Page 4 Advertisements Column 2

Wairarapa Daily Times, Volume VIII, Issue 2310, 2 June 1886, Page 4

mHE PETONE AND HUTT BUILD-1 I IKG AND INVESTMENT COMPANY. (Limited) Reoistered 12th May, 188 G. (Limiting tho liability of shareholders to tlio amount of their shares,) CAPITAL £50,000 Ixsooo Shakes of £lO Each. Payable as follows2s Gd per slmvc on. application, 2s fid on allotment, and 2s (id per sharo thereafter, payable monthly, for 38 successive months (if required), and on tho first Monday of every month, until £5 per share is paid ; the balanco (if required) aB the ' Directors may appoint, No notice of instalments given to shareholders. Directors: Thomas Mason, Esq., settler, Taita, flutt Edward Barber, Esq., settler, I'etone Charles F. Beatson, Esq., architect, C.S. Hutt. George Carter. Esq., builder, Petono James Hector, Esq., M.D., C.M.G., Petone S. R. Johnson, Esq., meteliant, Petono W. J.Kirk, Esq.,C.S., (ChairmanPetono Town Board), Petone Bankers : The Colonial Bank of New Zealand. Secretary : Mr 6. 801 l Williamson, Solicitous : Brokers : Messrs Williamson & Co, EXTRACTS FROM MEMORANDUM OF ASSOCIATION. Tho objects for which tho Company is established are (a) The granting of loans on the mortgiiL'e of freehold and leasehold property in the colony of New Zealand, repayable on such terms by instalment or otherwise as may be agroed on with the borrower, and subject to sueh bye-laws and other regulations of the Company as may bo made affecting the same. | (b) The "ranting of loans on the securj ity of sheep, wool, cattle, flax, agricul- | tural produce, and other personal pro- ! porty generally ; but not the making of ; advances or loans on or by discounting

' bills of exchange or pvomißSOiy notes, | nor the granting advances or loans upon i auy security not herein generally desj cribed as a proper subject for advances j or loans. j (c) The purchasing, selling, exchanging, | holding, leasing, and disposing of free- ; hold and leasehold property in the Baid | colony. ! (f) The borrowing and raising of any i sum or sums of money for the purposes of I the company, from any person or persons, ; for any period or periods, and either by : receiving tho same on deposit, or by the i issue of debentures, or by the giving of a i mortgage over auy property of the conij pany, or by transfer by way of mortgage I of any securities to the company, and the ! paying of interest on such monies so j borrowed at such rate or rates as may be ! agreed upon, j ((/) The receiving from any person or I persons periodical instalments of nionoy I payable on certain fixed diys, and of such j amount as may bo agreed on with tho ! person or persons so investing, and the ! contracting to pay, and the paying to such I person or persons at the expiration of any i fixed periods commencing from the pay- | ment of the first of such instalments, any j sum of money as may be agreed upon. | (i) The entering into, contracting for, 1 ; carrying out, and doing all such other ! acts, matters and things as may bo inci- ] dental 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, ' j Ac,, Ac,, , i This Company will combino the adi j vantages 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 be , purely reciprocal; the main features being I 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 which leave a reasonable mari gin of profit to the Company, while being I amply protected in point of security. J 2. To enable persons possessed of land j j to erect buildings thereon, cither by proj j gross-payments or in a lump sum, re- ) j payable by instalments, or at the expir- ' ation of a fixed period of years. ' I 3. To receive deposits, and to afford a ' I safe and profitable investment both for j capitalists and during accumulation of ; | smaller savings by others, j 4. To grant loans to members on tho ) j 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 homo, without incurring the exorbitant charges which so frequently attend privatejarrangements. 5, It must bo obvious to every resident, and to every observer of the extraordinary progress of theso localities, that this Company will provido fot an absolute and urgent necessity which exists at the prosent time. 0, It is consequently believed that the residents, and the public generally, will warmly welcome and support the advent of such an institution, the first in the 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 ou bucli are required as, owing to their succese, 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 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, cither directly, or through the Brokers of the Company, or any Agents. Every application mußt 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 limy bo ob> tained from the Secretary and Brokers, their Agents, or at any Branch of the Colonial Bank of New Zealand, WILLIAMSON & CO,, Star Chambers, 41, Lainbton-Quay, Wellington. FOR SALE.

'WIRST-CLASS OATS and POTATOES Jj 'of best quality delivered ir. or near Masterton ill quantities to suit cußtomora at Wholesale Prices. Also, Several DRAUGHT HORSES and food HACKS. Apply- JOHN HfiSSEY, :BSr.PE.BSS RUM Edward Jones, will attend at RAILWAY STATION On arrival and despatch of trains, delivering goods, packages, &c., in all parts of the town at current rates, Urdors left at Mrs Morns' Little shop punctually attended to. 6022 2258 Upper Plain. IS. NOBLE Having purchased the the