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)ROSPECTU S, OF lIIK ■ J WELLINGTON AUCTION AND HER-1 OANTILE COMPANY (LiMiTFn). ! To ba registered under the Joint Stock I Companies Act, 1872, and Amendments, ' Cahtai/, ,{25,000 in 25,000 shaves of £ 1 each, with power to incroaso the Capital. Payable as follows: One Shilling per Sharoon Application, One Shilling per Shaw on Allotment, and tho bttlanco as may bo required; but no Call shall exceed One Shilling per Share, or be made at less intervals than one inonlh. It will not be necessary for some years to call upon moro than 10s per Sharo, unless for a special purpose, such as building larger premises. PaovmoHiL Dhctom : (i, Fisher, Esq., Mayor of Wellington F.II, Wood, Eeq,, Mayor of Greytown \V, Hutchison, Esq., 11.H.R, Wollington Alexander McDonald, Esq., Wollington James Cooper, Esq., Wnirarapa Thomas Smith, Esq., Ohariu ]). M. Brook, Esq., Kaitoko 11, C, Parker, Esq,, Nelson Samuel Gilmer, Esq., Wellington Isaac Plimmer, Esq., Wellington Jacob Lichtscheindl, Esq., Wellington E. E, Edmunds, Esq,, Wellington Edwin Perrett, Esq,, Wanganui G. W. Binncy, Esq., Auckland Bankers : Tho Colonial Bank of New Zealand Solicitors : Alessr3 Buckley. Stafford and Fitzherbsrk SECnEiATiY (pro tcm): Andrew Eeid Offices :- Messrs Dwan mm) Co.'s Auction Mart, Manners street,

This Company is formed to purchase (lie well known birsiuess and interest in the premises at present carried on and held by Messrs Dwan and Co., Auctioneers, General Commission Agents, and Merchant!), Marmora street, Wellington, and to carry on the same on a mora extensive scab, and by inducing all classes of the community in town and country to become shareholders, it is anticipated that the proposed Company will be ono of the most marked business successes in the city and district of Wellington, 2. Tho Convpauy will lake a transfer of h o business, goodwill, ORercies, goods ou consignment, lease of premises, _ with a purchasing clause, at a low valuation, &c., paying for the Biime the sum of live thousand pounds (£5,000), in the following manner—namely, £2OOO by fully paid up shares in the Company, and the balance by instalments at short dates, as may bo arranged, and as the capital of the Company is called up, Tho stock-in-trade, merchandise in store, and any other assets belonging to the present business may bo taken at a valuation or not, as the directors may elect. 3. The object of the Company will be to carry on tho business of Auctioneers, Land, Estate, and General Commission Agents, and a mercimtilo business generally, and by offering special inducements to farmers and others by making advances on goods placed in tho hands of the Company for sale, and commanding the utmost facilities for successfully and expeditiously realising the proceeds in this ov other markets, to so extend the operation of tho Company that the want of a larger capital alone prevents the present proprietors from attaining to. 4. While it is possible to obtain cash advauces'on produce, stock, and real estate, yet fh i! conditions usually imposed are found seriously inconventenl to borrowers, by reason of the public registration of ramtgages and liens; 'therefore the special advantages offered by this Company is one which farmcis and others will appreciate. fi. Shareholders in this Company will be enabled to borrow on tho most favorable terms, and will also have prtjcrentlal consideration; for they will be enabled (o obtain advances on growing crops, stock, ivc, without the transaction being made too public and proclaimed to everybody. G, Mr Thomas Dwan will remain, if required, as Auctioneer and Managing Director for a term that may bo deciced upon aud under arrangements that will bo satisfactory to tho Company, ako binding himself not to set up in the same line of business again in the district of Wellington during the continuance of tho above firm 7. To the public generally, farmers, and other producers especially, tins undertaking should recommend itself, as it is neither more nor less than a large co-operative association, in which all can have a share at a small :ost, and at the same timo command the oxperieneo and ability of trained bu»ino;s men, at a moderate charge, in the conduct of their business, whether the disposal of produce, tho obtaining an advance on the thousand and ono channel's in which most people want assistance and advice. 8. The qualification for each Director is 50 shares, and tho Company will be registered when 10,000 shares aio subscribed,

9. Under directions from the Provisional Directors, the hooks of the Vendors have Leen examined by a competent accountant, end the result, considering tho business hitherto carried on, is ci.'iinently satisfactory. 10, Deposits on applications for shares arc payable to the credit of tho" Trust Account, Wellington Auctiun and Mercantile Company (Limited)," at the Colonial Bank of Now Zealand, Wellington; and should tho Company not he registered, all deposits will he returned to subscribers in full. Forms of applicaiiou for shares may bo obtained at the offices of Messrs Dwan and Co., Manners-Btrcet, and from MESSRS LEDGER & lIICKSON, 1622 Brokers. mHE PERMANENT INVESTMENT I AND LOAN ASSOCIATION OF WAIKAKAPA, Main-streei, Giieytown. [ Incorporated under tho " Building Socioties Act, 187G."] Directors :- Messrs W. C. Cuff (Chairman), M. Caselberg, J. Fuller, W. Booth, IV. Sheet, F.W.K.Seed. The Annual Income exceeds ... . £7,000 Capital on Loan £IB,OOO Profits already allotted £4,243 IwrißivK Fund ,„ ,„ ... £BO4 The purposes for which the Association is established arc twofold. In the first place it offers an excellent method of in vestment for those who wish to accumulate their capital or savings at the highest rate consistent with perfect security and by allowing small or large sums to he invested by periodical payments, it conlorma to tho circumstances of all classes. la tho second place to thoso who require loans upon properties they already possess, or wl o may meet with opportunities of acquiring properties advantageously, it pre Bents to them means of obtaining advances upon easy and favorable term The Association receives fixed deposits at rates to bo agreed upon. Subscriptions on investment shares, />/ per month; ultimate value of shares, £SO. Applications for shares to ho addressed to the Manager. A liberal comnussion allowed to Agents on all investment shares issued through

OfEco Hours: konday, Wednesday, and Friday, from 2 to 4 p.m. Pay day : Tlie first Saturday in each month between tho hours of 2 and 4 and 7 and ilp.m AUENTS-JUsTERTOs-Mr W, Sellar. CAMEKTOK-Mr F, H. Wood. Feathkrstos—Mr J. (j. Cox, i/KOKUE WYETT, Manager A. P. FEEDING , "LEPETH'BUO'V OTimEu, seedsman AXD QHNKRAL DEiIER. '-■,• O'V takirg orders for E. COLLOTTE, ■ Sii?s»ivMiiin, for Fruit Tiees, and all uiuufl oi Howling and foliage p.auts. ' 1598

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https://paperspast.natlib.govt.nz/newspapers/WDT18840326.2.14.1

Bibliographic details

Wairarapa Daily Times, Volume 6, Issue 1644, 26 March 1884, Page 4

Word Count
1,094

Page 4 Advertisements Column 1 Wairarapa Daily Times, Volume 6, Issue 1644, 26 March 1884, Page 4

Page 4 Advertisements Column 1 Wairarapa Daily Times, Volume 6, Issue 1644, 26 March 1884, Page 4