Page 3 Advertisements Column 4

Wanganui Chronicle, Volume XXI, Issue 3368, 17 February 1879, Page 3

PR OS p B TUS OP THE WANGANUI LOAN A\ Y D INVESTMENT SOCIETY. CAPITAL, £50,000, in 5000 Shares of ; £10 Each. . PboVISIONAL DIRKCTdKYi .1 ■■'<■' Mr F. R. Jiicksoa J>r K. 0. Eatle Mr J. P. Watt " Mr W. D. Shaw Mr Peter Bell Mr G. Beaven Mr C. H. Bbrlase , MrJohnNotman Mr H. Hurley ■ ' ' Mr J. G. Sharpe Mr Donald Ross j Mr J. C. Brechin , .' MnO. H.Aahforth (Manager;) '■ f Society's ' Office, 'Rutland OKamberk! Thu hisiory. of Building isb'ciefcies in VViUignnui is a record of success, binefii ial alike to borrowers aud investors They have e-iauled many tp obtam;b> a gpa«iuat- ! d afid'efey sciile* of-pajmt-uts' a frfdho'ld'-pPoperty, and have proytded 1 bthers with a safe and proti a"le meih.id of investment. lermiuable N6eieti ; e I s^{/o r wever, as their name mdicai es,. soon run course, and it b'-battfe '^ce^dr'y "in^ order to. cope wrih, thy, ever, increasing d mand tor building ; iperatiohsj to 'inaugurate' new Companies v^ lU i!: | On the termina'Dlie' 8y;B > t3ni' i itiL this ' distru-t two Societies' ■hav'e'Wen con- 1 eluded, leaving three in'actual opera- i tion, oue ol ttiese, 'however, will be wou; d u;> in a few mouths, so that practically there a,f<e, only two. .trans- '< acting the ordinary bWuess of a I Budding Society. ;,,. ■, ;■.:■■';' The, expeneiioeof , tl^e pastjygar/a has shown that the time has now arrived wneo another Soc.ietyjq'u' th.e'!termin>' able principle can be established with ; a certain prospect of success.' : With a j conscientious belief thai the Wanganui Loau aud Investment. .^Society will meet a growing dema d, and at once i enter ujjuii a po> fitable business, the Provisional Directors piace the same before the pub ic. It i» propps(,d, to make an importam alteiatiOu in the'amouht .if b'hares ami scaKs ut j.ajme us, and in thus departing from thu usual plan a opted, the i/trcetbrs would poiat out vui.t^g, a griped thttfejUy, By pladingw (he value of the shares at £10, aua the monthly calls at, 2s p-r Shtiro, it ia . estiuiated that the Suciery will be en- ' abled to Wminat'' in .-*ix ) ; ear» f om the dale of commeucem* nt. Af an ex:rtmple 'ot'j thei working of' tue proposeu Society, the lollowiug figures are given : — A Ijoir >wer to th« extent of £10D would rv,|;ay at the iv W ; of £1 ilfr bo; ptT month for t?ti6 six* \ veu^, so that at the, close of vhe opera- ' lious be will have pnhd iv J£l32. This scitle will be fouiid to favouraoiy compare; with any similar institution- hi tue Uolony. The advantage of being a Shareholder in a Building Society cannot j well be estimated. It possesses all ' the benefit of a Savings Bauk, with 3tt tr interest, and it enables a member to take advantage of any eligible j oppurtuuit) arising lor the acquire- i meui ol real estate. As a proof of iho i extent to which ihe terminable system | has been used iv this ' district, it is j poiuted out , that in three existing j xocitties upwards of £Go,ouo has be-.-n Dorrowed on frtehoid aud approved leasehold properties 1 his Society will be established under the " building Societies Act;, 187 G." By the provisions of this Act the usual cc^mpetitiou ior mouey is abolished. The operations of the new Society will not be solely confined to r Wanga^ Dvi, but will be exfeudod amoiig 'the established townships on this coast as opportunities uccur for safe investments. The entrance has been fixed at two shillings and sixpence for the first share and Is for each additional suc-ee.-sive share. Fo/in of application is attached which ohould be filled in and returned as quickly as possible, as it is proposed to commence operations in the month of April. Deposits on application can be paid to the Branches of the Bank of JNew South Wales at Bulls,' Feilding, Carlyle, and Hawera, aud at the Btores of Mr F. Beaven at Marton, and Mr J). M. iiogg at VVaverley, MUSIC. MUSIC. : . : JU«T RECEIVED, ex Arawata, a Large Selection of Aew and Popular Music, consisting of Songs, Vocal duetts, pa.^ v Mteric; 1 Piano'iorte Pieceß, Pianoforte Duetts, Dance Music Duetts. TUTORS ANp; • STUDIED „.!. Teachors.ofjJ^u^i^ are . particulaijly requested 'to' inspect the above, as they will find the finest assortment ever received into Wangauui. „_• ■ . ' l.< >~T~ .v.; •'• , ; ' ' . :■'■ Music posted to any part of the district, one penny! per ciunee.^ ! Music Seller, etc., Nearly opposite Banlrof-Australasia, : fiidgway street .;■,', . Uitii j/tTIjJ-iifi '>;' /..'I.; j ,i.X ,' ' ' T. & D. McFARLANE, Sailmakers, St Hill Street', Wanganui, BEG: tq } inform ; the inhabitents : of Wanganui and the surrounding district, tb^at they, keep a Jargefiftock of T nts, Horsecovera, Oilcoats, and Tarpaulins on hand.. ■■■-.u'l Orders executed on thei shortest notice.