Page 4 Advertisements Column 2

Wairarapa Daily Times, Volume VIII, Issue 2311, 3 June 1886, Page 4

fin [IE PETONE AND fIUTT BUILD--1 ISO AND INVESTMENT COMPANY. (Limited) Registered 12th May, 1880. (Limiting the liability of shareholders to the amount of their shares.) CAPITAL ... ■ £50,000 In 5000 Shares of £lO Each. Payable as follows2s 6(1 pur share on application, 2s Gd on allotment, and 2s (id per nhavo thereafter, payable monthly,,for 38 successive months (if required), and on the first Monday of every month, until £5 por sharo is paid; tho balance (if required) as tho Directors may appoint. No notice of instalments given to shareholders. Directors: Thomas Mason, Esq., settler, Taita, flutt Edward Barber, Esq., settler, Petone Charles F. Beatson, Esq., architect., C.S. Hutt Goorgo Carter. Esq., buildor, Petone James Hector. Esq., M.D., C.M.0., Petone S. R. Johnson, Esq., metchant, Petone W, J.Kirk, Esq., C.S., (Chairman Petone Town Board), Petono Bankers : The Colonial Bank of New 2euland. Secretary : Mr G. Bell Williamson. Solicitors : Brokers : Messrs Williamson & Co, EXTRACTS FROM MEMORANDUM OF ASSOCIATION. Tho objects for which tho Company is established are (a) Tho granting of loans on the mortgage of freehold and leasehold property in the colony of New Zealand, repayable on such terms by instalment or otherwise aa may be 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 noteß, nor the granting advances or loans upon any security not herein generally described as a proper subject for advances or loans. (c) The purchasing, selling, exchanging, holding, leasing, ami 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, 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. (fj) Tho receiving from any person or persons periodical instalments of money payable on certain fixed days, and of such amount as may be agreed oil 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 the payment of tho first of such instalments, any sum of money as may be agreed upon. (i) The entering into, contracting for, carrying out, and doing all such other acts, matters and things 03 may be incidental to, or conducive to the attainment of all or any of tho above objects, or all or any objects of a like or similar nature, &-c,, &e., This Company will combine tho advantages derived ftom 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 puroly reciprocal; the main features boing 1. To provide capital whereby residents and others will bo enabled to acquire proporty, 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 onible persons possessed of land to erect buildimjs thereon, either by pro-gress-payments or in a lump sum, repayable by instalments, or at the expiration of a fixed poriod of yenre. 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 homo, without incurring tho exorbitant charges which so frequently attend privatejiarrangements. B. 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 prosent time. 6. 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 priviloge 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 thoir success, is the case with most other financial Companies in tho Colony now carrying on business, 8. The Directors will consider each application for shares on its merits, and will allot accordingly, but they reserve tho right to refuse any allotment absolutely if they shall think tit. In such eases the deposit will be returned in full. Applications for shares, in tho form annexed, may be made to the Secretary at Wellington add 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 Branch of the Colonial Bank of New Zealand. WILLIAMSON & CO., Star Chambers, . 41, Lambton-Quay, Wellington. "FOR SALE. TjIIKST-CLASS OATS and POTATOES J] of best quality delivered ir. or near Masterton in quantities to suit customers at Wholesale Prices. Also, Several DRAUG HT HORSES and ?ood HACKS. , Apply— JOHN HESSEY, 2258 Upper Plain. "fOOBLE, Having purchased the 3E2 3KK" EESS inRUM Edward Jones, will attend at JH the RAILWAY STATION On arrival and despatch of trains, delivering goods, packages, &c,, in all parts of the town at ourrent rates, Orders left at Mrs Morris' Little shop punctually attended to. 6022