Page 3 Advertisements Column 3

Timaru Herald, Volume XXXIX, Issue 2764, 2 August 1883, Page 3

E. F. Gray. FREEHOLD PROPERTY. WINCHESTER FAIR. THIS DAT, THURSDAY, 2nd AUGUST, 1883. KF . GRAY • Ims received instructions from the Executors of the late William Hornbrook, to Sell by Public Auction, at the Winchester Fair, 118 ACRES of the Best Land on the Estate, joining Mr M. Gaffney'a property, on the Main South Road, about 2J miles from the Arowhenua Railway Station. Liberal Terms will be given. K. F. GRAY, 7-27 6148 Auctioneer. Prospectus NEW ZEALAND LAND MORTGAGE COMPANY, LIMITED. To bo incorporated under tho 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, 5s per Share ; payable on allotment, 5s per Share ; further calls not exceeding £1 in tho whole will hereafter, from time to time, bo made as may be required, but it is not proposed to call up more than £1 per Share iu all. Colonial Dieectobs : Samuel Browning, Esq., Dcputy-Chainnanof 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 il'Cosh Clark, Esq., Director of the New Zealand Insurance Company, Auckland. David Limond Murdoch, Esq., General Manager of the Bank of New Zealand, Auckland. George Burgoyne 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 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. SOLICITOES : Messrs Whitaker and Russell. Secretary pro text. : James Buttle, Esq. Offices : New Zealand Insurance Co., Queen street, Auckland. 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 in 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 in the rates of interest constituting the main source of profit to the Company. The Company will also, on commission, receive money in Great Britain for investment in JNow Zealand, in the name of the lender or of the Company, and either with or without the Company's guarantee. Tho 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 in the Company. Sound institutions of a similar character have no difficulty in 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 managod, 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 in the undertaking, and extends to it his guarantee. The following table shows the name of similar undertakings, and indicates the success which hus followed their operations : — |5 i- i = il S~ |2 j'i. j § _ Name 'of Company. aJ| ?J j -a 3§ § -gE —£ 2 x s~ **o £ s * |°!2 2 Ssi ? I_ f _ _£ _f Australian Mort- i ; fSicc Company 25 ' 5 j 171-18 20 300.000 N'cw Zealand Trust ! I and Loan Com- | pany .. .. 25 i 5 18-19 20 110,000 Xcu- Zcalaud Loan I I and Mercantile ! ! Agency Company! 25 I 2.V I sj-0j ' 15 210,000 An important feature iu connection with this undertaking, and which must ensure to it good management and economy in administration, i3 that the Directors have arranged with the New Zealand Insurance Company, on ver}- favorable terms, for the use of their offices aud agencies throughout the whole of the Colony. The Directors attach great importance to this arrangement, believing that through it they have secured an ellicient agency at the minimum of cost. Those who are most intimately acquainted with the Colony know that, though there are several similar Companies in full work in 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 tho Colony. The Directors feel the greatest confidence that there is an ample field for the success of the Company. The Company will be registered in England, and the necessary steps will be taken forthwith to issue tho Shares in 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 several influential New Zealand Colonists have agreed to act as Home Directors. It is also intended to place a large number of the Shares in Great Britain. The Capital of the Company has been fixed at £2,000,000. Shares will be issued from lime to time, as the Company progresses and tho capital is required. The object of this notification is to ascertain tho names of thoso who are willing to take Shares in the proposed Company. Tho first issue of Shares will be limited to 50,00 ', and will bo made in London. Of this issue as many us possible will be subscribed for there, on behalf of those who respond to this application, but |the Directors do not bind themselves to any allotment, and reserve tho right to refuse an allotment ; if no allotment bo" made, the deposit will be returned in 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 in New Zealand, where forms can be had on or before seventh August next. Auckland, 23rd July, 1883. 7-28 6150 Christchnrcn Agency. MR WALTER SUCKLING STATIONER, Ac. Mahohebtrb Sxbhbt, South, AGENT in Ohristchurch for THE " TIMARU HERALD, Copies of which can bo obtained at hi* Shop after arrival of XspofOf ewh daft tar