Page 4 Advertisements Column 4

Evening Post, Volume XXXII, Issue 23, 14 June 1886, Page 4

PROSPECTUS OF THE WELLINGTON BUILDING AND INVESTMENT COMPANY (Limited). To be Registered under "The Companies Act, 1882." Capital, .£IOO,OOO in 10,000 Shareß of .£lO each (of which it is intended to make provision at present to call up Jfc's), with potrer to increase. Payment for Shares by In»talments extending, if deßired, through a number of year.?. Pr.GvtsioNAL Directory •. J. E. Blair, V.,q., J.P. (Lyon & Blair) (Chairman) James Barry, Esq. (Barry & M'Dowell) Win. Dawson, Esq., J.P. (Wm. Dawson & C.) T. G. Macarthy, Esq., J.P. (Brewer) James M'Kerrow, Esq., J.P. (SurveyorGeneral) Joseph Nancarrow, Esq. (Inspector of Machinery) R. M. Simpson, Eaq., J.P. (Manager N.Z. Insurance Co.) Bankers : The Bank of New Zealand. Solicitors : Messrs. Buckley, Stafford, & Barton. Interim Secretary : . R. M. Simpson. The increasing importance of Wellington and the surrounding district is creating ample room for the establishment of another financial institution. It is thoreforo determined to float the above Company, with tho following objects in view : — Ist. To assist persons desirous of acquiring property. 2nd. To utilize savings to the best advantage, by enabling persons to contribute according to their means, and by proper investment to secure the highest available rate of interest. 3rd. To enable persons desirous of borrowing on security of property, to do so at a fair rate of interest ana to provide an easy mode of liquidating the principal. 4th. By conditions of contributions for shares, and by various table, to provide moans for accumulating funds to meet any special requirement, such as endowment for children or provision for old age. The Company will bo essentially mutual in its operations, as its entire aim will be to promote the best interests of borrowers and lenders by becoming tho medium of businoss between them, and so secure a fair share of advantago to each. To the working man an opportunity will bs given to invest savings in the most advantageous manner possible. To the man of some small moans there will be a safe mode of realising the highest rate of interest for his monoy without any care or anxiety on his part as to the issue. To the oapitalist there is an opening for him to utilise some portion of his wealth in a useful and profitable manner. Tho want of such a Company as proposed is distinctly felt, even in these comparatively dull times. Tho schome, therefore, is launched with tho greatest assurance of success, as it must be admitted that the tendency will be for valuos to improve immediately the oloudof depression has passed away from the commercial world. As confidence returns, undertakings such as this will be carried forward on the succeeding wave of prosperity. EXPENSES OF MANAGEMENT. Arrangements are being mado to have the oxpenses of management on a most economical scale, as also the logal work. SHARES. Shares will bo of tho noml.i.. 1 /rOue of JEIO oaoh, but it is not intended to mako provision to call up at prosont more than £5 per share. This amount will be payable in either one of two ways as may be selected : — Class I—sa1 — 5a on application, 5s on allotment, and monthly instalments «f 5s per share f»r eighteen consecutive months after allotmont, as shall be directed. The Board of Directors may permit any such shareholders to pay in advance of the stipulated time and seouro » corresponding benefit, in dividend or intorost, as may be arranged. Class 2— By monthly payments under special table, extending over periods of five, six, eight, or ten years, as shall be solooted ; the shares being deemed to be duly paid up to £5 eaoh when the whole of the instalments aro paid as agreed upon, until which period the holders of suoh shares do not otherwise participate in the Company's profits. It will bo seen by the table below that a person taking thoso shares pays in less than tho nominal paid up valuo, and to this oxtont ho participates in tho profits made. In this class no fewer than ton or more than fifty sharos will bo allotted to any one person. No more than ono-fiftioth of tho whole number of shares of tho Company can be hold by one person, HXAMFLEPaymonts in Class 2, for every 10 shares, paid up to £5 per share — J350. pjrfnfl Per Total Period. Month. Payments. s. d. £ s. d. 5 years ... 14 9 ... 44 5 0 6 years ... 12 0 ... 43 4 0 8 yoars ... 8 C ... 40 16 0 10 years ... 6 3 ... 