Page 3 Advertisements Column 3

Timaru Herald, Volume XXXIX, Issue 2765, 3 August 1883, Page 3

Prospectus IVJEW ZEALAND LAND MORTGAGE ■*-* COMPANY, LIMITED. To bo 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, 5s per Share ; payable on allotment, 5s per Share j further calls not exceeding £1 in 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 in all. Colonial Dibectobs : Samuel Browning, Esq., Deputy-Chairman of the N.Z. Insuranco Company. Thomas Buddie, Esq., Director of tho 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 Limoud Murdoch, Esq., General Manager of the Bank of New Zealand, Auckland. George Burgoyne Owen, Esq., Director of tlie 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. Tho Hon. Jaine3 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. Secbetaky peo test. : James Buttle, Esq. Offices : New Zealand Insurance Co., Queen street, Auckland. Thi3 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 ; tho 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 New Zealand, in the name of the lender or of the Company, and either with or without the Company's guarantee. The borrowing powere of the Company, whether on debentures or otherwise, will be limited to tho 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 needeel for successfully carrying on its operations. All such Companies, well managed, have been successful, affording the most complete Becurity 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 Bhow3 the name of similar undertakings, and indicates the success which has followed their operations : — 1 L ° i'i b 1, -is. § 'I sgUe ii -:■§=■ °i Name of Company. •3^l ?5 -3 Sag -g fe r -__ _i__ 11s j_ Australian Mort- j (.-at'O, Land and Finance Company 25 5 17J-13 20 300,000 New Zealand Trust and Loan Company .. .. 25 5 -13-19 20 110,000 New Zealand Loan aud Mercantile Agency Companyl 25 2\ SJ-6* 15 210,000 An important feature in connection with this undertaking, and which must ensure to it good management and economy in administration, 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 tho whole of tho Colony. The Directors attach great importance to this arrangement, believing that through it they have secured an efficient ageuey at the minimum of cost. Those who arc 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 thata 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 in England, aud tho necessary steps will be taken forthwith to issue the Shares iu 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 bo 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 tho Sharea in 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 in the proposed Company. The first issue of Shares will be limited to 50,003, and will be made in London. Of tliis issue ns many as 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 the right to refuse an allotment ; if no allotment be 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 office3 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 ■p*OR SALE — IN FARMS TO SUIT PURCHASERS, THREE SPRINGS ESTATE, FAIRLIE CREEK. For Plans and Particulars, apply to NATIONAL MORTGAGE AND 7-24 6107 AGENCY COMPANY. Miles, Archer & Co. NEW SEASON'S CLOVER, &c. " MILES, ARCHER AND CO. HAVE pleasure to REPORT ARRIVAL of the " Auckland " with their first Shipment of NEW SEEDS, consisting of White Clover Trefoil Red „ Italian Rye Cowgrass Crested Dogstail Alsike Fescues and Poas Timothy Broad-leaf Essex Turnips, Mangolds, &c. Rape. All Finest Selected English Seeds, Special Quotations for Large Quantities. 8-3 6217 MILES, ARCHER & CO.