Page 3 Advertisements Column 4

Timaru Herald, Volume XXXIX, Issue 2761, 30 July 1883, Page 3

Prospectus NEW ZEALAND LAND MORTGAGE COMPANY, LIMITED. To be incorporated under the English Joint Stock Companies Acts. CAPITAL £2,000,000, In 200,000 Shares of £10 each. First issue 50,000 Shares of £10 each, £500,000. Head Colonial Offices Auckland Deposit on application, 6s per Share ; pay able on allotment, 5s per Share j further caUa not exceeding £'1 m the whole will hereafter, from time to time, be made as may be required, but it is not proposed to call up more than £1 per Share m all. COLONIAL DIRECTOBS : Samuel Browning, Esq., Deputy-Chairman of tlio N.Z. Insurance Company. Thomas Buddie, Esq., Director of the N.Z. Insurance Company. John Logan Campbell, Esq., Director of the Bank of New Zealand. James M'Cosh Clark, Esq., Director of the New Zealand Insurance Company, Aucklund. David Limond Murdoch, Esq., General Manager of the Bank of New Zealand, Auckland. George Burgoyno Owen, Esq., Director of the Bank of New Zealand. Thomas Russell, Esq., C.M.G., Director of the N.Z. Loan and Mercantile Agency Company, Limited, London. Captain James Stone, Director of tho N.Z. Loan and Mercantile Agency Company, Limited. The Hon. James Williamson, M.L.C., President of the Bank of New Zealand. The Hon. Fredk. Whitaker, M.L.C., Premier of the Colony of New Zealand. Joseph Liston Wilson, Esq., Director of the N.Z. Insurance Company. (Wilh power to add to their number.) Bankers .- The Bank of New Zealand. Solicitors : Messrs Whitaker and Russell. SeCBETAEY PEO TESI. : James Buttle, Esq. Offices : New Zealand Insurance Co., Queen street, Aucldand. This Institution is to be formed for the purpose of transacting the business of a Loan and Investment Company. It is proposed to raise money m Great Britain, by the issue of Debentures at English, rates of interest, to be lent upon approved estates within the Colony of New Zealand ; the difference m the rates of interest constituting tho main source of profit to the Company. The Company will also, on commission, receive money m Great Britain for investment m New Zealand, m the name of the lender or of the Company, and either with or without the Company's guarantee. The borrowing powers of the Company, whether on debentures or otherwise, will be limited to the amount of the uncalled capital. The investment of the debenture money on good securities will afford a guarantee of safety alike to the debenture-holder and shareholder m the Company. Sound institutions of a similar character have no difficulty m placing their debentures at low rates of interest, and it is believed that this Company will readily secure the whole amount of money needed for successfully carrying on its operations. All such Companies, well managed, have been successful, affording the most complete security to those who lend on the Company's debentures, and to the shareholder who invests his money m the undertaking, and extends to it his guarantee. The following tnblc shows the naino of similar undertaking?, and indicates the success which has followed their opera* tions : — 1* M & I--& a. H - Name of Company. "3 ,c ? 3 3i 5 -gC rLJLifiJL Australian Mort- I (rage, Land and Finance Company 23 5 171-18 20 3C0.000 New Zealand Trust and Loan Company .. .. 25 5 18-19 20 110,000 New Zealand Loau and Mercantile Agency Company 25 21 sj-fis 15 210,000 An important feature m connection with this undertaking, and which must ensure to it good management and economy m adminis* tration, is that the Directors have arranged with the New Zealand Insurance Company, on Very favorable terms, for the use of their offices and agencies throughout the whole of the Colony. The Directors attach great in> portauee to this arrangement, believing that through it they have secured au efficient agency at the minimum of cost. Those who are most intimately, acquainted with the Colony know that, though there aro several similar Companies m full work m Nevy Zealand, yet the field is not half occupied, and that a very large amount of capital i 3 still urgently needed to develop the enormous resources of the Colony. The Directors feel the greatest confidence that there is an ample field for the success of the Company. The Company will be registered m England, and the necessary steps will be taken forthwith to issue the Shares m London and secure a quotation on the Stock Exchange, after which the Colonial applicants will hare their Shares placed on the Colonial Register. There will be an English and Colonial Register, and the Shares will bo transferable from one Register to another. There will bo a London Board of Directors, and several influential New Zealand Colonists have agreed to act aa Home Directors. It is also intended to place a large number of the Shares m Great Britain. The Capital of the Company has been fixed at £2,000,000. Shares will bo issued from time to time, as the Company progresses and the capital is required. The object of this notification is to ascertain the names of those who are willing to take Shares m tho proposed Company. Tho first issue of Shares will be limited to" 50,00^, and will be made m London. Of this issue as many as possible will be subscribed for there, on behalf of those who respond to this application, but [tho Directors do not bind themselves to any allotment, and reserve the right to refuse an allotment ; if no allotment be made, the deposit will be returned m full. More than one-half of the proposed Colonial allotment is already subscribed for. Application to be made at any of the offices of the New Zealand Insurance Company, or Bank of New Zealand m New Zealand, where forms can be had on or before seventh. August next. Auckland, 23rd July, 1883. 7-28 6150 mHE "TIMARU HERALD Steam and Atmospheric JOB PRINTING DEPARTMENT Is replete with and has one of the Largest and Choicest Plants of English and American Appliances and Types for Lettterpress Printing m New Zealand, and executes with taste, design and despatch every kind of work from a card to a volume. Posters Invoices. Streamers Billheads Day-bills Counterheada Hand-bills Memo Forms Circulars Menu Cards Cards (business) Invitation Cards Pamphlets Ball Programmes (vaPeriodicals riety of very choice Visiting Cards designs, with or Memorial Cards without pencils, &c) All our Stationery being Imported from the Home Markets, and our Printing performed by motive power, the Prices charged are very Moderate ; only a fair percentage for profit is added, therefore they do not exneod Dunedin or ChrisUhurcb. Prices. MODERATE CHARGES.