Page 4 Advertisements Column 4

Evening Post, Volume XXXII, Issue 25, 16 June 1886, Page 4

PEO9PEGTUS OP THE WELLINGTON BUILDING AND INVESTMENT COMPANY (Limited). To be Registered under "The Companiei Aot, 1882." Capital, .£lOO,OOO in 10,000 Shares of £10 each (of which it ia intended to make provision at present to call up JJS), -with power to increase. Payment for Shares b3' Instalments extending, if desired, through a number of years. Provisional Diekctort : J. B. Biair, Etq., J.P. (Lyon & Blair) (Chairman; James Barry, Esq. (Barry & MTowell) Wm. Dawson, Esq., J.P. (Wm, Dawson & Cs.) * T. G. Macarthy, Esq., J.P. (Brewer) James il'Kerrow, Esq., J.P. (SurveyorGeneral) Joseph Nancarrow, Eiq. (Inspector of Machinery) R. SI. Simpson, Esq., J.P. (Manager N.Z. Insurance Co.) Bankers : The Bank of New Zealand. Solicitous : Messrs. Buckley, Stafford, & Barton. Intebim Secbetaet : B. M. Simpson. The increasing importance of Wellington and the surrounding district is creating ample room for the establishment of another financial institution. It is therefore determined to float the above Company, with the following objects in view : — Ist. To assist persons desirous of aoquiring 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 and 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 be 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 business botween them, and so secure a fair share of advantage to each. ' To the working man an opportunity will be given to invest Barings in the most advantageous manner possible. To the man of some small means there will be a safe mode of realising the highest rate of interest for his money without any care or anxiety on his part as to the issue. To the capitalist thorp 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, oven in these comparatively dull times. The scheme, thereforo, is launched with the greatest _ assurance of suocesß, as it must be admitted that the tendency will bo for values to improve immediately the oloud of depression lias passed away from the oommereial world. As confidence returns, undertakings such as this will be carried forward on tho sucooeding ware of prosperity. EXPENSES OP MAVAO-EMBNT. Arrangements are boing made to have the expenses of management on a most economical scale, aB also the legal work. SHARES. Sharos will bo of tho nominal valuo of .£lO each, but it is not intended to make provision to call up at presont moro than per share. This amount will be payable in either one of two ways as may bo selected : — Class I—ss1 — 5s on application, 5s on allotment, and monthly instalments ef 5s per share for eighteen conseoutivo months after allotment, as shall bo dirocted. Tho Board of Directors may permit any such shareholders to pay in advance of the stipulated timo and securo a corresponding benefit, in dividend or intorost, as may bo arranged. Class 2— By monthly payments under special tablo, extending ovor poriods of five, Bix, eight, or ton years, as shall be solooted ; 4>he shares being deemed to bo duly paid up to £X> each when tho whole of tho instalments are paid as agroed upon, until which period the holders of such shares do not othorwiso participate in the Company's profits. It will bo scon by tho tablo below that a porson taking those shares pays in less thau the nominal paid uj) value, and to this extent ho participates in the profits made. In this olass no fower than ton or moro than fifty shares will bo allotted to any one person. No more than one-fiftioth of tho whole number of shares of the Company can bo held by ono person, BXAMPLEPayments in Class 2, for evory 10 shares, paid up to £»> per share — jB5O. ■p. .„ , Per Total Period. Month. Payments, s. d. £ s. d. 5 years ... 14 9 ... 44 5 0 G years ... 12 0 ... 43 4 0 8 years ... 8 6 ... 40 10 0 lOyeora ... 6 3 ... 37 10 0 Every application for shares must be accompanied by a deposit equal to ono month's instalment on the number applied for. Application for shares, acoompaniod with deposits, will bo roceivod at any agoncy of the Bank of New Zealand throughout the district, or by the Secretary, Sir. R. M. Simpson, New Zealand Insuranco Buildings, corner of Grey-stroot and Lambton-quay, Wellington, by whom also overy information respecting the Company will bo furnished. PROSPECTUS OP THE PETONE AND HUTT BUILDING AND INVESTMENT COMPANY (Limited). Registered 12th Mat, 1886. (Limiting tho liability of shareholders to the amount of their pharos.) CAPITAL ,650,000 In 5000-Shabes of .