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■7 njUS PBTOMW; akd.;huttv-buildv : ; ; COMPANY;; : / : :-".'v;- : '' '•(LlMlTEO): -' ■" 12tlxMAY, 1880. ; :i (Limiting tlw liability of shafohoMers to" the ainouht of their ; shiftres.), CAPITAL .■;,. V.A' i;,. £50,000 In 5000 Shares .of £lO. Each, - : ■-■■.. Payabluas.follpiys:-^2a6d\por, share on ajiplication, 2a fiion allotment, 1 and 2s (id par share payable monthly, for 38 successivemonths (if required), and on thefirs't.Mon.day of every month, until £5 per sharo is paid; the ba]ance.(if required) aa the Directors may appoint. Jib notice of instalments; given-to shareholders, Directors: Thomas Mason, Esq., settler, Tftifca, Hutfc Edward Barber, liaq,, settler, Petonp Charles F, Be'atsoiij Esq., architect, C.S. Hutt George Garter. Esq., builder, Petone Junius Hector, Esq., M.D., 0.M.G., Pctono S, E. Johnson, Esq., merchant, Petone W, J.Kirk, Esq.,C.S.,(Chairman Petone Town Board), Potone Bankers : . The Colonial Bank of Now Zealand. Secretary : Mr'G. Bell Williamson., Solicitors : Brokers : Moßsrs Williamson & Co, EXTRACTS FROM MEMORANDUM OF ASSOCIATION. The objects for which tlio Company is established are : (a) The granting of loans on the, mortliivju of freehold and leasehold property in the colony of Sew Zealand, repayable on such terms by instalment or otherwise as may be agreed on with the borrowor, and subject to such bye-laws and other regulations of the Company a° may bo made affecting the Bame., (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 the granting advances or loans upon any security not herein generally described as a proper subject for advanceß or loans. (c) The purchasing, selling, exchanging, holding, leasing, and disposing of freehold Imd leasehold property in the said colony. (f) The borrowing and raising of any sum or sums of money for thepurpososof the company, from any person or persons,

for any period or periods, find either by receiving the same on deposit, or by the issue of debentures, or by tho giving of a ' t mortgage over any property of tho company, or by transfer by way of mortgage f of any securities to the company, and tho . 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 cortain fixed days, and of such _j amount aa may bo agreed on with the ! person or persons so investing, and the I contracting to pay, and the paying to such I person or persons at the expiration of any I ment 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 j I acts, matters and things as may be incii dental to, or conducive to the attainment j of all or any of tho above objects, or all e | or any objects of a like or similar naturo, I This Company will combine the ad- ■. vantages derived from the experience of many other similar successful institutions . now working in the colony, The general principal aimed at is: That i. the interests of all concerned shall be , purely reciprocal; tho main features being ; 1, To provide capital whereby residents i and others will be enabled to acquire . property, freehold, or leasehold, in town i or country, by means of easy periodical JI repayments which leave areasouablomargiu of profit to the Company, while being i amply protected in point of security. ! 2. To einble porsons possessed of land j to erect buildings thereon, either by proj gress-payments or in a lump sum, re- ' payable by instalments, or at tho expir- -! ation of a fixed period of years. j i 3. To receive deposits, and to afford a • I safe and profitable investment both for ;' capitalists and during accumulation of • | smaller savings by others. j I 4, To granUoans to members on the ,' | value of their shares; and, generally, to ,! encourage in every possible way—con- ! i sistent with sound security— members in by onabling them readily to itcquiro property, and particularly to obtain a comfortable freehold home, without incurring the exorbitant charges which so frequently attend private'arrangements, 5. It must be obvious to every resident, and to every observer of the extraordinary progress of theao 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 the adveut of such an institution, the first in the district. 7. Alao, 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 Bharea, nor the uaual heavy premium on such are required m, owing to thoir success, jb the caso with meat 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 ris;bt, to refuse any allotment absol- j utely if they shall think fit. In such , cases the deposit will be returned in full. , i Applications for shares, in the form annoxed, may be made to tho Socrotary 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' bo obtained from the Secretary and Brokers, | their Agents, or at any Branch of the ' Colonial Bank of New Zealand. i WILLIAMSON $ CO., i Star-Chambers, ' ' 41, Lambfon-Quay, Wellington. FOB SALE, TIIRST-CLASS OATS and POTATOES of best quality delivered in or near MASTiRToN in quantities to suit customers at Wholesale Prices, Also, Several DMJGHTHORSESandeood HACKS. Apply- JOHN HESSEY, 2258 Upper Plain. ' F. E. NOBLE, , Having purchased/the. Tt?» "SW» "sea' "cn» tto «yi «r» jfiWOM Edward Jones, will attend at '.. . the iujlway m'fm ■ t On arrival and despatch of trains, deliver-' f inggoodSi packages, il'c, in all pjirtao't;., the town at cunViiit i'iites; ' Qr!Jers:left'..at.J{a P/lbiiisVXiitb]?) shop punctually, attendeclto..■'; ■ J; , 6022 :

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WDT18860615.2.10.2

Bibliographic details
Ngā taipitopito pukapuka

Wairarapa Daily Times, Volume VIII, Issue 2321, 15 June 1886, Page 4

Word count
Tapeke kupu
1,031

Page 4 Advertisements Column 2 Wairarapa Daily Times, Volume VIII, Issue 2321, 15 June 1886, Page 4

Page 4 Advertisements Column 2 Wairarapa Daily Times, Volume VIII, Issue 2321, 15 June 1886, Page 4

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