Page 15 Advertisements Column 1

Observer, Volume XI, Issue 752, 27 May 1893, Page 15

"P|EVONPORT BOROUGH COUNCIL. WATERWORKS X OAN JIJ OF dblO,ooo, AT O2 PEE CENT. IN DEBENTUEBS OF £100 EACH, EEDEEMABLE Ist JUNE, 1943. Authorised by the EatepayeTSof the Borough under the Municipal Corporation Act, 188S, the Security offered for the Loan is as follows, namely : — (a) Plant of vhe Waterworks and Site. (b) Profit arising from Supplying Water. (c) Special Bate of. Ninepence (9d) in the Pound on the .annual value of all Eatable Properties in the Borough. (d) Sinking Fund to be provided, one-half per centum per annum on the amount of proposed Lo m. (c) Period for Bepayment of the Loan, 50 years. Minimum Price, £100 for each £100 Debentuies. Interest commencing June Ist, 1893. 1. The National Bank of New Zealand i (Limited), as the Bankers of the Borough Coun- . cil of Devonport, are empowered to negotiate the sale of £15,000, in' Debentures as above, which are payable to bearer on Ist June, 1943, at the National Bank of New Zealand (limited), i Auckland. - i 2. Interest at the rate of 5J per cent, accruing ; from jTine Ist, 1893, payable by coupon on Ist December and Ist June in every year at the Motional Bonk of New Zealand (Limited). Auckland. 3. Tenders in the Application Form annexed to Prospectus will be received by the National Bank of New Zealand (Limited), until two o'clock on MONDAY, the 29th May, 1893, and will then be opened in the presence of the Manager of the Bank and Mayor and Two Councillors of the iDevonport Borough Council. 4. The Council reserve the right to decine any tender or tenders, and in that event the deposit money paid with any, tender so declined shall be forthwith returned to the person entitled. 5. Payments from applicants will be required as follows, viz. :— £5 per cent, on application, and the balance within 10 days after notice of Allotment. Allotment, TUESDAY, May 30, 1893. 6. The Debentures will be allotted to the highest tenderers, provided the prices offered be not below £100 for each £100 Debenture. If total amount of tenders exceed the sum of £15,000 a pro rata allotment will be made. 7. In case of partial allotment of Debentures to any applicant, the full amount of 'deposit paid by such applicant shall be applied in part payment of the value of Debentures allotted; the balance of the value shall be paid within 10 days from date of allotment or the deposit paid shall be forfeited to the Council. 8. The present capital value of the Eatable Property in the Borough is £407,333 0 0 The annual ratable valuation for the current year ending April Ist is £18,384 0 0 Which at Is in the &— £919 4 0 With power to increase the Bates to such an amount as the Council may from time to time deem expedient. 9. Forms of Tender and Prospectus and other information may be obtained from the National Bank of New Zealand (Limited), or from the Town Clerk, Devonport Borough Council. J. DINSDALE, Town Clerk, Devonport. April 27 h, 1893. T^T OW ON' SALE. AT ALL ' OBSERVER. ' AGENCIES COPIES O3T OUK BALIANCE PICTURE EXECUTED IN TINTS. This picture is a beautiful Crayon Drawing; and is far superior to any photographic enlargement. It is a sj. eakirg likeness, and is primed on superior paper especially for framing. Unly a limited number of copies have been printed, and these have been done at considerable expense.. Price One Shilling. Sent to any address post free. MR W AMUEL A DAMS TEACHER OF MUSIC, PONSONBY ROAD. PIANO, VIOLIN, & 'CELLO. Card of Terms on application. J) * Q w ii n, DENTIST, HOBSON'B BUILDINGS, SHOETLAND STEEET, AUCKLAND. Telephone 601. T> OBERT PARREL L, BUILDER AND CONTRACTOR AN GLESEA-STEEET. Improved Screw Jacks for hire