Page 8 Advertisements Column 5

Press, Volume XLV, Issue 7141, 31 August 1888, Page 8

Public Companies. TEMPORARY OFFICE: 58 Margaret street, Sydney. PASTORAL FINANCE, TRUST o AND AGENCY COMPANY OF AUSTRA LASIA (LIMITED). Objects.—This Company has been formed for the purpose of establishing, upon an advantageous and comprehensive basis, a pastoral, agricultural, and commercial aeencr and linance business, having branches in all the Australasian colonies, New Zealand, "and in London. The Company's operations will include the direct importation and supply of station requisites. • SPECIAL FEATURE. The introduction into this class of agency business* of the mutual principle, under which constituents, being shareholders and having business transactions with the-Company, will participate in its profits. The system has been so long in operation and favorably applied to the policyholders of mutual life assurance companies, that the attention of investors is particularly drawn to this special feature, as more particularly explained below. ADVANTAGES. The large dividends which the pastoral companies already established in these colonies for transacting this class of business have continuously paid must be held to indicate that large savings can be effected by those pastoralists and agriculturists who become shareholders and constituents of a 'Company founded on the mutual.principle, the application of which will necessarily, at the same time, form a guarantee to the ordinary investing shareholder for the rapid development of a large volume of business to the Coninany. DEBENTURES. Advantage will be taken of the present favorable condition of the money market in London to issue debentures at advantageous rates, which will enable the Company to grant, on favorable terms, all usual financial facilities to its clients. MANAGEMENT. Boards will be established in all the principal colonies; and care will be taken to make available to each colony, according to its current business requirements, an equivalent proportion of the capital at the command of the Company from time to time. SHARES. The fireMssue of shares will, in he first instance, be reserved in the following proportions to supply applications from each colony, viz.:—New South vVales,.3oo,ooo shares: Victoria, 300,000 shares; Queensland, 200,000 shares; South Australia, 100,000 shares; New Zealand, 50,000 shares; Tasmania, 25,000 shares; and Western Australia, 25,000 shares; but the Directors reserve the power in making allotments to have regard, in the first place, to applicants likely to -become constituents, to dispose in other colonies any shares not applied for of the reservations for each colony, and. also from time to time to issue, upon such terms as they may deem advisable, shares to customers. It is also intended to offer the whole or a portion of the next issue in London. PR FITS. The articles provide that the net profits, after providing for maintenance of a reasonable current balance and reserve fund, will be apportioned yearly upon the following basis: — (a) In providing for a dividend not ex- ' ceeding the rate of eight pounds per

cent, per annum upon the paid-up capital. ' (b) An appropriation at a rate not exceeding 2 per cent, per annum on such capital to a special fund for equalising dividends, provided always that no such appropriation shall' be made whenever the said fund'shall stand with the sum of one hundred thousand pounds to the credit thereof. (c) One half of the balance shall be distributed amongst the shareholders by way. of bonus or additional;diyidend, and the other half shall be divided amongst the constituents of the Company being shareholders, in proportion to the amount of profit accruing to the Company from their respective transactions with the Company during the preceding year. POWERS. The memorandum and articles of association will enable the Company to acquire any similar, business already established, and the Provisional Directors have already in view the acquisition on favorable terms of three such bignesses carrying firstclass connections. Powers will also be taken for the Company to act as trustees, executors, and agents of estates which include pastoral and agricultural properties. The memorandum of association is published' herewith, and the articles of association can be inspected at the office of the Solicitors of the Company—Messrs Allen and 'Alien, Phillip street, Sydney, New South Wales; Messrs Cuthbert, Hamilton, and Wynne, Collins street West, Melbourne, Victoria; Messrs G. and J: Downer, Central Chambers, King William street, Adelaide, South Australia; Messrs 'Macdonald-Paterson, Fitzgerald, and Hawthorae, Brisbane, Queensland. Able and experienced management in each departmeut will be secured, and all appointments ■will- be made by the Directors after the floating of the Company. In the formation of the Company no promoters' shares will be issued. The cost of registration, law, brokerage, printing, and sundry preliminary expenses will, however, be made a first charge upon the funds of the Company. Already a large number of influential statlonholders in each colony have promised to send and to influence business to the Company, and many have intimated their intention of becoming large shareholders. Shares will be allotted, as far as practicable, according to priority of application, and as may be considered most conducive to promote the best interests of the Company. Applications will be received, by the Brokers named- herein for the different colonies, and the share list will close simultaneously in each place. THE PASTORAL FINANCE, TRUST AND AGENCY COMPANY OF AUSTRALASIA, LIMITED. Form of Application for Shares.. To Messrs Acland, Barns, and Co., Brokers for New Zealand. Gentlemen,-^-I hereby request you will allot mc shares in the above Company, and enclose you the sum of , being the appli-

cation call upon . shares; and I agree to accept the same" or any less number that may be allotted to mc, and sign the articles and memorandum of association when called upon to do so. Dated at this day of ,18 -Name in full : Full postal address ? -" ' Signature.. Forms of Prospectus and Application Forms may be obtained from ACLAND, BARNS & CO 174 HEttE* OJRD STREET, Christchurch. 3816 Miscellaneous. Cash Advertisements under this heading not ex eeeding twenty-four words ONE SHXLLINa H" SKINNER, Bootmaker — Speciality. • Ladies'and Gents' Measured and Hundeewn Boots, fit and quality unequalisd. Good value in working men's boots. Repairs cheap for cash. 228 Montreal stree£N. flnb the Ladies of Christchuroh—Mrs McI Dermott waits on per&ons who have Second Hand Clotliing to dispose of. The highest price giren for Ladies and Gentlemen's Clothing, Jewellery, Furnitim-, &c Address corner of Tuain street and Durham streets. rpHK Latest Novelties of the World of X Fashion in Dress Fabrics, Mantles and Millinery. J. Ballantyne and Co, THE Latest. Novelties of the World of Fashion in Dreas Fabrics, Mantles and Millinery. J. Ballantyne and Co. nnHK Latest Novelties of the World of X ' Fashion in Dress Fabrics, Mantles and Millinery. J. Ballantyne and Co. /CAUTION.—No one In Canterbury but M*l\j calm McCallum, 172 High street, Christchurch, is recognised or authorised by Stewart, Daweon and Cα. for the repairing of their watches. Any other person assuming such position is neither - authorised nor recognised Stewart. Uawaon and Co. nPHE CORRECT TIME can be had by taking I your Watch or Clock to R. Kennett, Prao tical watchmaker, 183 High street, two doors from Barrett's HoteL The lowest charges in town. First-class -London workmanship. 46*31 GARDEN Tools and Seats. Wire Netting fee., Sx.-D.LC RS REEVES, Dreesmaicer, U4 Armagh street East. Newest Fashions from ipe received regularly. Terms moderate. r EFT-OFF WEARINe APPAREL—Geo I A Watkins, 31 Montreal street Booth, Jβ a liberal purchaser of the above. Appointments by letter or otherwise promptly attended t0.8223 MEN'S Beaverskin Trousers Reduced to Ss 6a. Parker and Tribe, 199 Casbel Bnreet. next shoo to Ballaatrae'a.