Page 1 Advertisements Column 4

Daily Telegraph (Napier), Issue 3145, 27 July 1881, Page 1

Prospectus. A BRIDGED pEOSPECTUS OF THE EAST COAST NATIVE LAND AM SETTLEMENT COMPANY, (Limited.) Capital £500,000, in 100,000 shares of £5 each whereof £70,000 will be allotted to th< Aboriginal Native contributors of land called "Original Shares," and 30,000 to Euro pean subscribers of Capital, and called " Capi talist Shares." First issue of Capitalist Shares 20,000, payable as follows :—r>s on application, 5s on allotmer>t: subsequent calls, if they are required, not tc exceed 5s each, nor to be made at intervals ol less than three months. Provisional Directors : Hon. W. H, Reynolds, M.L.C., Dunedin John Barn-acloueh, Esq, Oamaru Horace Bastings, Esq, M.H.R., Dunedin J. Buchanan, Esq, J.P,, Napier W. Buchanan. Esq, Auckland Joseph Bennett, Esq, Auckland William Coleman, Esq, Auckland J. M. Dargaville, Esq, Auckland G. Fenwick, Esq, Dunedin C. A. DeLautour, Esq, M.H.R., Gisborno Allan M'Dnnald, Esq, M.H.R, Gisborco D. H Mackenzie. Esq, Auckland F. J, Moss, Esq, M.H.R., Auckland Wiremu Pere, Native Chief, Gisborne Benare Potae, Native Chief. Tokomaru Bay J. B. Poynter, Esq, J.P., Gisborne C. A- Pritchard, Fsq, Christchurch D. Proudfoot, Esq, Dunedin G. M. Reed, Esq, Gisborne R, C. Reid, Esq, M.H.R., Hokitika R. H. J. Reeves, Esq, M.H.R., Nelson H. C. Robjohns, Esq, Napier Major Ropata, Native Chief, Tokomaru Bay J. M; Shera, Esq, Auckland R Stout. Esq, Dunedin W. H. Tucker, Esq, J. P., Gisborne J. S M. Thompson, Esq, Wellington R. Wilson, Esq, Dunedin Managing Direbtoks : sjssm? q - } Gisb °™ J. S. M. Thompson, Esq , Wellington Pere Ropata, East Coast Solicitors : Wellington— Messrs Sievwright and Stout Gisborne—W. L. Rees Bankers : The Colonial Bank of New Zealand Brokers and Agents*. Auckland—Alexander Saunders Dunedin—J. B. Bradshaw Oamaru—Joseph Booth Christchurch—T. B. Craig Wellington—Lidbetter and Cooper Napier—M. R. Miller Hon. Secretary : F. d. Moss, M.H.R., Wellington The following is an epitome of the objects of the Company as detailed in the Prospectus, which may be obtained from the Brokers and at the various Branches of the Colonial Bank :— The object of this Company is the Voluntary Association of the owners of Native Lands with European Capitalists, for the purpose of promoting settlement on the lands on the East Coast of the North Island of New Zealand It is intended to he attained by the Native owners contributing blocks of land at original or unimproved values, receiving paid-up shares in the Company for the same; the European Shareholders contributing capital to be called up in fixed and limited amounts as may be found requisite for conducting the operations of the Company. It is Intended that the cash capital raised shall he employed in defraying expenses of management, completing titles, effecting surveys and subdivision into farm and township lots, opening means of access, conducting the sale and leasing of lands, nromoting- the formation of Special Settlement parties from England and elsewhere, making advances to settlers on security, and generally in utilising the lards and property vested in the Company to the best advantage. The Company is at present registered under '* The Joint Stock Companies Act," with a nominal capital of £25,000, by the promoters, who, finding it necessary to increase their operations, transfer their interests to the extended proprietary, retaining 1000 paid-up Capitalist and 1000 paid-up Original Shares in the Company. The Government having abandoned the purchase of Native lands, the Native owners in the Poverty Bay and East Coast districts being strongly desirous of opeaing their lands for settlement, in a manner mutually beneficial to themselves and such Europeans as may be desirous of becoming associated with them on the principles proposed in the Prospectus, have, after making provision for their own requirements, entered into contracts for pass'ng over large areas of valuable land to the Company, at prices based on those of former Government purchases, receiving shares in payment for the same. It is anticipated that the Company will be able to dispose of its lands to great advantage, as under its control, and with its guarantee, title will be absolutely good, while all lands purchased will be at once placed uuder the " Land Transfer Act," and will be sold from time to time for cash, or on long deferred payments, and generally in accordance with the legulations guiding the disposal of tho waste lands of the Crown. The Capitalist Shares will be preferential, having secured to them a minimum of eight per cent per annum as a first charge on the profits, with a further division of profits in proportion to the capital invested. Five Directors will be elected by the Capitalist Shareholders, and four by the Original Shareholders, the qualification of a Director being the possession of not less than fifty shares. The Capitalist Shareholders will, under regulations, be entitled to purchase lands of the Company f( r f hcir own bona fide occupation, surrendering their shares in payment, which sliail be accepted as value for ten per cent over t':.e amounts paid up. The Native Shareholders will also < n . entitle;, under regulation, to select-reserves for iheir own occupation , surrendering their ah-ueb in pnymei.t. T t n thousand shares will be set ?,part for sale in Bri-.ain to intending bona fide uzttlprx, and an officer of rhe Company will be located iv England, to send out Special Setc'cment Parlies for the Company's Hnds--3 o prevent the improper diversion of tlie Natives' 'nterent, original shares given in the purchase of iands will nit be transferable without the consent of a Native Committee, and the approval cf the Directors On these principles it is believed that the formation of the East (.'oast Native Laud pnd Settlement Company will provide for the natives the _ readiest and most beneficial method of placing their Lands for sale and settlement, while the great and growing demand in Great Britain among intending emigrants for Land in the Colonies, and the ever unsatisfied demand for land among the would-be settlers in the Colony itself, the well-known fertility of the Poverty Bay and East Coast lands, their suitableness for extensive settlement, and the greatly enhanced value which must be inevitably given to lands there situated by the promotion of settlement in this wholly undeveloped district, combine to present to capitalists investing <i prospect of remuneration, and an extension of sphere for the operation of capital, probably unequalled by any other proposal yet submitted in the colony. The Memorandum of Association may be seen in the hands of the Solicitors and Brokers of the Company, and detailed prospectuses and forms of application for shares may be had from the Brokers and at the various offices of the Colonial Bank of New Zea--1 and. MELBOURNE CUP. TTOOPER'S CONSULTATION. 1000 Members at £1. Ist horse £300 2nd horse £200 3rd horse £100 Starters .. .. -• •• £200 Non-starters £200 £1000 Payable pro rata according to number of sub The above Sweep will be conducted on the same principle as Mr Hooper's former one on the " Napiei Handicap, 1881, " all subscriptions being lodged ir the Union Bank, and paid by cheque on the signatures only of R. Piucb, and S. HOOPER, Secretary. [A card.] It IT ELBOURNE SEANCI 2000 MEDIUMS. £1000, £350, £150. Starters £200 Non-starters £100 All net. By letter only with stamps for reply. Results in tiD'.ated. _ T. BOLAND, Champion Hotel, Fitzroy, Melbourne. AGRICULTURAL IMPLEMENTS. A. JONES. TT7" AIPUKURAU SMITHY Winner of the Champion Cor at the Agricultural am Pastoral Society's Show, Hastings, for the best collection of Agricultural Implements. ' Every kind of Agricultural Machinery MADE an l REPAIRED pn the premises,