Page 4 Advertisements Column 5

Southland Times, Issue 3154, 22 July 1878, Page 4

PVIKIC S OTICSS IMPORTANT iisfFII^MATION.; q'EE operations oi the^undernote^ Society ? 1 embrace ' all classes of^thFeommuriitV; ; ■> _ Working men m% obtain! freeholds * and J dwellings- by payment^ of a small sum fortnightly, equal to rent, for a few years. The farmer wm tod^itM^s^faatageoui -' method of financing in order to obtain stock, ; farm' implements, or machinery, on easy ? ' terms. '.-'."■" <"'_■"". r: t^k^'H^'.'^' '•*■'■■-" " ! - --7: The ,:tradeißmani s Iqr mean jof the Society, -- = ■ may utilize capital- invested in freehold pro- *' purt .-.;.-=? r -;. 'I he leading features of the Society, are as -follows: — -.- ; - --.■-,"> s;f ; "*•■ '-,::,':-;- — .-,..,.;, Ist; Mntual participation in the profits by borrowers and investors. ;0 2nd. Shares miy- be obtained^^t any ttrn^ ' dating" frdm ihe first pay htg'htrin the" -•- ■'■ rtonthi of May, August, November, arid ' - .February. _ ■ ■••'*••-■- -:'f- J - -3rd. Shareholleri who" have may i repay part of the sum advanced, such - sum not being le s ihan £25, ahltfrdm ; c and after such part p^ymeht^ititerese ! ' thereupon BHailcease,aiid the sbarehOlder : wiU then be m the Fame positioh^Bpeot-' ! ' ing such released share, or-shares, as the case may be, as if he or she had not received any advance upon- the same. Shareholders may gen one property substituted for another, as security for an advene at their own exp nse. 4th. The Society's preeent rate of interest is 9 pr ce't., and : by particiDatin? in the profits it is calculated.tkdt only 5 pe*- oent. is paid for the money by those who remain in the Society the full term of seven years. For example, borrower* of ' £100 for seven years repay to the Sooiety fortn ghtly 15s, amounting in seVen years to £135 16s being £100 for principal, and £35 16« interest; or at the ra'e of 5 percent. The period may be extended to nine years by the smaller payment of 18s lortntghtiy, and to e^ven years by the payment of lis for ni^htiy, only s>■ per cent, being fche aotuat-charge in eachcase. sth. Lc^al expenses are reduced to a mini, mum by special arrangements with the Solicitors for the Sooiety, and arrange--ments are now completed whereby further ■ '' advances may be made on approved - security without a second m or tg»ge. 6th. Parties building may arrange with the - Direopors to obtam progress paymen s by submittng plans and specifications which have been approved of. 7th. Tbe following example will illustrate the working of the Society. Suppese a member puroha-e a house for £400 for whioh he had paid a rent of 20s a week or £52 a year. He pays £100 of the purchase money and borrows £300 for seven years from the Society. Bis annual payments will be — £s.d. Subscription, £31 45 ; interest, £27... 58 4 0 In seven years he pays ... ... ;., 407 0 Paid on purchase ... ,'„ , 100 O 0 £5U7 8 0 Deduct rent he would have paid ... 364 0 0 Cost of house X43 8 0 To Depositors the Society offers a safe and convenient mode of investing fueds, and as sums of £5 and upwards may be placed at call, bearing interest at tbe rate of 5 percent, no money should be allowed to remain a day unproductive. Guardians and Trustees will find this an advantageous way of placing funds entrusted to them, THE SOUTHLAND BTJILDINGr ASS INVESTMENT SOOIETY, AITD BANK OE DEPOSIT Established, 1869. Incorporated under the Building Societies Act, 1876. President — J. WaliXjsß Bain, Esq* Directors — Messrs Wilham Blackwood, Peter McEwan, William Sloan, J E Hannah, W H Hall, D L Matheson, K Rose, W P Grigor, George Froggatt. Solicitors — Messrs Macdonald and Russell Bankers— Colonial Bank of New Zealand. Secretary Mr James Brown. /COLONIAL INSUBANCE COMV^ PANY OF NEW ZEALAND. FIRE AND MARINE. HEAD OFFICE— WELLINGTON. DlBBOTOBS ! The Hon. C. J. Pharazyn, Chairman The Hon. G. Randall Johnson, Vice-Chairman The Hon. Dr. M. S. Grace A. de B. Brandon, Esq. Walter J. Nathan, Ksq. E. W. Mills. Esq. Jacob Joseph, Esq. General Manager : Or. S. Gbahav, Esq. OPHE MUTUAL PBINCIPLE. This Company being compelled by irs Articles o! Association to Reserve 100,000 Shaies (hulf the Capital) to be allotted from time to t me to Actual Insurers only, in proportion to the amount of premiums paid, offers to the public general)y,»nd particularly tomen of small means, the twofold advantage, which no Fire Insurance Company in New Zealand has hitherto offered, that of security against loss from fire combined with participation in the profits of one of the safest and most luorative kinds of investment io the world. An insurer with this Company, being a shareholder, in effect reduces the rate charged on his oum property in proportion to the amount of premium he pays, and the influence he exerts to induce others to insure with the Company. CTOXXOB TO INSTJKEBS. At the expiration of the first Financial Period of the Company the Directors will offer to persons who may have insured with the Company the right of taking, up at par one of the unallotted shares for every £1 of premium paid by them, whether for fire ot marine risks. The undersigned having been appointed ageuts for tbe District of {southland, are prepared to accept Fire and Marine Bisks at current rates. MAOKOBIE & CUTHBEBTSpN, Agents. Oflices— Dee street. ]l| E S. J, iD^.B^O.-.K STJBGrEON DFifTIST, SPEX STBEBT, 2TEAB DO STBBBT. Teeth stopped. Children's teeth regulated &c. Artificial sets manufactured, &c. N.B.— PAnnsßs Extbactiok under Gaj Hours of oonsultatioDj 10ja.m. to 4 pirn. Invercargill, Jan., 1878. * ' » v ---t- ;;-'^*r