37 10 0 Every application for shares must be a.ccompamod by a deposit equal to ono month's instalment on the number applied for. Application for sharos, accompanied with deposits, will bo recoivod at any agency of the Bank of Now Zealand throughout tho district, or by the Secretary, Mr. R. M. Simpson, New Zealand Insurance Buildings, corner of Groytstroct and Lambton-quay, Wellington, by whom also every information respecting the Company will be furnished. PROSPECTUS OP THE PETONE AND HUTT BUILDING AND INVESTMENT COMPANY (Limited). Registered 12th Mat, 1886. (Limiting the liability of shareholders to the amount of their shares.) CAPITAL ... .T~ je50,000 In 5000 Shares of .£lO Each Payable as follows i — 2s 6d per share an application, 2s Gd on allotmont, and 2s Gd per share thereafter, payable monthly, for 38 Buccossive months (if required), and on the first Monday of every month, until .£5 per share is paid ; tho balaHco (if required) as the Dirootors may appoint. No notioe of instalments given to shareholders. Chairman : Thomas Mason, Esq., settler, Taita, Hutt Directors : Edward Barber, Esq., settler, Petono Charles F. Beatnon, Esq., -arohiteot (Civil Service), Hutt George Carter, Esq., builder, Petono James Heotor, Esq., M.D., C.M.G., Potone S. R. Johnson, Esq., timber merohant, Petone W. J. Kirk, Esq. (Civil Service), Chairman Town Board, Petono BANKERS! The Colonial Bank of New Zealand. Solicitor : R. Clement Kirk, Esq. Secretary : G. Bell Williamson, Esq. Auditors : Brokers : Messrs. Williamson & Co. This Company will oombine the advantages derived from the experience of many other similar and successful institutions now working in the oolony. The general prinoiple aimed at is— That tho interests 'of all ponoorned shall bo purely reciprocal ; the main features being — 1. To provide capital whereby residents and others will be enabled to acquire property, freehold or leasehold, in town or country, by means of easy periodical repayments which leave a reasonable margin of profit to the Company, while being amply protected in point of security. '; •- " 2. To enable persons possessed of land to erect buildings thereon, either by progress- | payments or in a lump -sum , repay ablo by inistalments, or at' the expiration of a fixed period of years. 3. To receivo deposits, and to afford a safe and profitable investment both for capitalists and during accumulation of smaller savings by others. 4. To grant loans tp members on the value lof their shares j and, generally, to encourage j in every possible way— consistent with sound security— members in the direction of thrift' and independence, by eriabling,'them' readily' to acquire property, and particularly 'to obtain a comforta'blo freehold home without incurring the exhorbitant charpos which so frequently attend private arrangements. 5. It must be obvious to every resident, and to evory observer of the extraordinary progress of those localities, that cthis Com- ¦ pany will provide for an absolute and urgent necessity which exists at the present time. 6. It is consequently believed that the residents, and the publio generally, will warmly welcome and support tho advent of such an institution, the first in the district. 7. _ Also, that thoy will appreciate the privilego of obtaining admission. as shareholders to a financial undertaking of this 'description, at ' the commencement of its operations, when no large sum representing paid-up shares, nor the usual heavy premium on such are required, as, owing to their success, is the case with most other financial Companies in the Colony now carrying on business. JB. The Directors will consider each application for shares on its merits, and will allot accordingly, but they reserve the right to refuse any allotment absolutely If they Bhall think fit. In suph cases the qeposit will be returned in full. ' - Applications for shares 'may be mado to ¦ the Secretary at Wellington and Petone, either directly, or throngh'tha Brokers of the Company, or any Agents. Every application must be accompanied by the required doposit, or by a receipt from any Branch of the Colonial Bank for the amount of such deposit. Application forms may be obtained from the Secretary and Brokers, their Agents, on at any Branoh of the Colonial Bank of New Zealand. WILLIAMSON & CO., Star Chambers, 41, 'Lambton-quay, Welli.Bgtpn. CASH BOOT SHOP, MOLEBWORTH-BTREET. W. H O O X E Will hold a CHEAP CLEARING SALE FOR ONE MONTH Of his Colonial mado, BOOTS ASP SHOES, A| prices never before heard of in Wellington , Come and inspeot the Stook, and judge for yourselves. ¦, , MUST BE SOLD. No Reasonable Oppbe Refused. CENTRAL HOTEL. BEEF TEA and Toast daily, 10 to 12, 6d, Lunoheon daily, 12.30 to 2, Is. W. J. SCOTT, Proprietor.