Page 22 Advertisements Column 1

New Zealand Tablet, Volume IX, Issue 438, 2 September 1881, Page 22

PROSPECTUS. THE GUARDIAN, TRUST, AND EXECUTORS COMPANY OF m NEW ZEALAND (LIMITED). To be incorporated under " The Joint Stock Companies Act, 1860," and under a Special Act of the New Zealand Parliament. Capital ... ... £100,000, In 20,000 Shares of £5 each, Payable Half-a-crown on application ; Half-a-crown on allotment ; and the balance as may be required, at intervals of not less than three months. It is not intended to call up more than £1 per Share. Pbovisional Committee. Hon. W. H. Reynolds, Montecillo. Captain W. Baldwin, J.P., Dunedin. A. Bartleman, Esq*, Dunedin, John Bathgate, Esq., J.P., The Glen. Robert Burns, Esq., F.R.C.S.E., Dunedin. Alex. Bart, Esq., J.P., Dunedin. Daniel Campbell, Esq., Dunedin. Henry Clark, Esq., J.P., Clarksville. George L. Denniston, Esq., Dunedin. John Douglas, Esq., Mount Royal. Dr. Douglas, J.P., Frankton. Henry Driver, Esq., M.H.R., J.P., Roslyn. James Green, Esq., J.P., Blueskin. James Hazlett, Esq., J.P., Dunedin. W. J. M. Larnach, Esq., C.M.G., Dunedin. Henderson Law, Esq., Dunedin. R. A, Lawson, Esq., Dunedin. Alex. R. Livingston, Esq., Dunedin. John Macfarlane, Esq., Dunedin. James Marshall, Esq., Dunedin. Gilbert C. Matheson, Esq., Dunedin. Hugh J. M'Lean, Esq., Dunedin. John Mitchell, Esq., Dunedin. W. G. Neill, Esq., Dunedin. Robert Paterson, Esq., J.P., Dunedin. Keith Ramsay, Esq., J.P., Dunedin. C. 8. Beeves, Esq., J.P., Dunedin. W. C. Roberts, Esq., Dunedin. W. Boyse, Esq., Dunedin. Captain Robert A. E. Scott, R.N., Opoho. W. D. Stewart, Esq., M.H.R., Dunedin. George Turnbull, Esq., J.P., Dunedin. With power to add to their number. Mr. Bathgate, Convener. Bankers. The Colonial Bank of New Zealand.

The Provisional Committee shall, as soon as the allotment of Shares has taken place, appoint seven of their number to act as Provisions! Directors until the first general meeting of the Shareholders to be held within four months after the registration of the Company, wh«n the Directors to hold office in terms of the Articles of Association shall be elected by the shareholders. The primary object for which it is proposed to establish the Company is :— The administration of estates by the Company, as Trustee and Executor, so as to obviate the danger of misapplication of trust funds, and the inconvenience arising from the death or removal of Trustees nominated under a settlement. As the Land Transfer Act holds Trustees to be absolute owners, it is advisable for the complete protection of beneficiaries that real estate for trust purposes •hould be vested in the Company. It is also intended that the Company shall have power to act as • —Trustee in Bankrupt and insolvent Estates ; Attorney for the Management of Property belonging to persons who desire to delegate such management, either on account of absence from the Colony or otherwise ; Committee for Lunatics ; Guardian for Infants ; and generally in the transaction of all Agency business, financial or otherwise. Arbitrator or Umpire in the settlement of disputes, and as Valuator. c ' i_ fading feature in the conduct of the Company's business will be that all charges against clients will be by commission, regulated by a table of rates, thus removing all ground of complaint on the score of heavy legal costs. Tt is expected that the Directors will nave no difficulty in carrying on the business of the Company, in the meantime, without other professional assistance than the services of an efficient Secretary ; but it is intended, whenever it has increased •o as to warrant the employment of a solicitor as manager, at a fixed salary, the appointmeat will be open for competition, and a gentleman of the highest legal attainments selected. At the same time where constituents direct that their own law adviser should be consulted, their instructions will be dnly given effect to. m J o^. ele ° tion of Directors and Auditors will be under the control c£ the shareholders. The transactions of the Company being strictly confined to business remunerated by commission, no speculative risk will be incurred hy the shareholders. Similar companies have been in operation for many years at the Cape, and more recently in Adelaide and Melbourne. They have been uniformly successful as meeting an acknowledged social want, lhe shares of the Victorian Company stand now at a considerable premium. As business has already been promised to the Company whenever it is formed, there is every reason for anticipating that its shares will prove a safe and lucrative investment. No agreements have been entered into by the Company. The Memorandum of Association may be seen at the office of the Convener of Provisional Committee, 8 Colonial Bank Buildings Dunedin, from whom, or from any member of the Committee, or any Broker, or at any branch of the Colonial Bank, forms of application ynia every information, may be obtained.