Page 4 Advertisements Column 2

Wairarapa Daily Times, Volume VIII, Issue 2313, 5 June 1886, Page 4

mHK PETONE AND HUTT BUILDI ING AND INVESTMENT COMPANY. (Limited) Rkoistkked 12th May, 188 C. (Limiting the liability of shareholders to the amount of their shares.) CAPITAL ... ~. ... £60,000 ■ ls'sooo Sharks of £lO Each. Payable ns follows:—2s 6d per share, on application, 2s Gd on allotment, and 2a b'd par share, thereafter, payable monthly, for 38 successive months (if required), and on tlio first Monday of every month, until £5 per share is paid ; the balance (if required) as the 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 George Carter. Esq., builder, Petone Jameß Hector, Esq., M.D., C.M.G., Petone S. R. Johnson, Esq., moichant, Petone W.J. Kirk, Esq., C.S., (Chairman Petone Town Board), Petone Bankers : Tho Colonial Bank of New Zealand, Secretary : Mr G.Bell Williamson. Brokers: Messrs Williamson & Co, EXTRACTS FROM MEMORANDUM OF ASSOCIATION. The objects for which the Company is established arc : (a) The granting of loans on tho mortgage'of freehold and lensohold property in the colony of New Zealand, repayable on such terms by instalment or otherwise as may bo agreed on with the borrower, and subject to such bye-laws and other regulations of the Company as may be made aftVcling tho samo. (b) The "ranting of loans on the security of sheop, wool, cattle, flax, agricultural produco, and other personal property generally; but not the making of advances or loans on or by discounting bills of exchange or promissory notes, nor the granting advances or loans upon any security not herein gonerally described as a proper' subject 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 money for the purposes of the company, from any person or persons, for any period or periods, and either by receiving tho 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 intorest on such monies so borrowed at such rate or rates as may bo

! agreed upon. | (;/) The receiving from any penon or I persons periodical instalments of money payable mi certain fixed days, and of such I amount as may be agreed on with the ! person or persons so investing, and tho I contracting to pay, and the paying to such j person or persons at the expiration of any fixed periods commencing from the payj ment of the first of such instalments, any ! sum of money as nmy lie agreed upon. I (i) The entering into, contracting for, ) carrying out, and doing all such other j acts, matters and things as may bo incij dental to, or conducive to the attainment I of all or any of tho above objects, or all I or any objects of a like or similar nature, j etc., Ac., j This Company will combino tho ad- ! vantages derived from the experience of many other similar successful institutions now working in the colony. Tho general principal aimed at is: That tho interests of all concerned shall be puroly reciprocal; tho main foatures being;— j<- ! 1. To provide capital whoroby residents | and others will be enabled to acquiro ! property, freehold, or leasehold, in town j or country, by means of easy periodical j repayments which leave a reasonable mari gin of profit to tho Company, while being j amply protected in point of security. I 2, To enable persons possessed of land I to erect buildings thereon, either by proj gress-payments or in a lump sum, reI payable by instalments, or at the expir- ! ation of a fixed period of years. J 3. To receive deposits, and to afford n. i safe and profitable investment botli for capitalists and during accumulation of smaller savings by others. 4. To grant loans to members on tho i value of their shares; and, generally, to encourage in every possiblo way—consistent with sound security—members in the direction of thrift and independence, by enabling thorn readily to acquiro property, and particularly to obtain a comfortable freehold home, without incurring the exorbitant charges which so frequently attend privatojarrangGments. 5. It must be obvious to every resident, and to every obsorver of the extraordinary progress of theso localities, that this Company will provide for an absolute and urgent necessity which exists at tho present time. 6. It is consequently believed that the residents, and the public generally, will warmly welcome and support the advent of such an institution, tho 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 tho commencement of its operations, when no large sum representing paid-up shares, nor tho usual heavy premium on such are required as, owing to their success, is tho 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 the right to refuse any allotment absolutely if they shall think fit. In such cases the deposit will bo returned in full. Applications for shares, in the form annexed, may be made to the Secretary at Wellington and Petone, either directly, or through tho Brokers of the Company, or any Agents. Every application must bo accompanied by the required deposit, or by a receipt from any Brancli of tho Colonial Bank for the amount of such deposit. Application forms may be obtained from the Secretary and Brokors, their Agents, or at any Branch of tho Colonial Bank of Mow Zealand. WILLIAMSON & CO., Star Chambers, 41, Lambron-Quay, Wellington. FOR SALE. THIRST-CLASS OATS and POTATOES of best quality delivered ir. or near Mastebtox in quantities to suit customers at Wholesale Prices. Also, Several DRAUG ST HORSES and good HACKS. Apply- JOHN HESSEY, 2258 Upper Plain, O.NOBLE, I Having purchased the FROM Edward Jones, will attend at the RAILWAY STATION On arrival and despatch of trains, delivering goods, .packages, &c, in all partß of the town at current rates. Orders .left at. Mrs Morris' Little shop punctually attended to. 6022