and towns in the most favourable situations — and the gradual re-sale of such lands according to the value bestowed upon them by emigration and settlement. It is also proposed that, to facilitate the transmission of capital between England and New Zealand, the Company shall act as agents for that purpose only. Such an undertaking affords peculiar advantages to the employers of a large combined capital, and is further suitable to a Company, inasmuch as it can neither impede individual enterprise, nor is liable to the competition of individuals, and is capable ofbeing managed at little expense for agency, and upon a system of fixed routine. Very extensive tracts of most fertile land in situations highly favourable both for agricultural and commercial settlements, have been already purchased and secured for the purposes of this Company ; and an expedition has also been fitted out and despatched for purveying the coasts of New Zealand, making purchases of lands in the most eligible spots, and preparing for the arrival of a large body of settlers, whom it is proposed to establish on the Company's lands during the present year. These important purchases, and the fitting out of the preliminary expedition, (including the purchase and equipment of a fine vessel of 400 tons,) have been effected, at a considerable outlay, by parties, to whom a certain number of paid-up snares, to be determined by arbitration, are consequently to be assigned for a transfer of their interests. Upon the remaining- shares, a call of 10/. per share, (in addition to the deposit,) will be made at the discretion of the Directors, with not less than one month's notice ; and all further calls will, be made at intervals of not less than three -months between each call, and of which one month's notice will be given ; and no call, at any one time, will exceed 10/. per share. The Directors are to have the entire management and control of the funds, formation, proceedings, and affairs of the Company, and are empowered to enter into any arrangements whatever which they may consider conducive to the interests of this undertaking, — to prepare a Deed of Settlement for the management of the Company, and to take any steps that may be thought proper relative to an Act of Parliament or a charter in aid of their plans, application for which. will be made with the least possible delay, and generally to adopt such measures and proceedings with reference to the grants, and disposal of shares, or otherwise, as they shall consider expedient. The shares in the first instance will be issued in scrip receipts, upon which will be indorsed the principal laws and regulations by which the Company is to be governed until a Deed of Settlement shall have been, entered into, or an Act of Parliament have been obtained. Further information on every point connected with the Company may be obtained from the Secretary, at the Office. London, June 20, 1839.
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Page 1 Advertisements Column 4, New Zealand Gazette and Wellington Spectator, Volume I, Issue I, 6 September 1839
Page 1 Advertisements Column 4 New Zealand Gazette and Wellington Spectator, Volume I, Issue I, 6 September 1839
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