Page 8 Advertisements Column 3

New Zealand Herald, Volume XVIII, Issue 6145, 28 July 1881, Page 8

; ' Gaisetteiri Bankruptcy. - " / - IN THE SUPREME COURT OF NEW ZEALAND, NORTHERN DISTRICT. IST BANKRUPTCY. : , In the matter of "The Debtors and Creditors Act, 1376/' and the several amendments thereto, and of the Bankruptcy of JOHN HOBBS, of Whangaparau, Farmer, a Debtor. Notice la hereby given ttiat It is my inUntion to apply to this Honourable Court, on WEDNESDAY, the 10th. day of August, 1881, at the hour of II o'clock in the forenoon, or as. soon thereafter as I can be heard in that behalf, for an order of immediate discharge under the 184 th Section of tho said Act. Dated at Auckland this 27th day of July, 18S1. JOHN HOBBS. 1 Prospects. BRIDGEB PRO SPECTUS OF XHB EAST COAST NATIVE LAND AND SETTLEMENT COMPANY (LIMITED). Capital, £500,000,, in 100,000 shares of £3 each whereof 70,000 will be allotted; to the Aboriginal Native contributors of land, called " Original" Shares," and 30,000 to European subscribers of capital, and called " Capitalist Shares." First issue of Capitalist Shares 20,000, payable as" follows:—ss on application, 5s on allotment; subsequent calls, if they are required, not to exceed 5s each, nor to be made at intervals of less than three months. PROVISIONAL DIRECTORS. Hon. W. H. Reynolds, M.L.C., Dunedin | John Barraclough, Esq., Oamaru ' Horace Bastings, Esq., M.H.R., Dunedin | J. Buchanan, Esq., J.P., Napier *« W. Buchanan, Esq., Auckland Jo3eph Bennett, Esq., Auckland' William Coloman, Esq., Auckland J. M« Dargaville, Esq., Auckland G. Fenwick, Esq., Dunedin C. A. DeLautour, Esq., M.H.R., Gisborne Allan Mac Donald, Esq., M.H. R., Gisborne - D. H. Mackenzie, Esq., Auckland F. J. Moss, Esq., Auckland Wiremu Tere, Native Chief, Gisborne Henare Potae, Native Chief. Tokomarau Bay J. B. Poynter, Esq., J.P., Gisborne C. A. Pritchard, Esq., Chris tchurch D. Proudfoot, Esq., Dunedin . * G. M. Reed, Esq., Gisborne R. C. Reid, Esq., M.H.R., Hokitika R. H. J. Reeves, Esq., M.8.R., Nelson . H. C. Robjohns, Esq., Napier Major Ropata, Native Chief, Tokomarau Bay J. M. Shera, Esq., Auckland R. Stout, Esq., Dunedin ] "NY. H. Tucker, Esq., J.P., Gisborne J. S. M: Thompson, Esq., Wellington R. "Wilson, Esq., Dunedin MANAGING DIRECTORS (appointed for tho first twelve months): J. M. Dargaville, Esq., Auckland J. Friar Clarke, Esq., Auckland J. S. M. Thompson, Esq. (Messrs. Thompson and Shannon), Wellington J. Liddle, Esq. (Messrs. Banner and Liddle), Napier Allan McDonald, Esq., M.H.R., Gisborne J. B. Poynter, Esq..(Chairman County Council of Cook), Gisborne C. A. DeLautour, Esq., M.H.R., Gisborne Wiremu Pete, Native Chief, East Coast Major Ropata, Native Chief, East Coast I SOLICITORS : . i Wellington—Messrs. Sievwright & Stout I Gisborne—W. L. Rees. 1 BANKERS : The Colonial Bank of New Zealand. BROKERS AND AGENTS : Auckland—Members of Brokers' Association Dunedin—J. B. Bradshaw Oamaru —Joseph Booth Christchurch—T. B. Craig Wellington-—Lidbettcr & Cooper ' Napier—M. R. Miller. HON. SECRETARY: F. J. Moss, M.H.R., Wellington. The following is an epitome of the objects of the Company as detailed in the Prospectus, which may be obtained from the Brokers and at tho various Branches of the Colonial Bank :— The object of the Company is the Voluntary Association of the owners of Native Lands with European Capitalists, for the purpose of promoting settlement on the lands on the East Coast of the North Island of New Zealand. It is intended to bs attained by the Native Owners contributing blocks of land at original or unimproved values, receiving paid-up Bhares in the Company for the same; the European Shareholders contributing capital to be called up In fixed and limited amounts as may be found requisite for conducting the operations of the Company,. It is intended that the cash capital raised shall bo employed in defraying expenses of management, completing titles, effecting surveys and subdivision into farm and township lots, opening means of access, conducting tho sale and leasing of lands, promoting the formation of Special Settlement parties from England