Page 1 Advertisements Column 4

Southland Times, Issue 3298, 15 January 1879, Page 1

Business Notices. [' /CHILDREN'S TEETJH Parents are reminded of the importance of having the teeth of the rising generation pebiodioally. Great attention is paid to this branch of Dentistry at Tiie Medical Hall, Tay street, (Next Stock & Co.) , * Teeth stopped with gold, silver or osteo enamel. Teeth extracted or scaled. "FIVE AND LET LIVE!' PRELIMINARY NOTICE. J A. FERGUSON& CO., Wholesale and Retail Watchmakers an Jewellers, will ' open THIS DAY in those centrally situated premises in Dee street, (next to Mrs Ross', and two doors from Messrs Cowper & Wilson's), with the newest, largest, and best selected stock of Jewellery and Watches ever offered to the inhabitants of Southland. The trade supplied. See future advertisement. "T\ E I L L V AND MO.IR CABINET MAKERS AND UPHOLSTERERS, Opposite Invercargill Sale Yards: DEE STREET. . Photographic Picture Frames, all sizes, in I Waxtiut and Gilt, received direct from I America. Fancy Corner Brackets, New i American Patent Chair Seating. ' | A Large Stock of Cheffoniers, Couches Sofas, Looking Glasses, and eveiy description . of Household Furniture. ! Upholsterers' work in all its branches.' "P| AY I D FLEMINGTON : LICENSED LAND BROKER .ACCOUNTANT, AUDITOR, AND SHARE BROKER,: ESK STREET, INVERCARGILL. | Sales Negotiated. Leases and Transfers, &c, &c, under the Land Transfer Act promptly effected. Business transacted with the Waste Lands Board and other Government Departments.." Account Books opened made up or balanced. . Rents and other incomes collected. Agent: for the sale or purchase of town and suburban sections, agricultural and grazing land, bank, insurance and other shares. ; D.F. has on his list eligible proprties sale or lease. TJU~ M 0 R R I &• Begs to acquaint his friends and the Public generally that he has commenced business in Tay street, with a complete stock of new and. first-class goods including, TWEEDS, DOESKINS, PLAIN AND FANCY COATINGS, kc, ko. igg° Note the Address : W. M 0 R R I S, TAILOR AND CLOTHIER Tay Steeet (Opposite the Roya Hotel). "FREEHOLDS VERSUS LEASEHOLDS' WTTV PA "ST EEJTTwnen money can be obtained at a cheap rate to purchase a freehold. The Southland Building antl Investment Society and Bank of Deposit having reduced the rate of interest to S per cent, now j offers unusual facilities whereby working men may obtain freeholds and dwellings by payment of a small sum fortnightly, equal to rent for a few years. The farmer will find this an advantageous method of financing in order to obtain stock, farm implements, or machinery, on e§sy terms. The tradesman, by . means of the Society, may utilise capital invested in freehold property. The leading features of the Society are as follow : — j Ist, Mutual participation in the profits h? 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 can redeem the debt at any time without previous notice, or they may. repay; the same in sums of £25 and upwards, interest upon amounts so repaid at once ceasing. 4th. By a recent alteration in the rules, borrowers are enabled to extend the period J 1 of their loan, from. 7 to 9 or: 11 years, in order to render the fortnightly repayments less burdensome. The Society's present rate of interest is 8 per cent., and by participation in ; the profits itis calculated that only 4; percent, 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 14s 2d, amounting in seven years to £128 16s, being £100 forprihci- . pal, and £28 16s interest, or at the rate of 4 per cent. -If the period is extended to nine years the repayment will be 12s 2d fortnightly; if to eleven years, lis fortnightly, only 4 per cent, being the actual charge in each case, a lower rate than that offered by any society in .the. Colony. sth. Legal expenses are reduced to a minimum by special agreement with the Solicitors for the Society, and arrangements are now completed whereby urther advances may be made on approved security without a second mortgage. 6th. No premium is charged on loans, and a veiy liberal scale of survey fees has been adopted, asfollows: — Within the Town of Invercargill, ss; Suburbs, within 5 miles, 10s ; 5 miles, and not over 18 miles, 20s. 7th. Parties building may arrange with the Directors to obtain progress payments by submitting plans and specifications which have been approved of. Bth. 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,£loo of the' purchase money and ' borrows £300 for seven years from the Society. His annual payments will be — Subscription,£3l4s',-interest,£24; £55 4 0 In seven years he pays 386 8 0 Paid, on purchase 100 0 0 ' , Total ... " £486 8 0 , Deduct rent he would have paid 364 o'o Cost of house , £122 8 0 9th. Parties desirous of borrowing, and who may not be shareholders, .may ascertain the amount that would be advanced on any proposed security by lodging the survey fee and filling up a preliminary form of application, which may be 1 had from the Secretary. j 10th. At present depositors are allowed interest at the following rates on sums of £5i and | Upwards :— Atcall, s percent.; 6' and 12 months, C per cent. The security offered to Depositors is the very best obtainable, all , borrowed moneys being a first charge on the large paid-up capital of the Society. , The Directors would draw the particular attention of the industrial, classes to the advantages hereby afforded _them, and ' theliberalinterest giyen for their savings. Guardians and Trustees wil 1 find this an • advantageous,, way of , placing funds entrusted to them. . Any further information may be obtained at the' office of the -Society, Esk Street, near the railway station. JAMES BROWN, Secretary/