Page 8 Advertisements Column 3

New Zealand Herald, Volume XVIII, Issue 6147, 30 July 1881, Page 8

Prospectus. '" } A BRIDGES PROSPECTUS JA., •■ ■■■ .., -, . . :< :,■.•■■,-. .-•.'■■ -•■•'•■ or the ; EAST COAST NATIVE., LAND. AND SETTLEMENT COMPANY (LIMITED). ' • Capital, £500,000, • In .100.000 of £5 each_. whereof 70,000 wiU be allotted to the Aboriginal Native contributors of land, called "Original Shares " and 20,000 to- European subscribers of capital, and called " Capitalist Shares." ~ First issue of Capitalist Shares2o,ooo, payable • as follows —5s on application, 6s on allotment; subsequent calls, if they are required, not to exceed 53 each, nor to be made at intervals of less than three months. . ; : . ; PBOVI3IOXAL 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- ; : . -..:'.■' Joseph Bennett, Esq., Auckland William Coloman, Esq., Auckland J. M. Dargaville, Esq., Auckland O. Fenwick, Esq., Dunedin ... • - C. A. De Lautour, Esq., M.H.R., Gisbome . - ;. Allan Mac Donald, Esq., M.H. E., Gisbome D. H. Mackenzie, Esq., Auckland F. J. Moss, Esq., M.H.R., Auckland Wlrcmu Pero, Native Chief, Glsborno Henaro Potae, Native Chief. Tokomarau Bay J B Poynter, Esq., J.P., Gisborno C A Pritchard, Esq., Christchurch D Proudfoot, Esq., Dunedin G M Keed, Esq., Gisbome - . • ■ R C Reid, Esq., M.H.R., Hokitlka E. H. J, Reeves, Esq., M.H.R., Nelson ■ H. O. Robjohns, Esq., Napier • . Major Ropata, Native Chief, Tokomarau Bay J M Shera, Esq., Auckland . . R. Stout, Esq., Dunedin W. H. Tucker, Esq., J.P., Gisbome J. S. 11. Thompson, Esq., Wellington E. Wilson, Esq.., Dunedin I , MANAGING DIRECTORS I (appointed for the first twelve months): J. if Dargaville, Esq., Auckland . : ,' J. Friar Clarke, Esq., Auckland J. S. 11. Thompson, Esq. (Messrs. Thompson and ehannon). Wellington J. lAddle. Esq. (Messrs. Banner and XJddleJ, Napier Allan McDonald, Esq., M.H.R., Glsborne J. B. Poynter, Esq. (Chairman County Council of Cook), Gisbome C. A. DoLautour, Esq., H.H.R., Glsborne: Wiremu Peie, Native Chief, East Coast : Major Ropata, Native Chief, East Coast soucrroßS: • ; ■ -. .' Wellington—Messrs. Sievwright & Stout Gisbome— Xf. L. Rees. : BANKERS : ■ The Colonial Bank of Hew Zealand. BROKERS AND AGENTS : Auckland—Mombers of Brokers' Association Dunedin— J. B. Bradshaw' . Oamaru—Joseph Booth Christchurch—T. B. Craig Wellington—liidbetter& Cooper Napicr-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 the 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 Hew Zealand. . It in intended to be attained by tho Nativo Owners contributing blocks of land at original or unimproved values, receiving paid-np shares in tho Company for the same; the . European Shareholders contributing capital to be called up in axed and limited amounts as mttf bo found requisite for conducting the operations of the Company, It is intended that the cash capital raised shall be employed in defraying expensos of management, completing titles, effecting surveys and subdivision into farm and township lots, opening means of access, conducting the sale and leasing of lands, pn> moting 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 adv&ntaee.

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 the Company. The Government having abandoned tho purchase of Native lands, the Native owners in tho 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, have, after making provision for their own requirements, entered into contracts for passing orer huge 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 bo at once placed Tinder the "Land Transfer Act," and will be sold from time to timo 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 Sharos will bo 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 be 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 the Company for their own bonafide 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 bo 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 ii (ending bona fide 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 diversion of the Natives interests, or'ginal 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 h believed that the formation of the East 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 the Colonies, and the ever unsatisfied demand for land among would-be settlers in tho Colony itself, tho 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 be 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 the Brokers and at the various offices of the Colonial Bank of New Zealand. PR O S P E C■ T U S OF ' THE AUCKLAND FIBRE MANUFACTURIN&

COMPANY (LIJIITEB). OAPITAt .. £25,000, IN 25,000 SHABE3 AT £1 EACH, Of which it Is proposed to call up £20,C00, as follows : —2s6dper share on application, 2s 0d per share on allotment, 5s per share three ntsnths after allotment, 3s per share six months after allotment, and 3s per sharo nine months after allotment. PROTISIONAI. DIREOTOBa: Capt. H. F. Anderson Thomas Morrta, Esq. J. McCoah Clark, Esq. Capt. A. McGregor:. George Holdship, Esq. C. B. Stone, Esq. _ "W. S. Laurie, Esq. ■ T. F. S. Tinno, Esq. ; : . bankehs: ; Bank of New Zealand. . : • soLiorr'oKs: ' ; Messrs. Whitakcr, Bussell, and Buddie. manager: .-..■■• Wm. Johruton. BROKER. ' . • aECEETAnY PKO IE 31 ■ Alex. Saunders, Esq. AVm; Johnston. This Company is formed for the purpose of Manufacturing (In the Cm or Auckland) New Zeaiand Hemp, Manilla Hemp, Flax, and other Vegetable Fibres, into Kope, . Twine, ■ Matting, Sacks,- and other articles in which they can bo employed, giving special attention to the manufacture of Twine suit-' able for the Reaper, and Binder Machines now so, largely in use in the Colonies.. , The' Promoters have arranged to tako over the Plant and Business of. the Auckland Hope Company, together with the extensive and valuablo Machinery of tho New Zealand Fibre Company'at Kalhn. These they will hand over to the Company on the same favourable and advantageuus terms as they havo succeeded in making with the parties concerned.. ■ Thoy have also been in communication wish a leading English' flrm, regarding'the necessary preparing machinery for the production o£ tho Reaper and Binder Twine. - • .•'. • .. ... .. ~ : ... A most eilgiblo ette for the erection of the Works is at present to ;tho promoters, the purchase money for which is fixed and agreed upon. ;■ - -;; This property—so admirably adapted for thtfpropbsed industry, being in close proximity to the Wharf and Eaiiway Station—will also be handed over by them to tfee Company, at the prices .they have arranged with the owners of same. '. ' Hie large arid increasing demand for Hope, Vwihe, and JfATTiNa, has determined the promoters to estabUah/thts profitable ■ industry, in this city, and thereby not to its prosperity, but assist in developing the resources of the colony generally. ** Application for Share 3 addressed to the Secretary, at tho Company's temporary otticcs, No. 2, Insuranco Bui dings, or to tho Broker for tho Company..AlexanderSaindera, Esq., No. 2, Insurance Buildings, Auckland. EUPHORBIA PILULIFERA (A. Native Weed of Australia), Used for Asthma, 1 Broxcbitis, Dirncui/rr of BREAIHD.O, 4.C. f A CONSIGNMENT OF THE ABOVE JUST hecetvbd; And may be obtainod at EDSON'S MEDICAL • HALL, Queen-street, Auckland. , i