Page 22 Advertisements Column 1

New Zealand Tablet, Volume IX, Issue 433, 29 July 1881, Page 22

ABRIDGED PROSPECTUS OF THE EAST COAST NATIVE LAND AND SETTLEMENT COMPANY (LIMITED). CAPITAL '. £500,000 In 100,000 shares of £5 each, Whereof 70,000 will be allotted to the Aboriginal Native Contributors of Land, called " Original Shares," and 30,000 to European subscribers of capital, and called "Capitalist Shares." First issue of Capitalist Shares, 20,000, payable as follows :— ss on application, 5s on allotment ; subsequent calls, if they are required, not to exceed 5s each, nor to be made at intervals of less than three months. PROVISIONAL DiBECTO&S : Graves Aitken, Esq., Auckland John Bamtclough, Esq., Oamaru Horace Bastings, Esq., M.H.8., Donedin F. H. D. Bell, Esq., Wellington William Buchanan, Esq., Auckland O. A. De Lautour, Esq., M.H.8., Gisborne G. Fenwick, Esq., Dunedin Allan Macdonald, Esq., M.H.8., Gisborne D. H. Mackenzie, Esq., Auckland F. J. Moss, Esq., M.H.R., Auckland Wiremu. Pere, Native chief, Gisborne Henare Potae, Native chief, Tokomarau Bay J. B. Poynter, Esq., Gisborne D. Proudfoot, Esq., Dunedin Montagu Pym, Esq., Dunedin G. M. Reed, Esq., Gisborne W. L. Bees, Esq., Gisborne R. H. J. Beeves, Esq., M.H.R., Nelson R. C. Heid, Esq., M.H.8., Hokitila Hon. "W. H. Beynolds, M.L.C., Dunedin H. C. Robjohns, Esq., Napier Major Bopata, Native chief, Tokomarau Bay Hon. H. R. Russell, M.L.C., Hawke's Bay J. M. Bhera, Esq., Auckland B. Stoat, Esq., Dunedin J. S. M. Thompson, Esq., Wellington W, H. Tucker, Esq., J.P., Gisborae B. Wilson, Esq., Dunedin SOLICITORS : Wellington : Messrs. Sievwright and Stout Gisborne : W. L. Bees. Bakkebs : The Colonial Bank of New Zealand. Brokers and Agents : Dunedin : J. B. Bradshaw Christchurch : T. B. Craig Wellington : Lidbetter and Cooper Auckland : A. Saunders Oamaru : Joseph Booth Greymouth : G. W. Moss Hokitika : Messrs. Wade and Spence Hon. Secretary : F. J. Moss, M.H.8., Wellington. The following is an epitome of the objects of the Company as detailed in the Prospectus, which may be obtained from the Brokers and at the various branches of the Colonial Bank : — Tne object of the Company is the voluntary association of the owners of Native lands with European capitalists, for the purpose of promoting settlement on the lands on the East Coast of the North Island of New Zealand. This is intended to be attained by ths Native owners contributing blocks of land at original or unimproved values, receiving paid-up shares in the Company for the same ; the European shareholders contributing capital to be called up in fixed and limited amounts as may be found requisite for conducting the operations of the Company, It is intended that the cash capital raised shall be employed in defraying expenses of management, completing titles, effecting surveys, and subdivision into farm and township lots, opening means of access, conducting the sale and leasing of lands, promoting the formation of Special Settlement parties from England and elsewhere, making advances to settlers on security, and generally in utilising the lands and property vested in the Company to the best advantage, The Company is at present registered under the Joint Stock Companies Act, with a nominal capital of £25,000, by the promoters, who, finding it necessary to increase their operations, transfer their interests to the extended proprietary, retaining 1000 paid-up Capitalist and 1000 paid-up Original Shares in the Company. The Government having abandoned the purchase of Native lands, the Native owners in the Poverty Bay and East Coast districts being strongly desirous of opening their lands for settlement, in a manner mutually beneficial to themselves and such Europeans as may be desirous of becoming associated with them on the principles proposed in the prospectus, have, after making provision for their own requirements, entered into contracts for passing over large areas of valuable land to the Company, at prices based on. those of formar Government purchases, receiving shares in payment for the same. It is anticipated that the Company will be able to dispose of its lands to great advantage, as under its control, and with its guarantee, title will be absolutely good, while all lands purchased will be at