and elsewhere, making advances to settlers on security, and generally in utilising the lands and property vested in the Company to the best advantage. The Company is at present registered under "The Joint Stock Companies Act," with a nominal capital of £25,000, by the promoters, who. finding it necessary to increase their operations, transfer their interests to the extended proprietary, retaining 1000 paid-up Capitalist and 1000 paid-up Original Shares in tho Company. The Government having abandoned the purchase of Native lands, tho Native owners in the Poverty Bay and East Coast districts being strongly desirous of opening their lands for settlement, in a manner mutually beneficial to themselves and such Europeans as may be desirous of becoming associated with them on the principles proposed in the Prospectus, havo, after making provision for their own requirements, entered into contracts for passing over large areas of valuable land to the Company, at prices based on those of former Government purchases, receiving shares in payment for the same. It is anticipated that the Company will be able to dispose of its lands to great advantage, as under its control, and with its guarantee, title will be absolutely good, while all lands purchased will be at once placed under the "Land Transfer Act," and will be sold from time to time for cash, or on long deferred payments, and generally in accordance with the regulations guiding tho disposal of the waste lands of the Crown. The Capitalist Shares will be preferential, having secured to them a minimum of eight per cent, per annum as a first charge on the profits, with a further division of profits in proportion to the capital Invested. Five Directors will bo elected by the Capitalist Shareholders, and four by the Original Shareholders, the qualification of a Director being the possession of not less than fifty shares. The Capitalist Shareholders will, under regulations, be entitled to purchase Lands of tho Company for their own bona fide occupation, surrendering their shares in payment, which shall be accepted as value for ten per cent, over the amounts paid up. The Native Shareholders will also be entitled, under regulation, to select reserves for their own occupation, surrendering their shares in payment. Ten thousand shares will be set apart for sale in Britain to u tending bona fid* settlers, and an officer of the Company will be located in England, to send out Special Settlement Parties for the Company's Lands. To prevent he improper diversfo n of the Natives interests, original shares given in the purchase of Lands will not be transferable without the consent of a Native Committee, and the approval of the Directors. On these principles it is believed that the formation of the Blast Coast Native Land and Settlement Company will provide for the natives the readiest and most beneficial method of placing their Lands for sale and settlement, while the great and growing demand in Great Britain among intending emigrants for Land in tho Colonies, and tho ever unsatisfied demand for land among would-be settlers in tho Colony itself, the well-known fertility of the Poverty Bay and East Coast lands, their suitableness for extensive settlement, and the greatly enhanced value which must be inevitably given to lands there situated by the promotion of settlement in this wholly undeveloped district, combine to present to capitalists investing a prospect of remuneration, and an extension of sphere for the operation of capital, probably unequalled by any other proposal yet submitted in the colony. The Memorandum of Association may bo seen in the hands of the Solicitors and Brokers of the Company, and detailed prospectuses and forms of application for shares may be had from tho Brokers and at the various offices of the Colonial Bank of New Zealand. JgIBLE. AND PRAYER UNION. ■ AUCKLAND BRANCH,Members' Cards, containing their" number on tho Roll, the Principles of the Union, anda Calendar, of Chapters forA'ear, sent on receipt of name andaddress, with a twopenny stamp, on application to Mr.Brakenrig, Young Men's Christian Association.