Page 3 Advertisements Column 4

Timaru Herald, Volume XXXIX, Issue 2763, 1 August 1883, Page 3

Prospectus TVT EW ZEALAND LAND MORTGAGE -131 COMPANY, LIMITED. To be incorporated under the English Joint Stock Companies Acts. CAPITAL £2,000,000, Iv .200,000 Shares of £10 each. First issue 50,000 Shares of £10 each, £500,000. Head Colonial Offices Auckland. Deposit on application, 5s por Share ; payable on allotment, os per Share ; further calls not exceeding £1 m the whole will hereafter, from time to time, be made as may bo required, but it is not proposed to call up more than £1 per Share m all. Colonial Dikectobs : Samuel Browning, Esq., Deputy-Chairman of the 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 K'Cosh Clark, Esq., Director of the New Zealand Insurance Company, Auckland. David Liinond Murdoch, Esq., General Manager of the Bank of New Zealand, Auckland. George Burgoyne Owen, Esq., Director of tho 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 the 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 tho N.Z. Insurance Company. (With power to add to their number.) Bankers : The Bank of New Zealand. Solicitors : Messrs Whitaker and Russell. Secretary pro tern. : James Buttle, Esq. Offices : New Zealand Insurance Co., Queen street, Auckland. This Institution is to be formed for tho purpose of transacting the business of a Loan and Investment Company. It is proposed to raise money m Great Britain, by the issiieof 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 the main source of profit to tho 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 thia 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 table shows the name of similar undertakings, and indicates the success which has followed their operations : — i.is 1 ii * Name of Company. ■gJ;?J -jjjj 8§ S ■§§ l_°r_ _l__iy_L_ Australian Jlcrt- ! Rage, Land ami ; Finance Cempany 25 5 17J-1S 20 300,000 New Zealand Trust and Loan Company .. .. 25 5 18-19 20 110,000 New Zealand Loan and Mercantile Agency Company! 25 2j I sj-6j 15 210.000 An important feature m connection with this undertaking, and which must ensure to it good management and economy m administration, is that tho 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 importance to t'ais arrangement, believing that through it they have secured an efficient agency nt the minimum of cost. Those who are most intimately acquainted with the Colony know that, though there aro scvor.il similar Companies m full work iv New Zealand, yet the field is not half occupied, and that a very large amount of capital is 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, aud the necessary steps will be taken forthI with to issue the Shares m London and secure a quotation on the Stock Exchange, after which the Colonial applicants will have their Shares placed on the Colonial Register. There will be an English and Colonial Register, and the Shares will be transferable from one Register to another. There will be a London Board of Directors, and sevoral intluential New Zealand Colonists have agreed to act as 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 be 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 the 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 tins application, but (the Directors do not bind themselves to any allotment, aud 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 Lost and Found. £1 REWARD. * T OST— One Bay HACK; star on foreJLJ head ; branded Won near shoulder j the two fore feet turn inward a little. Anyone returning sauio to Mb Edward Lee, Temuka, will receive the above Reward. 7-17 6026 £l REWARD. LOST— From Kerrytown, a Dark Bay MARE, Black Points, shod on fore feet, collar-marked, White Star on Forehead. Formerly belonged to C. Wederell, Fairlie Creek. Information of her whereabouts to be given to Rd. Uoare, Kerrytown, 7-27 6137 ADVERTISEMENTS intended for Pub lication m the TIMA.R XT HERALD may be left at the Office any hour through the day. AFTER NIGHT they may be put m the FRONT DOOR LETTER BOX up to Midnight, and they will bo inserted if for persons having an account current at the Office. Advertisements to bo paid or arranged for may be taken through tho Side Passage after night to the back of the premises. Aa« vertisements received p**«sr ten o'clock will be placed over Leader and charged for accord, ingly.