Page 3 Advertisements Column 5

Hawera & Normanby Star, Volume III, Issue 331, 28 October 1882, Page 3

P,R.O S P -E. C T 3 U 3 I.'> > ' OP f 'T3(IE ' ? '• AUCKLAND NATIVE LANDS COLONISATION COMPANY (Limited). CAPITAL ' ! . '... £500,000, In 500,000 shares of £1 each. 200,000, shares are now offered to the public, 300,000 shares to be reserved , for ..Natives .and future issues. ' . Is. payable on Application ; Is. upou allotment. Calls not to exceed Is. : each;^'be made at intervals of not less than three months. Provisional Directors : J. Chambers W. R. Vines ' C. C. McMillan T. T. Masefield F. R. Claude • John Reid G'eo. iHoldship ' lvennedy Hill Huiraina Puke ' Franz Scherff J. B. Whyte, Major Jackson . . M.H.R. Captain Colbeck G. B. Morris, Ko Kaukiuta M.H.R. (With power to add to their number.) Bankers — Bank of New Zealand. Solicitors — Jackson and Russell. 'Secretary pro tern. — Franz Scherff. The objects of the Auckland Native Lands Colonisation Company (Limited) arc the acquisition and settlement of Nativo Lands in the North Island of New Zealand, upon terms which will be to the mutual advantage of the Native ownors, of the shareholders in this Company, and of the colony in general. ' >. In order to carry out this object it is proposed — 1st — To acquire interests in land in ' ' such way as the natives may prefer, either by purchase, by ; '. lease, or by acting as their agents on such terms as may be agreed Upon. ' 2nd — To pay for such interests acquired at the option of the native owners, either cash, paid-up shares, or debentures for the whole or any part thereof, as the circumstances and mutual advantage may dictate. 3rd — To allow the native owners who take up paid-up shares, interest at the rate of 5 per cent, upon the amount of the paid-up shares in excess of the amount paid up on contributing shares. 4th — To issue to any native owner declining to take cash or paid lip shares debentures of stipulated amounts, bearing interest at 5 cent. 5th — The capital required to carry on necessary operations of the company to be provided by Colonial and European shareholders, and such capital shall be employed in defraying expenses of management, completing titles, effecting surveys and subdivisions into farms and township lots, opening means of access, conducting the sale and leasing , of lands, promoting the formation of special settlements, [and generally in utilising the lands vested in the company to the best advantage. . ■ , . 6th— To set apart and legally secure adequate and inalienable reserves for the benefit of the native owners. 7th— To convey to the Government an agreed percentage of land as required for public works and other purposes, at a figure slightly ■ „ , in advance of cost price. 8th — To induce native owners to become large shareholders, to settle permanently upon lands , the titles to which have been individualised, and to be represented on the directorate. It is {i well-known fact that the profits arising from the purchase and sale of native lands in the North Island' are enormous, and it is equally well known that such profits have up to the present time been confined to the capitalist alone; because of the many obstructions arising from tlie laws relating to native lands, aud to the large expenditure of money required for purchasing the same. The Auckland Native Lands Colonisation Company (limited) presents to small investors advantages identical with, and, in. excess of, those enjoyed at present only by capitalists, the shares having been fixed so low that men of small means .may be placed on the same footing as the capitalist. No more fitting opportunity than the present could be seized for the purpose of attaining the objects aimed at by the company, because — 1st — The quantity of fertile Crown lands in the North Island at the present time available for settle- " • nient is insufficient to meet ise demand. 2nd — The Government have ceased operations m' purchasing native lands. i ' i .3rd — The natives owning land in the , King country are almest unanimous in their desire to bring their valuable lands under the operations of the Land Court, ' ' and dispose of them 'to Euro- " peans.' confidently anticipated that the Government will favor the . establishment .of this company, which will go far to relieve them from all anxiety about pro- . viding for the future' wants v of the natives. . • • • • . <■ ■* This company will place all land acquired under " The Land Transfer Act," so that the title will be indefeasible, and it will then be able to dispose of the same at great advantage. The land .will be sold for cash, or on deferred' payment,. or disposed of in tne manner ' most Conducive to the interests -of shareholders. Applications for snares will be received, by/tbe.se'cre'tary,! at. his offices, Fort-street, until Tuesday, the 31st of Odtobely 1882. , ..-,!-. » j '_• 'iii' ' '. ' •■ •n* • i . , i • ; Agent for Opunake, Manaia, Hawera, , - ami ,- jyjupfuttc, : „ .., } P. QALYIN," , , LAND AND GENERAL AGENT. KA U R'l ''TI M BE R. To close consignments, the balance, some 17,000 feet, ' Will be s'dl'd at the following prices, for lots of 1000 feet and upwards: — " •' i/i ' '>y /' -Rusticated • .'.. ;'; ' ... "13^.' ' 1 11 < '-.>:. > •'... 12«. ' ! 'W. MURRAY THOMSON, '■""• 729tc •<!'•' ' Auctioneer. 1 ' !