Page 4 Advertisements Column 3

New Zealand Times, Volume XXIX, Issue 4208, 15 September 1874, Page 4

Public Companies. W ELLINGTON TRUST, LOAN, AND INVESTMENT COMPANY (LIMITED). DIRECTORS J. Woodward, Esq., J.P., Chairman, Hon. W. Eitzberbert, M.H.E., Superintendent of Wellington G. Hunter, Esq., J. P. M.H.E. J. Wallace, Esq. J.Dransfield,Esq, J.P. G. Allen, Esq. W. Bishop, Esq. 1 J. E. George, Esq. L. Levy, Esq. notice. The payments on account of Proprietor s Shares in tliis Company, terminating on the Ist of August, the public are informed that, with the ° view of suiting the convenience of members of the former Building Societies, the office of the Company on Lambtou Quay will be OPEN EVERY MONDAY EVENING, Enoit G till 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. Tlie shares arc £SO each, which may be subscribed for as an investment, or realised as a loan on eligible security. Shares may be taken at any time. No entrance fees. Payments made from date of commencement. THE PULL AMOUNT OE SHAPES ADVANCED. PAYMENTS BY WHICH £SO MAY BE SECUEED. Per Month. At end of five years, by payment of Ids 9d „ six " ~ „ 13s 0d „ eight „ „ Gd „ ten ~ ~ 6s 3d PAYMENTS BY WHICH A LOAN' OE £SO, WITH INTEEEST, MAY BE EXTINGUISHED. Per Month. At end of five years, by payment of 81s 0d „ six „ „ 18s 3d „ eight „ „ 14s 6d „ ten „ „ 13s 6d The above terms are fixed and depend on no contingencies. Other periods arranged for if desired. Shores may be withdrawn, and mortgages paid up at the end of any year, at rates as fixed in tables.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 tbooffice.s of the Company; or,to L. LEVY, Managing Director. TNDUSTEIAL PEEMANENT LAND JL BUILDING, AND INVESTMENT SOCIETY. Established under the Building Societies’ Act, ISC G . TRUSTEES ! Andrew Young, Esq. John PHmmer, Esq. William Hutchison, Esq., J.P. COMMITTEE OF MANAGEMENT ; W. Hutchison, Esq., J.P., Chairman. Mr. P. Austin Mr. J, G. Mclntosh, C.E. Mr. A. Whiteford 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 JYciv Zealand Times 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 4s. Cd. 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. Cd.—or £32 10s. per annum, which multiplied by six (the number of years for which ho borrows) is : £195 0 0 The rent of his house for six years would have been ... ... 187 4 0 Balance... ... ... 7 10 0 To which, add the amount he paid 50 0 0 The actual cost of the house is only ... ... ... . ... £57 1G 0 It will at once fee seen that a profit of £142 4s, is made by the purchaser becoming a member of this Society, and that tliis 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, even 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 further 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. 250 300 350 400 450 500 550 000 0 2 00 2 0 5 0 0 4 0 8 30 0 0 11 0 0 8 0 13 9 0 10 0 1C CO 12 0 19 3io 14 ! 0 0 10 : 9 0 18 17 010 d. £ b. < 00 1 00 3 0,0 4 00 0 00 7 00 0 0 0 10 0 0 12 0 0 13 0 0 15 0 0 1C 0 0 IS i 0 3 • 7 C i 8 0 • 10 0 | 11 3 'l2 0 t 13 9 i 15 0 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 S p.m. W. MACKUNE, Manager, Willis Street. WELLINGTON AND WAIEAEAPA CAEEYING COMPANY. The above Company beg to inform the public that they commenced operations ou the Ist day of June. All goods to bo forwarded by them must bo sent to their Depot, for which receipts will bo given, if accompanied ■with a receiving note. T C. DAECY, • Agent. BOAED and Eesidence at Mrs. Allens’, Willis street, nearly opposite the Union Bank.