Page 3 Advertisements Column 6

Taranaki Herald, Volume XXVII, Issue 3134, 29 May 1879, Page 3

PROSPECTUS OP THE TARARAKI LAND COMPANY (J< IM I T E D). To be incorporated under " The Joint Stock Companies Act, 1860." CAPITAL Z. ... £50,000, in 10,000 Shares of £5 each, with power to increase. PROPOSED CALLS: ss. per Share on application ; ss. per Share on allotment; 10s. per Share two months after allotment; 10s. per Share four months after allotment; and 10s. per Share six months after allotm nt. Further Calls to be made at iutervals of not lesa than two monthß, as the Directors may appoint. PROVISIONAL DIRECTORS: Thomas Bayly, Esq., Waitara Captain Cornwall, Taranaki A. Standish, Esq., Barrister, New Plymouth H. L. Skeet, Esq., Surveyor, New Plymouth H. J. Honeyfield, Esq., New Plymouth. James Watkins, Esq., Taranaki. BANKERS : The Bank of New South Wales. SOLICITORS : Messrs. Standish & Hughes, New Plymouth. MANAGING DIRECTOR: H. Lufkin Skeet, Esq., New Plymouth. OFFICES : Devon Street, New Plymouth. rpHIS Company is formed solely for the JL object of Buying and Re-selling Lands in the Provincial District of Tarauaki. It is clear that transactions in land may be far more profitably entered upon by a Company than by private individuals, who, from want of sufficient capital, through imperfect management, aud from other causes, are under great disadvantages, and are not always in a position either to secure the best market or wait for a favourable opportunity to sell. The results achieved by similar Companies in other parts of the Colony show that investments of this kind are more lucrative than any others undertaken by Joint Stock Companies, The District of Taranaki, possessing as it does a magnificent climate and some of the finest land in New Zealand, offers peculiar facilities for a judicious investment of capital ; whilst its steadily-increasing population and progressing railwayß and roads, by which an extensive but hitheito comparatively speaking inaccessible public estate is almost daily rendered more available for settlement, present unusual advantages for a remunerative disposal of lands acquired at an early stage. A slight expenditure in the way of improvements, or a judicious subsidy to assist local Hoad Boards in opening up thoroughfares, will frequently insure a profitable sale, and, where advisable, the Company will by these means endeavour to improve their_properties with the idea of increasing their marketable value. The Company also propose in certain instances to offer land on a system of deferred payments, thereby securing absolute settlement and a regular income. This system, it is believed, will tend to increase the value of other lands held by the Company, and secure a class of purchasers who by circumstances may be unable to pay at once a heavy purchase price. Lands in fume instances will be subdivided, and sold in lots to suit purchasers. It will be the aim of the Company to purchase, as far as possible, their properties direct from the Crown, in order that both their clients and themselves may derive the greatest, possible advantages from direct purchase and resale. The Provisional Directors propose securing as the Managing Director a practical surveyor of considerable colonial experience, possessing also a thorough knowledge of the Lands in tho District. It is not proposed at the outset to call up more than £2 per share ; this will enable tho Company to make a fair beginning, aud afterwards profits may either be added to capital, or a dividend declared, and further calls made. Deposits can he made at any Branch of the Bank of New South Wales, where Prospectuses and Forms of Application for Shares can be obtained. All communications to be addressod to the Managing Director, New Plymouth, Taranaki. 606 hb tc PRELIMINARY NOTICE. To Capitalists. Speculators, and Working Men. WILL SHORTLY BE OFFERED FOR SALE, A portion of the Property known as ELLIOT'S FARM, consisting of 112 Acres, divided into 25 ALLOTMENTS, varying from 1 to 24 Acres, and situate at tho junction of the Jffilliot and Omata Roads. BEING only 2 miles from the present Land-ing-place, and 1^ miles? from the proposed Hnrbour Site, its central situation makes it the fiucst site for a Suburban Township to be fouud iv the vicinity of New Plymouth. The construction of harbour works, aud the openiug of the through line of railway, must, at no distant date, enormously increase the value of land in the neighbourhood of the Town and Harbour; therefore, such anoppor tunity of securing freeholds at moderate price* should be eagerly seized by persons desirous of making permanent homes. To biing the land within the means of all classes, Iho terms will bo exceedingly liberal. The Allotments are surveyed and pegged out, and the proprietors invito the public to visit the Estate and satisfy themselves as to the goodness of the investment offered. A Mnp of the Property can be seen at the office of W. COURTNEY, 749 tc hb Auctioneer. NOTICE TO SUBSCRIBERS. QUBSCRIBEBS will oblige by giving notice J^ of any irregularity in the delitery of their papers. *