Page 2 Advertisements Column 3

Wanganui Herald, Volume XXV, Issue 7474, 25 July 1891, Page 2

HOW TO MAKE TOTJB BOOTS vVBAR WELL. The way to olothe one's feet cheaply is to buy several pairs of Shoes at a time, and never wear any of them out. Shoes worn twice a week will last for years, whilo a pair of Shoes worn every day will not lost more than a few months. When a man wears the same pair of shoes every day the strain comes on tho same places in the shoes and the same parts of his feet; the shoes get damp, and tho tension is not relaxed oxcept at night. Then the style does not change in Shoos as in hats and clothes, so there is no trouble in preserving them indefinitely. Two pairs of patent leather low shoes will do for summer wear for five years if properly treated. Three pairs of walking shoes will last for two years without needing half soling: They will always look well, only all the shoes must be bought at once and kept for some time before being worn. Thb is a little point in economy whioh will save any reader of this paper from going to any other shop but Crichton & Newman's, where you will get first-class BOOTS AND SHOES at reasonable prices. ROSPECTTJB OF THE WANGANUI BUILDING SOCIETY 4 LAND AGENCY COMPANY (Lihitbd.) CAPITAL £10,000 In 200 shares of £5 each, The Liability of each Shareholder is limited to the amount of the share or shares he may hold. PBOVISIONAL DIBEO'I'ORS : Mr William Aiken (Chairman) Mr W. G. Bassetfc Mr James Laird Mr S. Turley Mr W. Bruoe Mr J. G. Sharpe Maita&bb : Mr Edward N. Liffiton. Baitkbbb : The Colonial Bank of New Zealand. Solioitois : Messrs Treadwell and Lloyd. Auditor : Mr Lloyd Jones : OlFlOBB : Butland Ohambers. The promoters, in inviting the publio to subscribe to the shares in thia Company have every confidence that their efforts to establish a business profitable aud convenient alike to Shareholders and tho gentral public will bo met with buccoss. That there is an opening there can be no doubt, for there is only one Company of the kind now extant in Wanganui, whoreas for many years there have been three or four, all of which did a profitable business. The objects for whioh the Company is established are: — a. The making of loans on the mortgage of freehold or leasehold property in the colony of New Zealand on the terms of such loan with interest being repayable either by instalments on some fixed day in every oalender month within a certain fixed period or on BUch other terms by instalments or otherwise as may be agreed on with the borrower at the time of the loan and subject to such bye-laws as may be made affecting the same. I. The making of loans on the security of personal property generally, and particularly upon the security of debentures of the General Government of New Zealand or the shares or doDentures of any Corporation or Public Company or body in New Zealand (including this Company), but not the making advancss or loans on or by discounting Bills of Exchange or Promissory Notes. «. The purchasing, holding, or selling of any such securities or debentures of the General Government of Now Zealand or the shares or debentures of any Corporation or Publio Company or body in New Zealand (including this Company). i. The purchasing of property with the view of subdividing and re-selling the same. t. The receiving of money on deposit at interest or otherwise. /. The receiving, by instalments payable on some fixed day in every calendar month from any person or persons suoh sums as may be agreed on and contracting to pay or paying to such person or persons each sum of money being the sum of twenty pounds or a multiple of twenty pounds, as may be agreed on at the expiration of an agreed fixed period from the date of the pay- ] ment of the first of such instalments. g. The borrowing or raising of money by the isßue of or upon bonds, debentiires, Bills of Exchange, Promissory Notes, or other obligations or securities of tbe Company or upon the credit of the Company or in such other manner as the Company shall think fit. h. The entering into, contracting for carrying out, and doing all suoh other acto, matters, and things as may be incidental to or conducive to the attainment, of all or any of the above object) or all or any objoats of a like or similar nature. It is proposed that the Capital shall at preient be only £10,000, so avoiding the heavy license fee on a large nominal capital, the promoters reserving the right to increase the oapital, when the business of the Company may justify their doing so. It is only proposed to call up £2 10s per share, viz , 2s on allotment arid the balance by monthly calls of 2s per share. This it is anticipated will enable many, who have a few shillings to spare per month to participate and share in the business of the Company and gradually accumulate a fund that will be a useful help in after life. Your promoters propose inserting in the rules a clause that no Director or Chairman of Directors receives any fee for their services as suoh unless the Shareholders first first determine in general meeting that a remuneration shall be granted, and such must be dealt with at each annual general meeting. Economical arrangements havo been made for the management of the Company that will materially aid in establishing a firm and lucrative business, and when similar Companies, handicapped by heavy payments for management aucoeed in paying large dividends, it can be easily seen that a remunerative business can ba established. It is also proposed to provide in the rules that upon any director borrowing from the Company (other than by way of advanoe on shares) he shall cease ipso facto to be a Director. Particular attention is 'called to Clause F., no Company in Wanganui having as yet made a feature of thb useful mode of enabling meohanics, artizans, and others to gradually accumulate their monthly savings. To this end tables will bo prepared oloarly setting out to those desirous of availing themselves of this mode of saving— 1. The amount of monthly payment. 2. The duration of such. 3. Tho amount of interest guaranteed, It is proposed to mako the first call payable on the first Monday in September and thereafter on the fust Monday in each calendar month. AU applicants for shares must with their application pay the first call, and a sum of 2s 6d on the first share, and Is per share on the remainder of their shares to provide a fund for the neceeiary books, printing, and general expenses of incorporating and floating the Company. Should the fund collected be in excess of those requirements the balance will he carried to the credit of Profit and Loss Account. Applications for shares will ba recslved by Mr Edward N. Lifliton, or by any of the 1 Provisional Directors. Applications for less than five shares will 1 not be entertained, and if any individual allotment is refused the deposit will be returned in full,