£lO Each - Payable as follows :— 2s Od per share «n application, 2r Od on allotment, and 2s 6d per share thereafter, payable monthly, for 38 successive months (if roquired), and on the first Monday of every month, until £5 per share is paid ; the balance (if required) as the Direotors may appoint. No notice of instalments given to shareholders. Chairman -. Thomas Mason, Esq., Bottler, Taita, Hutt Directors : Edward Barber, Esq., settler, Petone Charles P. Beatson, Esq., architect (Civil Service), Hutt George Carter, Esq., builder, Potono James Hector, Esq., M.D., C.M.G., Petone S. R. Johnson, Esq., timber merchant, Petone W. J. K/rk, Esq. (Civil Service), Chairman Town Board, Petone Bankers : Tho Colonial Bankof Now Zealand. , Solicitor ; R. Clement^ Kirk, Esq. Secretary •. G. Bell Williamson, Esq. AudltjJrs: Brokers : Messrs. Williamson & Co. This Company will combine the advantages derived from the experience of many other similar and sueoessful institutions now working in the colony. The general principle aimed at ia — That tho intorests of all concerned shall bo purely reoiprooal ; the main features being — 1. To provide capital whereby residents arid others will bo enabled to acquire property, freehold or leasehold, in town of country, by means of easy periodical repayments whioh leave a reasonable margin of profit to 'the Company, while being amply protected in point of seourity. 2. To enable persons possessed of land to erect buildings thereon, either by progresspaymonts or in a lump sum, repayable by instalments, or at tho expiration of a fixed poriod of years. 3. To receive deposits, and to afford a safe and profitable investment both for capitalists and during 1 accumulation of smaller savings by others. 4. To grant loans to members on the valuo of their shares ; and, generally, to encourage in every possible way — consistent with sound socurity— members in tho direction of thrift and independence, by enabling them readily to acquire property, and particularly to obtain a comfortable, freohpld home without incurring the exhorbitant charges which so frequently attend private arrangements. 5. It must be obvious to every resident, and to, every observer of the extraordinary progress of these localities, that this Company will provide for. an absolute and urgent necessity which exists at the_ present? time. 6. It is consequently believed that the residents, and tho public generally, ' will warmly welcome and support the advent of such on institution, the first in the district. 7. Also, that they will appreciate the privilege 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 p're-* mium on sueh 1 are required, as, owing to ■their Success, is the 'case with most other financial Companies in the CoTony now ■carrying on business. ■ 8. The Directors will consider each application for shares on its merits, and will allot accordingly,' but' they re»erve the-right,to refuse any allotment absolutely if they shall think fit. In such oases the deposit will be j returned in full. „ „. Applications for shares may be made to I the Seoretary at Wellington and Petone, I either directly, or through the Brokers of the Company," or any Agents. Every application must bo accompanied by the required deposit, or. by a. receipt from any Branch of tho Colonial Bank' for the amount of auohdeposit. t Application forms may be obtained from, the Secretary and Brokers, 'their Agents, or at any Branch of the Colonial Bank of New Zealand. WILLIAMSON & CO., . Star Chambers, 41, Lambton-quay, Wellington. CA S- H BOOT SHOP, .' - MoEESWOBTH'-STBEET.' , , .W. H O O X E'" ! Will hold a • : . CHEAP CLEARING SALE -FOR ONE MONTH . , : Of his Colonial made • ' BOOTS AND SHOES, ' AtpricesneverbeforeheardQf in Wellington. fCbme' and inspect the Stock, and judge for i • t ••■'.., yourselves. • !:, ■< ifIJST MfSOLD; •-■ > ' No ißJußoxAßtji 6ran'Bvvn& ' >, " ; CENTRAL HOTEL, y T*~. "OHEP TEA ma Toast' daily, 10 to 12, 46V JJ Luncheon daily, 18.30 to 3, U. -, , W. J. SCOTT, Proprietor.