Page 3 Advertisements Column 4

Kumara Times, Issue 824, 22 May 1879, Page 3

WESTLAND LAND and ESTATE COMPANY. Capital ..» ... '.',, ... .£iooo, In 2000 Snares of 10s each, payable as follows :—2s 6d on application, aiid 2s 6cl a month until the whole is paid Up, £or the purpose of purchasing the following properties J House and Section, 33 x 99 feet, in Sewell street, Hokitika j 2 sections 33 x 99 feet each, adjoining above. Section i 4, Arahuraßoad, at junction - of the Christchurch Itoad and the ,•. proposed railway, which will be divided into 20 building allotments. On one of the allotments there is a large, five-roomed house* with five-stalled stable, chaff room, . and hay shed. Through the land runs, it is confidently asserted, the front beach lead of gold, and the promoter is positive that the property will shortly increase in value, as the railway is about being started. The shareholders will determine, when the share list closes, how the properties will be disposed of, and may depend on the titles being perfect. As many intending shareholders wish the promoter to make a definite proposal in reference to the disposal of the above properties, I will guarantee them to receive 7 per cent per annum on their outlay for seven years, after which the interest will be reduced, and shareholders wishing to withdraw will be paid their money in full.

The scrip of the above Company being ready for issue the promoter will hold one-half of it. The balance will be offered to the public, and one-half the the capital so raised will be applied to paying off the incumbrances on the property, the other half to improving ifc under the superintendence of Trustees and Auditors elected by the shareholders. Applications for shares to be made to ROBERT WRIGHT, Arahura Road,