Page 3 Advertisements Column 8

Otago Daily Times, Issue 6503, 15 December 1882, Page 3

Business JSotioea. GREAT CLEARING SALE. rjiHOMSON, STRANG, & CO. Now announce GREAT CLEARING SALE Of SUMMER DRAPER? AND CLOTHING. BARGAIN PRICES. Great 'Clearing Salo Great [Clearin" Sahi Great THOMSON, STRANG, & CO.'S Clearing Sale Great . Clearing Sale Great . GREAT Clearing Salo Great Clearing Sate Great CLEARING SALE. Blearing Sale Great ' Clearing Sale Great . Bargain Prices. ICleariiig Sale Great Clearing Sale Great Goods must bo Sold. Clearing Sale Great , [Clearing Sale Great ,'Clearing Sale £3" Now is the lime to buy your Summer Drapery and Clothing-. THOMSON, STRANG, ft CO. 30n Proapontus ABRIDGED PROSPECTUS DUNEDIN CITY AND SUBURBAN TRAMWAYS COMPANY (LIMITED). CAPITAL, £100.000, In 100,000 Shares of £1 each; Of which it is proposed to call up 0a per share as follows :—Deposit on application, 2s per share; allotment call, Is per share; balance in three calls each of Is per month. The whole 0s can bo paid up at once if desired, and dividends will be payable on the amount actually paid up. Ab a largo part of the purchase-money—viz.; £35,000— will, if required, be acccepted by the Vendor in thesbape of the Company's debentures.bearing 7 per cent, interest, it is not anticipated that further calls will be required, except for extending the lines when found desirable. Provisional Directors. E. B. Cargill, Esq. . Donald Reid, Esq. W. J. M. Laraach, Esq., John R. Jones, Esq. C.M.G, B. Sievwnght, Esq. R. A. Lawson, Esq. H. Bastingl!, Esq. Henderson La*, Esq. T. W. Kempthorne, Es(. Montagu Pym, Esq. James Robin, Ejq. William Gregg, Esq. R. Paterson, Esq O. S. Reeves, Esq. . W. 2. Winchester, Ejq. James Marshall, Esq. . H. J. Walter, E-q. William Isaac, Egg. J. R. Danson, Esq. Dr Cousfttrey , " Thomas Brown, Esq. George Bell, Esq. R. Wilson, Esq. A. J. Burns, Esq. Hon. Captain Fraser. J. Hazlett, Esq. . Captain Baldwin. D.Baxter, Esq. With power to add to their number. ■ Bankers: THE BANK OF NEW ZEALAND. . Solicitors : MESSRS SIEVWRIGHT, STOUT, & CO. Brokers: MESSKS GILLIES, STREET, & HISLOPj AND mr j. bradshaw. Interim Secretary : MR. R. H. LEARY. The following statement will serve to show the pro] gresa of the business :— Per Annum.. Receipts between January Ist and 31st December, 1880 .. £18,160 7 0 Receipts between January Ist and Slat December, 18il .. £22,767 17 6 Receipts between January lsf) and 31st May, 1832 (five \ £23,073 7 0 months, £9998 18s) ..) The profits for a period of 21 months ending 31st May, 1882 (the date of the last balance), after pro-, viding for maintenance and repairs, amounted to £10,993 8s 7d, equal to £6282 per annum.- ---£ s. 'd. The net profits for the last 12 - months of that period, dur- ~ ing which higher prices .'"'.... ruled for forage, amounted .. " . to .. .. .. 6,695 311 The interest on Debentures— viz : £35,000 at 7 per cent., will be .. .. 2,460 0 0 Leaving a balance available for . dividend and rsservo .. £4,145' 311 Or nearly 14 per cent. on the proposed paid-up . . capital. HE AUCKLAND NATIVE LANDS COLONISATION COMPANY (LIMITED)! The time for receiving APPLICATIONS foi SHARES in this Company has been EXTENDED to JANUARY Ist. One of the Provisional Directors has met the undermentioned Otago gentlemen, and in consequence of what they have learnt fr.im him and frora other sources, they h«-e become REFEREES hr the Company, a Local Board not being- necessary. Donedin Refkrees . (Local Board not being necessary) •.: ■ W. J.M. Larnach, C.M.G. i-. E. B. Carcill, Esq. . ~-■,. Robert Wilson, Esq. 'Andrew Mowat, Eaq. ' PROSPECTUS -. . ' ' . . OF THE . ~,'■■:, :,: '■ A UOKLAND NATIVE LANDS Xi. COLONISATION COMPANY (LIMITED). CAPITA!... .: .. .. £500,000. '" In 600,000 shares of £1 each. 900,000 Shares is now offered to. the public. 300,000 SbarC3 to be reserved for Natives and * future issue. ' ; .. ■• One Shilling payable upon Application; Ona Shilling -■" upon Allotment. Calls not to exceed One Shilling each, to be made at intervals of not less than three months.. ■', -■■ Provisional Directors : .. ■'. ' Messrs J. Chambers Moasrs W. R, Vines C. C. M'Millan T. T. Masefield F.R.Claude John Keid " - - Geo. Holdahip ' Kennedy Hill Huirama Puke Franz Soherif ■■'.".: J. B. Wlryte, M.H.R. Major Jackson G. B. Morris, M.H.R. Captain Colbeck Ko Kaukiuta . , - .v - (With power to add to their number). ■ • ; Bankers: Bank of New Zealand. ' '

