Page 4 Advertisements Column 2

Daily Telegraph (Napier), Issue 3757, 31 July 1883, Page 4

County Council IVotices. Hawke's Bay County Council, Napier, July 25, 1883. TENDERS will be received at this office up to noon of SATURDAY, August 4th, for reforming about 70 chains of road commencing at near Captain Russell's plantation gate and running towards Omahu. Specifications can be seen at this office. ■ G. T. FANNIN, Clerk, 0.C., H.B. Itoaul l»oarrf notices. I HEREBY give notice that, an Extraordinary Vacancy having occurred in the Petanc Road Board, I appoint FRIDAY, August 3, as tho date, and_ the Petano School-room as the place at which I will receive nominations of Candidates. A. HAMILTON, Returning Officer. Proswcctnscs. NEW ZEALAND LAND MORTGAGE COMPANY (Limited). To be incorporated under the English Joint Stock Companies Acts. Capital £2,000,000 In 200,000 Shares of £10 each. First issue 50,000 shares of £10 each, £500,000. Head Colonial Office .. .. Auckland. Deposit on application, 5s per share; payable on allotment, 5s per share ; further calls not exceeding £1 in the whole will hereafter, from time to time, be made as may be required, but it is not proposed to call up more than £1 per share in all. Colonial Directors — Samuel Browning, Esq., Deputy Chairman of the N.Z. Insurance Company ; Thomas Buddie, Esq., Director of the N.Z. Insurance Company ; John Logan Campbell, Esq., Director of the Bank of New Zealand: James M'Cosli Clark, Esq., Director of the N.Z. Insurance Company, Auckland ; David LimondMurdoch, Esq., General Manager Bank New Zealand, Auckland ; George Burgoyno Owen, Esq,, Director of the Bank of New Zealand ; Thomas Russell, Esq., C.M.G., Director of N.Z. Loan and Mercantile Agency Company (limited), London; the Hon. James Williamson, M.L.C., President of the Bank of New Zealand; the Hon. Fred. Whitaker, M.L.C., Premier of the Colony of New Zealand : Joseph Liston Wilson, Esq., Director of tho N.Z. Insurance Company ; (with power to add to their number). Bankers— Tho Bank of New Zealand. Solicitors— Messrs Whitaker and Russell. Secretary, pro. tern. — James Buttle, Esq. Offices— N.Z. Insurance Company, Queen street, Auckland. The institution is to be formed for the purpose of transacting the business of a Loan and Investment Company. It is proposed to raise money in Great Britain, by the issue of debentures at English rates of interest, to bo lent upon approved estates within the colony of New Zealand; the difference in the rates of interest constituting the main source of profit to the company. The Company will also, on commission, receive money for investment in New Zealand, in the name of the lender or of the Company, and cither with or without the Company's guarantee. The borrowing powers of the Company, whether on debentures or otherwise, will be limited to the amount of the uncalled capital. The investment of the debenture money on good securities will afford a guarantee of safety alike to the debenture-holder and shareholder in the Company. Sound institutions of a similar character have no difficulty in placing their debentures at low rates of interest, and it is believed that this Company will readily secure the wholo amount of money needed for successfully carrying on its operations. All such companies, well managed, have been successful, affording the most complete security to those who lend on the Company's debentures, and to the shareholder who invests his money in the undertaking and extends it to his guarantee. The following table shows the names of similar undertakings, and indicates the success which has followed their operations : — 1 -1 3 r -° < $ §. v 3 £ "a | M I £ iVi ** „ il-a si ° » Name of Company. - _ 5" fe _.c " _ ci"3 j--5 _ "S J - g _ J-533 ■5" s c 3 « c 3 .i. ; a 3 -> £ W . <J •5 _ : Australian Mortgir/e. | Land, and Finance ) Company .. .. 26 5 17J-18 20 p.c. 300,000 New Zealand Tni'l and Loan Cunpati\ 25 5 18-1!) 20 p c 110,000 New Zealand Loan and Mercantile Agency Company.. 25 2J SJ-6J 15p.c 210,000 An important feature in connection with this undertaking, and which must ensure to it good management and economy in administration, is that the Directors have arranged with the New Zealand Insurance Company, on very favorable terms, for the use of their offices and agencies throughout the whole of tho colony. The Directors attach great importance to this arrangement, behoving that through it they have secv.rcd an efficient agency at the minimum of cost. Those who arc most intimately acquainted with tho colony know that, though there arc several similar companies in full work in Now Zealand, yet the field is not half occupied, and that a very large amount of capital is still urgently needed to develop the enormous resources of the colony. The Directors feci tho greatest confidence that there is an ample field for success of the Company. The Company will be registered in England, and the necessary steps will be taken forthwith to issue the shares in London and secure a quotation on the Stock Exchange, after which the colonial applicants will have their shares placed on the colonial register. There will be an English and Colonial Register, and the shares will be transferable from one register to another. There will bo a London Board of Directors, and several influential New Zealand colonists havo agreed to act as Home Directors. It is also intended to place a large number of the shares in Great Britain. Tho capital of the Company has been fixed at £2,000,000. Shares will bo issued from time to time as tho Company progresses and the capital is required. The object of this notification is to ascertain the names of those who aro willing to take shares in the proposed Company. The first issue of shares will bo limited to 50,000, and will be made in London. Of this issue as many as possible will be subscribed for there, on behalf of those who respond to this application, but the Directors do not bind themselves to any allotment, and reserve the right to refuse an allotment; if no allotment be made, the deposit will be returned in full. More than one-half the proposed colonial allotment is already subscribed for. - Application to be made at any of the offices ' of the New Zealand Insurance Company, or Bank of New Zealand in New Zealand I (where forms can be had), on or before 7th ] August next. Auckland, 23rd July, 1883. _■' __ l Sales hv Mr Ryan. J AUCTIONEER, STOCK, STATION LAND and GENERAL COMMISSION AGENT. rPHE undersigned having leased the JL premises lately occupied by Messrs Kennedy and Gilbnan, Tennyson-street, Napier, begs to notifiy that ho has commenced business as above. Sales of Fat and Store Stock effected, Loans negotiated, Rents and Debta collected, Sales of Grain and all other Colonial produce held when required. Wool, Skins, etc., consigned to mo for sale or shipment as well as all other business will have prompt attention. Sales conducted in t<nvn or country. Storage for Grain and Produce free of charge. Agent at Hastings, Mr J. Thomas Wood T who Avill receive entries for Sales, etc. T. J. RYAN, Tennyson-street, Napier