Page 8 Advertisements Column 6

Press, Volume XLV, Issue 7157, 19 September 1888, Page 8

Public Companies. ; TEMPORARY OFFICE: 56 Margaret street, Sydney. PASTORAL FINANCE, TRUST AND AGENCY COMPANY OF AXJSTRA LASIA (LIMITED). Objects.—This Company has been formed for the purpose of establishing, upon an advantageous and comprehensive Basis, a pastoral, agricultural, and commercial agency and finance 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 con- j stituents 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 ComDEBENTURES. 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 nrst issue of shares will, in he first instance, be reserved in the following proportions to supply applications from eacb colony, viz.:—New South vVales, 300,000 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 i 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 exceeding the rate of eight pounds per cent, per annum upon the paid-up capital. (b) An appropriation at a rate not exceeding 2 per ceut. 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 dividend, 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 businesses 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 Allen, 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 Hawthorne, Brisbane, Queensland. Able and experienced management in each department 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 stationholders 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 application call upon shares; and I agree to accept the name 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 H±.iJ£i<'OitD STREET, Christchurch. 381 Properties for Sale TO SHEEP^FARMERS. FOR SALE. 1 Oftft ACRES RAKAIA,ActonRun; /»OQ ACRES ROLLESTON 1 QftQ ACRES RANGITATA 1 a |\/» ACRES HINDS Mostly unimproved, and all For Sale at really payable figures. Also, IMPROVED FARM or -a (}-% /» ACRES on the HINDS, Adjoining the above block. A really u*efa all-round Farm. Also. "Within four miles of CHRISTCHURCH, XT ACRES of GRAND GRAZING LAND O 4 with House, Stabling, &c Also, . TOBKLET, TAKE AND piVANS. Agents, 7276 Hereford street Chambers. " T KNOW a bank where the wild thyme 1. blows, where oxslipa and the nodding violet grow" —on a £15 section at ilemington.—"Midsummer Night'a Dream." " V%/E carved not a line, and we raised not i T t a stone, bat we left him alone with his glory"—on a £15 Flemington section. — Wolfe, _____ " A THING of beauty is a joy for ever" / .£_ —such is a £15 Flemington section.— * Ji.ndrmion." . " Q£ wise to-day, tie madnese to defer"— O and purchase a £15 FJeminjton section, —Young's "Night Thoughts." , " AT OW, good digestion wait on appetite, and health on botfc"— by purchasing a £S5 section at nemington.— Macbeth. ■* "M IJj make assurance doubly sore, and take _l a bond of fate"—by purchasing aOS Flemington section. —"Macbeth.