Page 4 Advertisements Column 7

Wanganui Herald, Volume XX, Issue 5916, 3 June 1886, Page 4

Prospectus. PROSPECTUS OF THE WELLINGTON BUILDING AND INVESTMENT COMPANY (Limited). TO BE REGISTERED UNDER " THE COMPANIES ACT, 1882," CAriTAL, £100,000 in 10,000 shares of £10 EAOH (Of which it in intended to make provision at present to call up £5), WITH POWER TO INCREASE: . Payment for Shares by Instalments extending, if desired, through a number of years, PROVISIONAL~DIRECTORY ;- James Barry, Esq. (Barry & McDowell), J. R. Blair, Esq., J.P. (Lyon & Blair), Wm< Dawson, Esq., J.P. (Wm. Dawaon & Co.), T. G. Maoarthy, Esq, J.P. (Brewer), Jas. MoKerrow, Esq , J.P, (Surveyor-General), Jos; Nanoabeow, Esq. (Inspector of Machinery), R, M. Simpson, EsqJ, J.P. (Manager N.Z. Insurance Co.) BANKERS ; The Bank oj? New Zealand. SOLICITORS : Messrs Buckley, Stafford, and Barton, \ INTERIM SECRETARY : R. M. Simpson. FTPHE increasing importance of Wellington _1_ and the surrounding district is creating ample room for the establishment of another financial institution. It is therefore determined to float the above Company, with the following objects in view :—: — lot: To assist persons desirous of acquiring property. 2nd, To utilise savings to the beßt advantage, by enabling pereona to contribute according to their means, and by proper investment to secure the highest available rate of interest. 3rd* To enable persons desirous of borrowing on security of property, to do so at a fair rate of interest, and to provide an easy mode of liquidating the principal. 4th. By conditions of contributions for shares, and by various tables, to provide means for accumulating funds to meet any special requirement, such as endowment for children or provision for old age. The Company will be essentially mutual in its operations, as its entire aim will be to promote the best interests of borrowers and lenders by becoming tbfe medium of business between them, and bo secure a fair share of advantage to eaoh. To the working man an opportunity will be given to invest savings in the moßt advantageous manner possible, ' To the man of Borne small meant), there will be a safe mode of realising the highest rate of interest for his money, without any care or anxiety on his part as to the issue. To the capitalist there is an opening for him to utilise some portion of hia wealth In a useful and profitable manner. The want of such a Company as proposed is distinctly felt, even in these comparatively dull times* The scheme, therefort, is launched with the greatest assurance of success, as it must be admitted that the tendency will be for values to improve immediately the cloud of depression has passed away from the commercial world, As confidence returns, undertakings such as this will be carried forward on the succeeding wave of prosperity. EXPENSES OF MANAGEMENT. Arrangements are being made to have the expenses of management on a most economical scale, as also the legal work, SHARES. Shares will be of the nominal value of £10 each, but it is nob intended to make provision to call up at present more than £5 per share. This amount will be payable in either of one of two ways as may be selected :—: — Class I—sa1 — 5a on application, 53 on allotment, and monthly instalments of 5s per share for eighteen consecutive monthß after allotment, as shall be directed. The Board of Directors may permit any such Shareholders to pay in advance of the stipulated time and secure a corresponding benefit, in dividend or interest, as may be arranged. Clasa 2 — By monthly payments under special table, extending over periods of five, six, eight or ten years, as shall be selected ; the shares being deemed to be duly paid up to £5 each when the whole of \he instalments are paid as agreed upon, until which periods the holders of such shares do not otherwise participate in the Company's profits, It will be seen by the table below that a person taking these shares pays in less than nominal paid-up value, and to this extent he participates in the profits made. In this class □ofewer than ten or more than fifty shares will be alloted to any one person. No more than one fiftieth of the j whole number ol shares of the Company can be held by one person* EXAMPLE; Payments in Cla3s 2, for every 10 shares, paid up to £5 per share— £so. Period, syrs, per month 143 9d 'i'lpaym'nts, £ii 5s „ 6yrs, „ 12s „ „ £43 48 „ Syrs, „ 8s 6d „ „ £(0168 „ lOjrs, _ „ 6s 3d „ • „ £37 10s Every application for shares must be accompanied by a deposit equal to one month's j instalment on the number applied for. Application for shares, accompanied with deposits, will be received at any agency of the Bank of New Zealand throughout the district, by the Secretary, Mr R, M« Simpson, New Zealand Insurance Buildings, corner of Grey Street and Lambton Quay, Wellington, by whom also every information respecting the Company will be furnished ; or to THOMAS CULPAN, Manager N.Z. Insurance Company, • Wanganui. HOLLOW AY'S j-\ __ _ ILLS AND UINTMENT, Thia Useful Medicine is a Househol Requisite Everywhere. Twin IptTjTiS jnL-KH JET JLJJJJO Purify whe Blood, impart tone to the Nebvotrs System, and act moat powerfully yet soothingly on the Liver and Bowels, promoting Digestion and Assimilation, and endowing the whole bodily frame with Strength and vigor, Nervous headacheTremblings with lassitudo and General Debility quickly yield to tho potent force of these well-known Pills, and they are unrivalled in their efficaoy in all FEMALE COMPLAINTS, removing all obstructions, skin blemishes, pimples and boils, better than any other iamily medioine known, • THE OINTMENT HAS A WORLD-WIDE REPUTATION. It Heala every kind of Sore, Uloeb, and Wound more certainly thaa any other known salve. Ita marvolloua penetrating powers render it invaluable in all Throat and CHEaE Diseases, curing Bronohitia, Quin3ey, and Asthma, reducing Glandular Lumps, closing and healing Abbesses and Fistulas, and for alleviating the exoruolat Ing tortures of Rheumatism, Gout, and Neuralgia It ia unsurpassed, It never fails to remove Scurf and every species of Skin disease Tho Pills and Ointment are manufactured only at 78, New Oxford Street (late 633, Oxford Street), London; and are sold by all Vendors of Medioine throughout the CJvll« aedi World! PHOTOGRAPHY. ' " NOW OPEN. IBEG to announce that the Studio is now open. Portraits taken daily in every known style. Large Family Groups, Views of Residences, Machinery, &c, accurately photographed ; all kinds of pictures carefully oopied and enlarged to any size. Children's Photos specially studied.. Studio open all holidays. Weather no object, if not too late in the day, £STNoTE THE ADDRESS — J. KIRKWOOD, Photographer, (Late Huff's) Opposite the Convent, Victoria Avenuo, Wanganui.