Page 3 Advertisements Column 3

Daily Telegraph (Napier), Issue 3763, 7 August 1883, Page 3

Prospectuses. ATEWZEALAND LAND MORTGAGE l> COMPANY (Limited). t . To be incorporated under the English Joint Stock Companies Acts. L . Capital £2,000,000 In 200,000 Shares of .£lO each. First issue 50,000 shares of £10 each, \ £500,000. Head Colonial Office .. ~ Auckland. _ Deposit on application, .« per share; pnyablc on allotment, 5s per share ; further calls not exceeding .€1 in the whole will ' hereafter, from time to time, be made as 11 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 Compsiny ; Thomas Buddie, Esq., Director of the N.Z. Insurance Company ; John Logan Camp--1 bell, Esq., Director of the Bank of New Zealand; James M'Cosh Clark, Esq., Director of the N.Z. Insurance Company, Auckland ; David Limond Murdoch, Esq., General Manager Bunk New Zealand, Auckland ; George Burgoyne Owen, Esq,, Director of the Bunk 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. Whitakcr, M.L.C., Premier of (ho \ Colony of New Zealand ; Joseph Liston Wilson, Esq., Director of the N.Z. In- , suriuicc Company ; (with power to add to their number). Bankers— The Bank of New Zealand. Solicitors—• Messrs Whitakcr and Russell. Secretary, pro. (cm. — 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 be 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 Now Zealand, in the name of the lender or of the Company, and either 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 aud 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 whole 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 opera - — lotions i.|s |, ..■§ j j 2 S _m' t> £ 5-g! :e Name p£ Company. ~i! JS L«.c *% a <£,£ it 551 v 5-f« I s Australian MurtgHge. Lavd and Finance Com puny .. ..25 5 I7}_li «> P c .300,000 New Zealand Timt | and J.oin C'cmpan> 25 5 13-10 20 pc 110,000 New Zvalaiid Loan and ilerciutiie Agency Company.. 25 2J s£-6} 15 p c 1210.000 An important feature in. connection with this undertaking, and which must ensure to it good management and economy in administration, is that the Directors hatfe arranged with the New Zealand Insurance Company, on very favorable terms, for the use of their offices and agencies throughout the whole of the colony. The Directors attach great importance to this arrangement, believing that through it they have seer.red an efficient agency at the minimum of cost. Those who are most intimately acquainted with the colony know that, though there are 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 feel the 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 Avill be 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. The capital of the Company has been lixed at £2,000,000. Shares will be issued from time to time as the Company progresses and the capital is required. The object of this notification, is to ascertain the names of those who are 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 (where forms can be had), on or before '■ MONDAY, August 13th. Auckland, 23rd July, 1883. Sales l>v Mi , Sevan. ! AUCTION SALE. TO-MORROW WEDNESDAY, Bth AUGUST. At 11 a.m. MR. T. J. RYAN Has received instructions from Mr. W. F. Browne (who is leaving Napier) to sell by auction as above, at his Mart— 4 QUANTITY OF HOUSEHOLD ' J\. FURNITURE, Cooking Utensils, (Sire., ifcc. ' Also, 1 Several pairs of Pile Game Fowls, Pigeons, &o. T. J. RYAN, ' Auctioneer. A UCTIONEER. STOCK, STATION • J\_ LAND and L GENERAL COMMISSION AGENT. rpHE undersigned having leased the .JL premises lately occupied by Messrs Kennedy and Gillrnan, Tennyson-street, ' Napier, begs to notifiy that he lias comi menced business as above. 1 Sales of Fat and Store Stock effected, Loans negotiated, Rents and Debts col--5 looted, Sales of Grain and all other Colonial produce held when required. 1 Wool, Skins, etc., consigned to me for ' sale or shipment as well as all other business ■ will have prompt attention. Sales conducted in town or country. Storage for Grain and Produce free of 1 charge. t Agent at Hastings, Mil J. Thomas Wood • who will receive entries for Sales, etc. T. J. RYAN, _ Fennyson-street, Napier E Sales by Woo«l & Co. j W" ° ° 13 and , r\ o. Have received instructions to sell by Auci tion on SATURDAY, August 11, at 2 p.m., at their Rooms opposite the Bank of New Zealand, Hastings— AQUANTITYopFURNITURE, CLOTHING, unci MisccUjinewa Goods.