Page 4 Advertisements Column 5

Southland Times, Issue 3179, 21 August 1878, Page 4

Public Notices. forthwith, and commencing the construction of. the line as *soon as the legal formalitie have been arranged. v ;:r The -Share list will close on sth- September proximo. I Forms of application for shares may be obtained at the Bank of New Zealand, Dunedin, Invercargill, or Riverton, or from the secretary, at the Company's offices, Esk street, Invercargill. JOHN W. MITCHELL, Secretary. TMPORTANT INFORMATION. The operations of the undernoted Society embrace all classes of the community. Working men may obtain freeholds and dwellings by payment of a small sum fortnightly, equal to rent for a few years. The fanner will find it an advantageous method of financing in order to obtain stock, farm implements, or machinery, oh easy terms. The tradesman, by means of the Society, may utilise capital invested in freehold property. The leading features of the Society are as follows : — Ist. Mutual participation in the profits by borrowers and investors. 2nd. Shares may be obtained at any time, dating from the first pay night in the months of May, August, November, and February. 3rd. Shareholders who have borrowed may repay part of the sum advanced, such sum not being less than £25, and from and after such part payment, interest thereupon shall cease, and the shareholder will then be in the same position respecting 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 get one property substituted for another as security for an advance at their own expense. 4th. The Society's present rate of interest is 9 per cent., and by participation in the profits it is calculated that only 5 per cent, is paid for the money by those who remain in the Society the full term of seven years. For example, borrowers of £100 for seven years repay to the Society fortnightly 15s, amounting in seven years to £135 16s, being £100 for principal, and £35 16s interest, or at the rate of 5 per cent. The period may be extended to nine years by the smaller payments of 13s fortnightly, and to eleven years by the payment of 11s fortnightly, onljr 5 pea.* cent, "being tHe a-ctrual charge in each case. 5 th. Legal expenses are reduced to a minimum by special arrangements with the Solicitors for the Society, and arrangements are now completed whereby further advances may be made on approved security without a second mortgage. 6th. Parties building may arrange with the Directors to obtain progress payments by submitting plans and specifications which have been approved of. 7th. The following example will illustrate the working of the Society. Suppose a member purchase a house for £400, for which 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. His annual payments will be — Subscription, £31 4s ; interest, £27, £58 4 0 In seven years he pays 407 8 0 Paid on purchase 100 0 0 £507 8 0 Deduct rent he would have paid 364 0 0 Cost of house £143 8 0 To Depositors the Society offers a safe and convenient mode of investing funds, and as sums of £5 and upwards may be placed at call, bearing interest at the rate of 5 per cent. 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 BUILDING AND INVESTMENT SOCIETY AND BANK OF DEPOSIT. Established 1869. Incorporated under the " Building Societies' Act, 1876." President— J. Walker Bain, Esq. Directors— Messrs Rose, J. E. Hannah, W. P. Grigor, D. L. Matheson, William Blackwood, Peter M'Ewan, William Sloan, W. H. Hall, George Froggatt. Solicitors — Messrs Macdonald and Russell. Bankers — Colonial Bank of New Zealand Secretary — Mr James Brown. V ULCAN FOU-NDRY, GREAT KING STREET, Dunedin. KINCAID, MCQUEEN & CO., Boilermakers, Engineers, Millwrights, Founders, Blrcksmiths, &c. — All kinds of castings in brass and iron ; steam engines and boilers made and repaired ; overshot, breast, and turbine waterwheels ; quartz-crushing machinery ; pumping and winding gear ; castiron sluice, and ripple plates ; sheet-iron hopper and sluice plates punched to any size of hole ; gold dredging spoons, &c. Mill machinery and all kinds of reaping, thrashing, horse-power machines made and repaired ; improved reaping machine. X., McQ., & Co.'s improved wrought iron piping, for fliuning and hydraulic mining, is the best in use, and cheaper than canvas. MAKAREWA POTTERY WORKS, NORTH ROAD, HALF-A-MILE FROM JUNCTION HOTEL. THOMAS JUDGE Manufacturer of Drain Pipes (flanged and glazed, elbows and knees, junctions and bends), and Potter"? Work of every description, including Ornamental Chimney Tops of five different patterns ; also Ornamental Garden Edgings (four patterns), Glazed Hearths for Domestic use, Flowerpots, Saucers, &c. Stink Traps made to order. Country orders punctually attended to. Agent for Invercargill — MR DAVID SMYTH, Tay Street, TULEFF BROTHERS, BOOT AND SHOE MAKERS, DEE STREET, NEAR MR HANAN'S NEW BUILDING JULEFF BROTHERS beg to notify to the inhabitants of InvercargiJl and surrounding districts, that they have commenced business in the above line, and trust by supplying first-class articles at the lowest remunerative prices, and by strict attention to business to merit a fair share of public patronage. Their having been for several years in the employ of Messrs Sargood & Ewen, Wholesale Boot Manufacturers of Dunedin, should be a sufficient guarantee that all articles supplied by J. Bros, will be of a superior quality. . Repairs neatly executed. AND All orders pu.tctu.ally attended to,