Page 8 Advertisements Column 4

New Zealand Herald, Volume XVIII, Issue 6149, 2 August 1881, Page 8

Licensing Courts. ■JW" O T ICE, The Quarterly Sitting of the Licensing Court, for the Waiuku Licensing District, will be held at tho Courthouse, "Waiukn, on Tcesday, the 6th day of September next, at the hour of noon. E. S. WILLCOCKS, Jo"., Cl'.tk of Court. Resident Magistrate's Court, Waluku, July 30,1831. T ICEKS.IN.G.COUET, The Quarterly Meeting of the Licensing Court, for the Districts of Eden, Onehunga, Pakuranga, and Tamaki, will be held, at the Courthouse, Onehunga, at 12 o'closk noon, on TeESDAr. the Oth day of September, 1881. WILLIAM O. P. o'CALL/AJHAIT, Clerk of the Court. Onehonga, August 1,1881. N.B.—For business, the Court will be adjourned till 12 o'clock noon on the following day, Wednesday, tho 7th September, 1881. Prospectus. ABRIDGED PROSPECTUS OF THE EAST COAST NATIVE LAND AND SETTLEMENT COMPANY (LIMITED). Capital, J2500.000, in 100,000 shares of £5 each whereof 70,000 will be allotted to the Aboriginal Native contributors of land, called "Original Sharc3,"and 30,000 to European subscribers of capital, and called " Capitalist Shares." First issue of Capitalist Shares 20,000, payable a3 followB:—53 on application, 5s on allotment; subsequent calls, if they are required, not to exceed 5s each, nor to be made at intervals of less PROVISIONAL DIRECTORS. Iton. W. H. Reynolds, M.L.C., Dunedin John Barraclough, Esq., Oamaru ■ Horace Bastings, Esq., M.H.R., Dnnedin J. Buchanan, Esq., J. P., Napier "W. Buchanan, Esq., Auckland Joseph Bennett, Esq., Auckland William Coleman, Esq., Auckland J. M. DargavMc, Esq., Auckland G. Fenwick, Esq., Dunedin C. A. De Lautour, Esq., M.U.R., Giaborne Allan Mac Donald, Esq., M.H. R., Gisborne D. 11. Mackenzie, Esq., Auckland F. J. Moss, Esq., M.U.R., Auckland Wireinu Pere, Native Chief, Gisborne Henare Potao, Native Chief. Tokomarau Bay J. B. Poynter, Esq., J.P., Gisborne C. A. Pritchard, Esq., Christchurch D. Proudfoot, Esq., Dunedin G. M. Keed, Esq.. Gisborne It. C. Reid, Esq., M.H.R., Hokitika R. H. J. Reeves, Esq., M.U.R., Nelson H. C. Robjohns, Ksq., Napier Major Ropata, Native Chief, Tokomarau Bay J. M. Shera, Esq., Auckland E. Stout, Ksq., Dunedin W. H. Tucker, Esq., J.P., Gisbome J. S. M.Thompson, Esq., Wellington R. Wilson, Esq., Dunedin

MANAGING DIRECTORS (appointed for the first twelve months): J. M. Dargavillc, Esq., Auckland J. Friir 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.K., Gisborno J. B. Poynter, Esq. (Chairman County Council of Cook), Gisborne C. A. DeLautour, Esq., M.H.R., Gisborne Wiremu Pere, Native Chief, East Coast . Major Ropata, Native Chief, East Coast SOLICITORS : Wellington—Messrs. Sievwright & Stout Gisbome—W. h. Ree3. BANKERS : The Colonial Bank of New Zealand. BROKERS AND AGENTS : Auckland—Members of Brokers' Association B. Bradshaw Oamaru—Joseph Booth Christi:hurch-T. B. Craig Wellington—Lidbetter & Cooper Napiei-M. R. Miller. HON. SECRETARY: F. J. Moss, M.H.R., Wellington. The following is an epitome of the objects of tho Company ss detailed in the Prospectus, which may be obtained from the Brokers and at the various Branches of tho 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 ofKewZeaJand. It is intended to be attained by the Native Oirners contributing blocks of land at original or unimproved values, re&siving paid-up shares In the Company for the same; the European Shareholders contributing capital to l>o 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 the sale and leasing of lands, promuting 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 tho best advantore 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 Nativa lands, the 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 bo 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 largo areas of valuable land to tho 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 under the "Land Transfer Act," and will bo sold from time to time for cash, or on long deferred payments, and generally in accordance with tho regulations guiding the disposal of the wasto 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 prollts, with a further division of profits in proportion to the capital invested. Five Directors Till be elected by the Capitalist Shareholders, and four by tho 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 bonafidc 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 :ii tending lonafide settlers, and an officer of the Company will bo located in England, to send out Specltf Settlement Parties for the Company's Lands. . . . To prevent lie improper diversion of tho Natives Interests, or'ginal shares given in the purchase of lands wilV sot lie transferable without the consent of a Native Committee, and tho approval of tho Directors. - On these principles it is 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 plaelng their Lands for sale and nettlement, while the great and growing demand in Groat Britain among intending emigrants for Land in the Colonies, and the ever unsatisfied demand for land among would-be settlers in the 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 6f~ settlement in this wholly] undeveloped district, combine to present to capitalists, investing a prospect of remuneration, and an extension of sphere for tho operation of capital, probably, unequallod by any other proposal yet submitted in the colony. ..,_,, , :

The Memorandum of Association may bo seen in the hands of the Solicitors And Brokers ot the Company, and detailed prospectuses and forms of application for shares may be had from the Brokers and at th« various offices of the Colonial Bank of New Zealand.