Page 4 Advertisements Column 2

Wairarapa Daily Times, Volume VIII, Issue 2308, 31 May 1886, Page 4

rnHE petoni: and hutt build--1 ING AND INVESTMENT COMPANY. (Limited) REuismmn 12tl\ May, 188(3. (Limiting the liability of shareholders to the amount of their shares.); CAPITAL £50,000 In 5000 Shares of £lO Eaoil. Payable as follows :--2s (id per share on application, 2a (id on allotment, and •2s (id por shave thereafter, payable monthly, for 38 succesaivo moritlis (if required), and on tho first Monday of every month, until £5 por sharo is paid ; the balance (if required), as the Directors may appoint, No notice of instalments given to shareholders. Directors : : Thomas Mason, Esq., settler, Taita, Hutt Edward Barber, Esq.* settler, Potone Charles P. Beataon, Esq., architect, C.S. Hutt George Carter, Esq., builder, Peto|ie James Hector, Esq., M.D., C.M.G., Petone S. R. Johnson, Esq., meichant, Petone W. J. Kirk, Esq., C.S., (Chnirinan Petone Town Board), Petone Bankers : , The Colonial Bank of New Zealand. Secretary ; Mr G. Bell Williamson. Solicitors : Brokers : Messrs Williamson & Co; EXTRACTS PROM MEMORANDUM OP ASSOCIATION. The objects for which the Company is established are (a) The granting of loans on the mortgage of freehold and leasehold property in the colony of New Zealand, repayable on such rerms by instalment or otherwise as may be agreed on with the borrower, ami subject tn such bye-laws and other regulations of the Company as may be made affecting the same. ■. (bj The granting of loans on the security of sheep, wool, cattle, flax, agricultural, produce, and.othor personal pro-. ' perty generally; ■ but not the making of : advances or. loariß. on or by discounting ;. bills of. or jn'oiniasoiy notes, | .nor the granting advances or loans upon any security not'herein generally des■cribfd'aa.'a proper.-subject for advances /<■ (c) The purchasing,celling, exchanging,. ..■holding,, leasing, 1 and : disposing of freehold and-.leasehold property in the said colony,. (f) The borrowing and raising of any ■sum or sums of money for the purposes of the company, from any person or persons, 'j,for any period or periods, and either by . receiving the same on deposit, or by tho : ia3ue of debentures, or by the giving of a ! mortgago over any property of tho comj pany, or by transfer by way of .mortgage i of any securities, to the company, and tho ; paying of. interest, on such, monies bo

borrowed at such .rate or. rates as.may be agreed upon, . ■;.;.'■: (9) The receiving from any person or .'persons' periodical instalments of money . payable 011 certain fixed days, and of such amount as may bo: agreed on with tho person or persons su investing, and the ; contracting to pay; and the paying to such person or persons at the expiration of any ■fixed periods'commencing from the payment of the first of bucli instalments, any suin of money as may be agreed upon. ' (i) The emeriti!! into, contracting for, iarryino out, ami 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 ii like or similar nature, I '-V':■ This Company will combino tho adl.'yantages derived from the oxporience of many other similar successful institutions now working in the colony.; .-. ;; The goneral principal aimed at is: Thaf. ■.the interests of all,, concerned shall, be purely ' reciprocal; the main featured being ■y 1., To' proyide-xapit'al whereby residents and others will be enabled to acquire property, freehold, or leasehold, in town or country, by means of easy periodical repayments which leave a reasonable margin of profit to tho Company, while being amply protected in point of security. 2. To enable persons possessed of land to orect buildings thereon, eithor by j pro-gress-payments or in a lump sum', ro-

; payable by instalments, or at the expiv- ; ation 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 rondily to acquire property, and particularly to obtain a comfortable freehold homo, without incurring ..the exorbitant charges which so frequently. attend private|arrangements. .5.. It must be obvious, to overy resident, and to every observer of the extraordinary progress of theso localities, that this Company will provide for an absolute and .urgent necessity which exists at the present time. ' ■ (i. It is consequently believed that the residents, and the public generally, will warmly welcome and support the advent iof such-.ah institution, the first in the ; district. j.. 7. Also, that they will appreciate the ] privilege of obtaining admission as sliaroI holders to a financial undertaking of thia 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 most other financial Companies in the Colony now carrying on business. 8. The Directors will consider each application for shaves on its merits, and will allot accordingly, but they reserve the right to refuse any allotment absolutely if they shall think fit. In auoh cases the deposit wdl be returnod in full. Applications for shares, in the form annexed, may bo made to the Secretary at Wellington and Petone, either directly, or through the Brokers of the Company, or any Agents. Every application must, b'e accompanied by the required deposit, or by a receipt from any Branch of tJie Colonial Bank for tho amount of suoh deposit. Application forms may be obtained from tho Socretarv and Brokers, their Agents, or at any Branch of the Colonial Bank of Now Zealand. WILLIAMSON & CO,, Star Chambora, 41, Lambton-Quay, Wellington. BO REWARD. T HEREBY offer tho sum of Twenty i Pounds (£2O) for any information, such as will lead to tho conviction of the person or persons who set fire to the stacks on the " lea" property, on Thursday night last, Ist April 2262 W. ANDREW, FOR SALE. TURST-CLASB OATS and POTATOES. JJ of best quality delivered ir. or near Masterton in quantities to suit customers at Wholesale Prices. Also, Several DRAUGHT HORSES and good HAGKB. Apply- JOH'N JJPEY, 2253 Uppor Rain.