Page 4 Advertisements Column 1

Timaru Herald, Volume XXXIX, Issue 2766, 4 August 1883, Page 4

Prospectus TVTEW ZEALAND LAND MORTGAGE J>l COMPANY, LIMITED. To be incorporate under the English Joint Stock v.\>mpauic3 Acts. CAPITAL' £2,0(10,000, In 200,000 Shares of £10 each. First issue 50,000 Shares o£ £10 each, £300,000. Hqad Colonial Offices Auckland. Deposit on application, 5s per Share ; payable on allotment, 5s per Share ; further calls not exceeding £1 m tho 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 Directors : 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 tho Bank of New Zealand. James M'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 Burgoyno Owon,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 the N.Z. Insurance Company. (With power to add to their number.) BAXKEB3 :" Tho Bank of New Zealand. Solicitors : Messrs Whitaker and Russell. Skcretahy mo tern. : James Buttle, Esq. Offices : New Zealand lusurance Co., Queen street, Auckland. This Institution is to be formed for tho purpose of transacting the business of a Loan and Investment Company. It i* proposed to raise money m Great Britain, by the issue of Debentures at English rates of interest, to bo lent upon approved C3tatc3 -nithin tho Colony of New Zealand ; the difference hi the rates of interest constituting the main source o£ profit to tho Company. Tho 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 ditliculty m placing their debentures at low rates of interest, and it is believed that this Company will readily secure the wholo nmount of money needed, for successfully carrying on it 3 operations. All such Companies, well managed, have Tjccn 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 namo of similar undertakings, and indicates the success which has followed their operations : — Li. %.*%.! Name of Company. = M =?J ~3 33? -SS S"'^^ ~~z ~-^i B" r i 2 - § i^ i Z* \ £* -4 < Australian Mort-(,-age, Land and Financo Cempany 25 5 17J-18 20 300,000 New Zealand Trust and Loan Company .. .. 25 5 18-19 20 110,000 New Zealand Loan and Mercantile Agency Company 25 2t sj-6j 15 210,000 An important featuro m connection with this undertaking, and which must ensure to it good management and economy m administration, is that the Directors have arranged with the New Zealand Insurance Company, ou very favorable terms, for the use of their offices and agoncies throughout tho whole of tho Colony. The Directors attach great importance to this arrangement, believing that through it they have secured an efficient agency at the minimum of cost. Thoso who aro most intimately acquainted ■jvith the Colony know that, though there are several similar Companies m full work m New Zealand, yot tho 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. Tho Company will be registered m England, and the necessary steps will be taken forthwith to issue tho 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 flucnlial New Zealand Colonists havo 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 "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 the proposed Company. Tho first issue of Shares will bo 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 bo made, the deposit will bo returned m full. More than one-half of tho proposed Colonial allotment is already subscribed for. Application to bo made at any of tho offices of the New Zealand Insurance Company, or Bank of Now Zealand m New Zealand, where forms can be had on or before seventh August nest. Auckland, 23rd July, 1883. 7-28 6150 JIOR SALE — IN FARMS TO SUIT PURCHASERS, THREE SPRINGS ESTATE, FAIRLIE CREEK. For Plan 3 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 tho " Auckland " with their first Shipmont 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 Largo Quantities. 8-3 6217 JULES, ARCHER & CO.