Solicitors : Jackson and Russell, ■ -■..-. Secretary (pro tern,): Franz Scherff. ; Agent for receipt of Shares in Dunedin: Mr W. L. SIMPSON, ; ' Liverpool street. "" ' The objects of tho Auckland Native Lands Coloni- ■ satlon Company (Limited) ara the acquisition and settlement of Native Lands in the North Island of New,-. Zealand, upon terms which will be to tho mutual ad-1 vantage of the Native owners, of the shareholders In . this Conipauy, and of the Colony in general. ■ . In order to carry out this object, it is proposed— .' Ist. To acquire interests in lands in suchway aa the Natives may prefer, either by purchase, . by lease, or by acting as their agents on such terms as may bo agreed upon. ■ 2nd. To pay for such 'interests acquired at tha option of the Native owners, either cash, paid-up shares, or debentures for the whole or any part thereof, as circumstances and mutual advantage may dictate. ■' •. ■ 3rd. To allow the Native owners who take up paid-up shares interest at the rateo( 5 pcr ■■.-.... cent, upon the amount of the paid-up shares in excess of the amount paid up on contributing shares. ■ •' .:.".■ 4th. To issue to any Native owner declining to: ; take cash or paid-up shares debentures of. stipulated amounts, bearing interest at 6 per '.' cent. , " . Bth. The capital required to carry on necessary* operations of the Company to be provided by Colonial and European shareholders, and such capital shall be employed in defraying expenses of management, completing titles, effecting turvcys and subdivisions into faiuw and township lots, opening means of access, conducting the sale and leasing of lauds, promoting the formation of special settlements, ' . and generally in utilising the lands vested in the Company to the best advantage. Cth. To set apart and legally secure adequate and inalienable reserves for the benefit of the Native owners. * 7th. To convey to tho Government an agreed per- • centageof land aa required for public' works and other purpose?, at a figure slightly In advance of cost price. Stb. To induce Native owners to become largo shareholders, to settle- vermanoutly upon lands the title 3to which have been individualised, and to bo represented on the directorate. It is a well-known fact that the profits arising from the purchase and sale of Native lands in the Worth. Island are enormous, >nd io is equally well known that such profits havn up to the pro-rent timo ' been confined to tha capitalist alone, because of the many obstructions arising from the laws relating to Native lands, and of the large expenditure o.' money required for purchasing the same. The Auckland Native Lands Colonisation Comjany (Limited) presents to small investors adranfcweg identical witb, and ia.. excess of, those enjoyed at present only by capitalists, the shaies having been fixed fo low that men of small means may be placed on the same footing aa.' tho capitalists. No more fitting opportunity than tho present could be seized for the purpose of attaining the objects aimed at by this Company, because— . Ist. Tao quantity of fertile Crown lands in the North Is'and at the present time available for settlement is insufficient- to meet the demand. . '. 2nd. The Government have ceased operations la purchasing Native lands. ■ • 3rd. The.NativesowninglandintheKlngODuntry are almost unanimous in their desire to bring their valuable lands under the operations ■ of the Land Court, anddispose of them to. Europeans. .'.'■.'■•' 4tru It is confidently anticipated that the Government will favour the establishment of this Company, which will go far to relieve them from all anxiety about providing tor tha future wants of tho Natives. ~ , ■. . , ..- This Company will place all land acquired under "The Land Transfer Act," so that the title will be indefeasible, and it will then be able to dispose of the.-. same at great advantage. Tho land will bi sold for cash or on deferred payments, or disposed of in the. manner most conducive to tho interests of ih.ireholders" : ■ Under these. circumstances, it Is believed that'the establishment of the Auckland Native Lands Colonisation Company (Limited) will provide for the Sa ives , the readiest and most beneficial method of placing . their lands for Bale, leaso, or settlement. The overincreasing demand for lands in New Zealand amongst all clasFcs 'of colonists and intending emigrants from Great Britain, tho rich quality of tho lands in the ■, King country, the fact they are within easy accoM by rail fro ji Auckland, their suitability for occupation, and their annually increasing value, aro considerations which present to investors a prospect of remuneration unequalled probably, by any proposal over submitted the public. Applications for shares will bo received by tha Secretary, at his Offices, Fort street, until Monday, tho Ist January, 1833. Auckland, November 20th, 1832. LOCAL AGENTS TO BE APPOINTED. 29a ri ASALIEIIS.—GOLD MEDAL MELVT BOURNE EXHIBITION, AGAINST THK WORLD, 200 dualgna. Bebt value In Now Zealand, A Stl B'JRT.