or loans on or by discounting bills of exchange or promissory notes, nor tlio granting advances or loans upon any security not herein generally described as a proper tubject for advances or loans. • (c) The purchasing, selling, exchanging, holding, leasing, and disposing of freehold and leasehold property in the said colony. (f) The borrowing and raising of any sum or sums of mouey for the purposes of the company, from any person or persons, for any period or periods, and either by receiving the same on deposit, or by the issue of debentures, or by the giving of a mortgage over any property of the company, or by transfer by way of mortgage of any securities to the company, and the paying of interest on such monies so borrowed at such rate or rates as may be agreed upon, (</) The receiving from any person or persons periodical instalments of money payable on certain fixed days, and of such amount as may be agreed on with the person or persons so investing, and : the contracting to pay, and the paying to such person or persons at the expiration of any fixed periods commencing from tho payment of the first of such instalments, any sum of money as may bo agreed upon. (i) The entering into, contracting for, carrying out, and doing all such other acts, matters and things as may 'be incidental to, or conducive to the attainment of all or any of the abovo objects, or all or any objects of a like or similar nature, (fee, &c, This Company will combino the advantages derived from the experience of many other similar successful institutions now working in the colony. The general principal aimed at is: That the interests of all concerned shall he purely reciprocal; the main features being:— 1. To provide capital whereby residents and others will be enabled to- acquire property, freehold, or leasehold, in town or country, by means of easy periodical repayments virion leave a reasonable margin of profit to the Company, while being amply protected in point of security. 2. To enable-persons possessed of land to erect buildings thereon, either by pro-gress-payments or in a lump sum, repayable by instalments, or at tho expiration of a fixed period of years, .3. To receive deposits, and to' afford a safe and profitable investment both'for capitalists and during accumulation of smaller savings by others, -■■ 4, To grant loans to members on the value of their shares; and, generally, to encourage in every possible way—consistent with sound security—members in the direction of thrift and independence, by enabling them readily to acquire property, and particularly to obtain a comfortable freehold home, without incurring the exorbitant charges which so frequently attend private arrangements,. ■ 5. It must bo obvious to every resident, and to every observer of the extraordinary progress of these localities, that this Company will provide for an absolute and urgent necessity which exists at the present time. 6. It is consequently believed that the residents, and the public generally, will warmly welcome and support tho advent of such an institution, the first in tho district. ' 7. Also, that they will appreciate the privilege of obtaining admission as shareholders to a financial undertaking of this description, at the commencement of its operations, when no large sum representing paid-up shares, nor the .usual heavy premium on such are'required as, owing to their success, is the case with moßt other financial Companies in the Colony now carrying on business. 8. The Directors will consider each application for shares on its merits, and will allot accordingly, but they reserve the ri»ht to refuse any allotment absolutely if they shall think fit. In such cases the deposit will be returned in full.

Applications for shares, in the form annexed, may be made to the Secretary, at Wellington and Petone, either directly, or through the Brokers of the Company, or any Agents, Every application must be accompanied by the required deposit, or by a receipt from any Branch of the Colonial Bank for the amount of such deposit. Application forms may be obtained from the Secretary and Brokers, their Agents, or at any Brunch of the Colonial Bank of New Zealand. 'WILLIAMSON* CO., Star Chambers," 41, Lambton-Quay, Wellington. TO PROPERTY OWNERS. rvFFERS of property up to £350 in value in Town or Country invited. State situation and price for cash. ' ■'■ *.;'. - ' RBROWJN, ' '' Sec. Masterton Town Lands Trust.