Page 4 Advertisements Column 3

Wairarapa Daily Times, Volume VIII, Issue 2325, 19 June 1886, Page 4

riIHE PETONE AND HUTT BUILD-" I IKG and investment COMPANY. (Limited) Registered 12th May, 188 G. (Limiting the liability of. shareholders to the amount of their shares.) CAPITAL £50,000 In 5000 Shakes of £lO Each. Payable as follows : —2s 6d por share on _ application, 2s 6d oil allotment, and 2s 6d per share thereafter, payable monthly, for 38 successive months (if required), and on the first Monday of every month, until £5 per share iB paid ; the balance (if required) as the Directors may appoint. No notice of instalments given to shareholders. Directors : Thomas Mason, Esq., settler, Taita, Hutt Edward Barber, Esq., settler, Petone Charles F. Beatson, Esq., architect, C.S. Hutt George Carter. Esq., builder, Petone James Hector, Esq., M.D., C.M.G., Petone S. R. Johnson, Esq., meichant, Petone \V. J.Kirk, Esq., C.S., (Chairman Petone Town Board), Petone Bankers: The Colonial Bank of New Zealand. Secretary : Mr G. Bell Williamson. Solicitors : Brokers: Messrs Williamson & Co, EXTRACTS FROM MEMORANDUM OF ASSOCIATION. The objects for which the Company is established are :—• (a) The 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 as 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 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 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 the same on deposit, or by the issue of debentures, or by the giving of a mortgage over auy_ 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. (g) The receiving from any person or persons periodical instalments of money payable on certain fixed days, and of such amount as may be agreed on 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 tho payment of the first of such instalments, any sum of money aa may be agreed upon. (£) The 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 all or any of the above objects, or all or any objects of a like er similar nature, Ac., &c., 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 the interests of all concerned shall be purely reciprocal; the main features being:— 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 margin of profit to the Company, while being amply protected in point of security. 2. To emble persons 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 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 home, without incurring the exorbitant chaiges which so frequently attend privatc^arrangements. 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 exißts at the 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, 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 on such are reqnired aa, Owing to their success, is the case with most other financial Companies in the Colony uow carryincr 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 shares, in the 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 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. Lambton-Quay. Wellington. FOR SALE. I|IIRST-CLASS OATS and POTATOES ' of best quality delivered ir."or ■ near Masterton in quantities to suit Customers at Wholesale Prices. Also, • Several DRAUGHT HORSES and pood-HACKS. Apply— JOHNHESSEY, 2258 Upper Plain. F.S.NOBLE, Having purchased the . EXPZCSSS Edward Jones, will attend atP the RAILWAY STATION On arrival and despatch of trains, delivering goods, packages, &c., in all parts of the town at current rates. Orders left at Mrs Morris' Little shop, punctually attended to. 6022