Page 4 Advertisements Column 3

New Zealand Times, Volume XXIX, Issue 4207, 14 September 1874, Page 4

Public Companies. WELLINGTON TRUST, LOAN, AND INVESTMENT COMPANY (LIMITED). DIRECTORS ; J. Woodward, Esr Hon. W. Fitzherhert, M.H.E., Superintendent of Wellington G. Hunter, Esq., J. P. M.H.R. J. Wallace, Esq. NOTICE , J.P., Chairman, J. Dransfi eld, Esq, J.P. G. Allen, Esq. W. Bishop, Esq. J. R. George, Esq. L. Levy, Esq. The payments on account of Proprietor’s Shares in this Company, terminating on the Ist of August, the public arc informed that, with the view of suiting the convenience of members of the former Building Societies, the office of the Company on Lambton Quay ■will be OPEN EVERY MONDAY EVENING, From 6 mi 8.30 p.m., And daily from 10 a.m. till 3 p.m. When investment shares may be taken, payments made, and any business with the Company transacted. Attention is called to the advantages this Company offers. The shares are £SO each, which nray be subscribed for as an investment, or realised as a loan on eligible security. Shares may bo taken at any time. No entrance fees. Payments made from date of commencement. THE FULL AMOUNT OF SHARES ADVANCED. PAYMENTS BY WHICH £SO MAY BE SECURED. Per Month. At end of five years, by payment of 14s 9d ~ six „ „ 12s Od „ eight „ „ 8s 6d „ tea „ „ 6s 3d PAYMENTS BY WHICH A LOAN OF £SO, WITH INTEREST, MAY BE EXTINGUISHED. Per Month. At ond of five years, by payment of 21s Od „ six „ „ 18s 3d „ eight „ „ 14s 6d ~ ten „ 12s 6d The above terms are fixed and depend on no contingencies. Other periods arranged for if desired. Shares nray be withdrawn, and mortgages paid up at the end of any year, at rates as fixed in tables. The Company also continues to receive money on deposit, for which current rates of interest are allowed. Any other information can be obtained on application at the offices of the Company; or, to L. LEVY, Managing Director. INDUSTRIAL PERMANENT LAND BUILDING, AND INVESTMENT , SOCIETY. Established under the Building Societies’ Act, 1860. TRUSTEES ; Andrew Young, Esq. John Plimmer, Esq. William Hutchison, Esq., J.P. COMMITTEE OF MANAGEMENT : W. Hutchison, Esq., J.P., Chairman. Mr. R. Austin Mr. J. G. Mclntosh, C.E. Mr. A. Wlriteford ■ Mr. W. M. Thompson SOLICITORS: Messrs. Brandon and Quick. bankers: Union Bank of Australia. secretary and manager : Mr. W. Mackune. OFFICE ; Willis Street (two doors above the Nen> Zealand Timet office), Wellington. The following example will illustrate the practical advantages and working of this Society. A member purchases a house for £2OO, for which he had paid a rent of 12s. per week, or £3l Is. 6d. per annum. He pays £SO of the purchase-money, and borrows £l5O from this Society, to be repaid in six years. His weekly payment is now 12s. Gd.—or £32 10s. per annum, which multiplied by six (the number of years for which he borrows) is ; £195 0 0 The rent of his house for six years would have been ... 187 4 0 Balance... ... ... 7 16 0 To which, add the amount he paid 50 0 0 The actual cost of the house is only £57 10 0 It will at once be seen that a profit of £ll2 •4s. is made by the purchaser becoming a member of this Society, and that this amount would have been lost to him, had he not become a member but remained a tenant. When it is considered that, for the short term of six years, the small sum of only sixpence per week in addition to the rent ; and for a longer term the rent itself, or even far less ; is sufficient to purchase the property, it is evident that this Society will confer great benefits on all who become Borrowing Members. While the payment of rent, oven for a life time, confers no title upon the tenant, the payment of the same amount into this Society gives the member, in a few years, the absolute Freehold. Nothing farther need be said to prove the extremely liberal principles on which this Society is founded. The following is the scale of weekly payments : INVESTING TABLE. a. £ a. d. £ 3. d. 0 8 0 12 0 10 0 2 00 1 00 1 3 01003 00 2 0 0 11 0 13 0 10 0 19 m o 10 0 12 0 14 0 10 0 18 ,0 0 00 6 0 070003 090070 0 10 0 12 0 IS 0 15 0 10 0 IS REALISING TABLE Scale of Repayments. Note the Address—Two doors above the N.Z. Printing Office, Willis Street. Office hours from 10 a.m. to 5 p.m. *, on Mondays and Saturdays from 10 a.m. to 8 p.m. W. MACKUNE, Manager, Willis Street. WELLINGTON AND WAIRARAPA CARRYING COMPANY. The above Company bog to inform the public that they commenced operations on the Ist day of June. All goods to bo forwarded by them must be sent to their Depot, which receipts will be given, if accompanied" with a receiving note. T C. DARCY, Agent. BOARD and Residence at Mrs. Aliena*, Willis street, nearly opposite. the. Union Bank.