Page 22 Advertisements Column 1

New Zealand Tablet, Volume IX, Issue 451, 2 December 1881, Page 22

PROSPECTUS. THE COLONIAL LAND SETTLEMENT AND ENDOWMENT ASSOCIATION OF NEW ZEALAND, LIMITED. To be Incorporated under the " Joint Stock Companies' Act, 1860," and Amending Acts. CAPITAL, £250,000, IN 100,000 SHARES OF £2 10s. EACH. With power to increase. Payable as follows : — 2s 6d per share on Application ; 2s 6d on Allotment ; and 15s in Quarterly Payments of 2s 6d. It is not contemplated to call up more than £1 per Share. PROVISIONAL COMMITTEE. Charles Redwood, Esq., River- David Lundon, Esq., Wanganui lands, Marlborough Robert Holcroft, Esq., Wanganui Frank W. Petre, Esq., Dunedin Edward Ward, Esq., Wanganui H. Mcllhone. Esq., Thames Edmund O'Malley, Esq., WellingJohn Griffin, Esq., J. P., Dunedin ton J. R. Browne, Esq., C.E., Welling- James Brown, Esq., Hutt ton Thomas O'Driscoll, Esq., Timaru James Cook, Esq., J.P., Welling- Thomas Harney, Esq., Timaru ton Thomas Sugrue, Esq., Timaru Michael Bohan, Esq., Wellington James Sullivan, Esq., Timaru Richard Duignan. Esq., Welling- M. J. Malaghan, Esq., Queenston town Jeremiah O'Brien, Esq., Wellling- Thomas J. Leary, Esq., Dunedin ton Henry Redwood, Esq., J.P., Spring John F. Perrin, Esq., Dunedin Creek, Marlborough Michael McGoveran, Esq., Wai- Nicholas Moloney, Esq., South mate Dunedin Wm. Quinn, Esq., Waimate James Morkane, Esq., Port Francis O'Brien, Esq., Waimate Chalmers Nicholas Wall, Esq., Waimate Ronald McDonald, Esq., Thames Matthew Byrne, Esq., Reefton Daniel Cloonan, Esq., Thames Francisco Rossetti, Esq., M.D., D. Callaghan, Esq., New PlyHokitika mouth Hugh Gribben, Esq., Hokitika W. M. Crompton, Esq., New PlyThomas Daly, Esq., Hokitika mouth John O'Hagan, Esq., Kumara James Hart, Esq., New Plymouth With power to add to their number. Solicitobs : Wellington : Messrs. Buckley, Stafford and Fitzherbert. Bankers : The Union Bank of Australia, Limited, Brokees : Messrs. Lidbetter and Cooper, Wellington. Acting Secretary : James Cook, J.P., Wellington. Tbe Objects of the Company are : Ist. To purchase, sell, hold, lease, and dispose of land and hereditaments thereunto belonging in various parts of New Zealand or elsewhere, and to give facilities to the Working Classes of purchase and settlement on easy terms of payment. 2nd. To lend money at interest to Educational or Church Committees. 3rd. To receive money on Deposit at Interest. 4th. To grant Loans on the security of Sheep, Wool, Cattle, Flax, Agricultural Produce, and Personal Property, and on Mortgage of Freehold and other approved securities in sums of not less than £25 on the terms of such loan with, interest, repayable as may be agreed upon. sth. To provide for Catholic Educational purposes, an annual sum from the profits as an endowment, to be invested or otherwise dealt with as the Directors may deem advisable, such sum not to exceed fifty per cent, of profits, and to be apportioned pro rata, according to the number of shares held in each District, or as may be decided by the Directors. 6th. To establish Branches or Agencies, at the discretion of the Directors, at any place to promote the interests of the Association. 7th. To establish, when necessary, a Resident Director in Britain, to be appointed by the < olonial Directory for the time being, to promote the interests of the Association, and to send out Settlers to the Company's lands. The difficulties with which the industrial classes have to contend in the acquisition of landed property in this colony, where large capitalists are allowed by the existing laws to acquire immense territories, and with v.bom it would be of no avail for men of small means to compete, makes it imperative on the people to acquire land by means of a combined effort, while there is any left which can be purchased, and enable every industrious individual, posessed of little capital, to have a chance of making a home for himself and family. Educational and Church Committees will be relieved from the very grave anxiety which in many instances weighs heavily upon them, by knowing that there is a Special Bank which will give them assistance without having to pay the exorbitant interest which is the rule in these matters, and especially Educational Committees will be gradually relieved from all anxiety on pecuniary matters as the yearly endowment increases. The advantages to the Catholic community cannot be over estimated when it is considered that by merely placing their savings in this Company instead of the Post Office or other Savings Banks they will get a higher rate of interest, and be the means of providing a first-class education for their children, while the security — being the land purchased and the uncalled capital — will be undoubted. In many communities in the Australian Colonies Catholics have come forward with their money to relieve Church Committees, and have left their deposits without interest for a certain time. Such