Page 4 Advertisements Column 1

Timaru Herald, Volume XXXIX, Issue 2770, 9 August 1883, Page 4

Prospectus NEW ZEALAND LAND MORTGAGE COMPANY, LIMITED. To be ineorporaUvl under the English Joint Stock Companies Acts. CAPITAL £2,000,000, Iv 200,000 Shares of £10 each. First issue 60,003 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 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. COIONIAIi DIEECTOBS : Samuel Browning, Esq., Deputy-Chairman of the N.Z. Insurance Company. Thomas Buddie, Esq., Director of the N.Z. Insuranco Company. John Logan Campbell, Esq., Director of the Bank of Now Zealand. James M'Cosh Clark, Esq., Director of the New Zealand Insurance Company, Auckland. David Lnnond Murdoch, Esq., General Manager of the Bank of New Zealand, Auckland. George Burgoync 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. (With power to add to their number.) Bankers : ' The Bank of New Zealand. Solicitors : Messrs Whitaker and Russell. Secbetabt pro tern. •. 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 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 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 tho 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 seonrities 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 tho whole amount of money needed for successfully carrying on its operations. Ail 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 ilia money m the undertaking, and extends to it hia guarantee. The following table shows tho name of similar undertakings, and indicates the success which has followed their operations : — 1 *§ 51 i «Se,s 2g '"•gS 2 Name o! Company. "3^ '-S-g o— " ° ™ Australian Martnge, Land and Finance Cempan.v 23 5 17J-18 20 300,000 Jisw Zealand Trust and Loan Com- - pany .. .. 25 5 19-19 20 UO.OOO New Zealand Loan and Mercantile Agency Company 25 2} sj-Ct 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 the Directors have arranged with the New Zealand Insuranco Company, on very favorable terms, for the use of their offices and agencies throughout the whole of the Colony. Tho Directors attach great importance to this arrangement, believing that through it they have secured an efficient agency at tho minimum of cosr. Those who are most intimately acquainted with the Colony know that, though there are several similar Companies m full work m New Zealand, yet the field is not half occupied, and that a very large amount of capital is still urgently needed to develop tho 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 have their Shares placed on the Colonial Register. There will bo 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 Shaves 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. The first issue of Shares -will be limited to 50,000, 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 (the Directors do not bind themselves to any allotment, and reserve the right to refuse an allotment 3 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 JpOR SALEIN FARMS TO SUIT PURCHASERS, THREE SPRINGS ESTATE, FAIRLIE CREEK. For Plans and Particulars, apply to NATIONAL MORTGAGE AND 1-24, 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 Shipment of NEW SEEDS, consisting of White Clover Trefoil Bed „ Italian Rye Cowgrass Crested Dogstail AJsiko Fescues and Poas Tiaothy Broad-leaf Esses Turnips, Mangolds, &c. Rape. All Finest Selected English Seeds. Special Quotations for Large Quantities. 8-3 6217 MILES, ABGHER & CO.