Page 4 Advertisements Column 3

Wairarapa Daily Times, Volume VIII, Issue 2323, 17 June 1886, Page 4

fI.JHE PETONE ASD-.UOTT BUILDIIV'ING AND INVESTMENT : . ;:;:;^ :) ;v ; COMPANy;/.,;, V v';.T;'^i/-'-;(LIMITEp).v;^V;.'. : -. ■';: ; , :'Regotebep.■'lJtli;:MiY;lßßC'; '■',: (Limiting the. to : : -;/-'\ ;tho amouiitof iheiy-BlikreH.).. f . s ■. - ■;;. / .\^"-£50,00d. ../Vilv'BOOQ^ Pnyablp.aSfpllowa;.—2s': 6d per share ..on 7 application, Wo'd op, allotment;; '.'and, " ■' 2.3 '.(id. per,' 'share'' ther'e'afterj payable,j inprithly, i: foi'3B.BUCceßßiy.e.uio.nthß (if reqiiirkV) i: .and oil the first Monday,of every month, until £snor shave is paid;the balance.(if required) as the. Directors may.' appoint, ■ .No notice of instalments given to shareholders'; DiuECTOiiS: . Thomas Mason, Esq., settler, Taita, flutt Edward Barber, Esq., settler, Petone . Charles F. Beatsoii, Esq., architect, C.S. Hutt George Carter. Esq., builder, Pctono James Hector,' Esq,, M.D., 0.M.G., Petone S. B. Johnson, Esq., met chant, Petone W.J.Kirfc,Esq.,C.S., (Chairman Petone Town Board), Petone Bankers ; The Colonial Bank of New Zealand. Secretary : Mr G.Bell Williamson. So-troiTOßs; Brokers : Messrs Williamson & Co, EXTRACTS FROM MEMORANDUM OF ASSOCIATION. Tho objects for which the Company is established are ',-? : (a) The granting of loans on the mortjzweof freohold and leasehold property in the colony of New Zealand, repayable on such terms by instalment or otherwise as may be agreed on with the borrower, and subject 'to such bye-laws and other regulations of the Company as may bo made affecting the sanie. (b) The granting of ioana on the security of sheep, wool, cattle, flax, agricultural produce, and other personal pro-' party 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 advances or loans.

(c) The purchasing, selling, exchanging, holding, loasing, and disposing of freehold and leasehold property in the said colony. (0 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 tlio same on deposit, or by the issue of debenture's, or by the giving of a mortgage over any property of the company, or by transfer by way of vnortgago of any securities to tho company, and the paying of interest on such monies so borrowed at such rate or ratos as may be agreed upon, ((/) Tho roceiving from any person or persons periodical instalments of money payablo on certain fixed days, and of such amount as may be agreed on with the porson 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 tho payment of the first of such instalments, any sum of money as may bo agreed upon. (i) Tho entering into, contracting for, carrying out, and doing all such other acts, matters and things as may be incidental to, or conducive to the attainment of ail or any of the above objects! or all or any objects of a like or Birailar nature, This Company will combine the advantages derived from the experience of many other similar successful institutions now working in the colony. The general principal aimed at is: That tho interests of all concerned shall be purely reciprocal; the main features being : 1. To provide capital whereoy 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 the Company, while being amply protected in point of security. 2. To enable perrons possessed of land to erect buildings thereon, either by pro-gress-payments or in a lump sum, repayable by instalments, or at the expiration 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-con-sistent 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 home, without incurring the exorbitant charges which go frequently attend private.'avrarigements, 5. It must be 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 present time, 0. It is consequently believed that the residents, and the public generally, will warmly welcome and support the advent

(it audi an institution, tie first in the district. 7._ Also, that they will appreciate the {rivilege of obtaining admission aa ahareoldera to a financial undertaking of this description, at the comiiienccnient of its ■operations, when 110 sum representing paid-up aharos, nor the usual heavy premium on suoh are required a*, owing to their success, is the case with most other financial Companies in the Colony now carryine on business, 8. The Directors will consider each application for shares on its merits, and will allot accordingly, but they reserve the to refuse any allotment absolutely if they shall think fit. In such cases the deposit will be returned in full. Applications for shareß, in tho form annexed, may be made to the Secretary 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 be obtained from tho Secretary and Brokers, their Asents, or at any Branch of tho Colonial Bank of New Zealand, WILLIAMSON &CD„ Star Chambers, 4l v Lanibton-Quay, Wellington. FOR SALlfi. . THIRST-CLASS OATS and POTATOES of best quality delivered ir. or. near Masterton in quantities to suit customers I at. Wholesale Prices. Also, Several DRAUGHT HORSES and rood HACKS!' ■■ .Apply- JOHt HESSEft 2258 ..Upper Plain, F. ?,:sffJß'tft T . Having purchased the ..j ing gouds, packages, &u. y iii, Tall "parts of/ : ' ' ; \; : ]■'■; ■ sliojr punctually attended : l;6V'''