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The Cyclopedia of New Zealand [Otago & Southland Provincial Districts]

National Mortgage And Agency Company of New Zealand, Ltd

National Mortgage And Agency Company of New Zealand, Ltd. Directors:—Messrs. H. R. Grenfell (chairman), W. S. Davidson, J. Morrison, and L. E. Smith, Right Hon. Lord Ebury and the Hon. A. J. Brand, and James Macandrew; general manager in the Colonies, Mr. J. M. Ritchie, Dunedin; Manager in Melbourne, Mr. H. B. Black, 483 Collins Street; Manager and secretary in London, Mr. W. Brodie; Manager at Dunedin, Mr. W. Henderson. Chief office for the Colonies, 11 Bond Street, Dunedin. Branches at Christchurch. Invercargill, Oamaru, Timaru, Gore, Mataura, and Melbourne. Head office, 8 Great Winchester Street, London, E.C. This company, which has a subscribed capital of £1,000,000 of which £200,000 has been called up and paid, is an English company, promoted in London in 1876. Mr. Edward Pearce of Wellington was its first representative in New Zealand. In 1877 the company acquired the business of Messrs. Russell, Ritchie and Co., which had been established by Messrs. George Gray Russell and John MacFarlane Ritchie some years previously as general merchants in Dunedin and Timaru. The National Mortgage and Agency Company transacts business generally throughout the Colonies, including the lending of money on the mortgage of freehold and other securities. Consignments of produce, such as grain, wool, tallow, frozen meat, sheep and rabbit skins, hemp, butter, and cheese, are accepted by the company at any of its branches, and liberal advances are made to consigners pending realisation. The company conducts business as auctioneers, and acts as stock or station agents, shipping and general commission agents; and regular and periodical auction sales are held—under the company's auspices—by its auctioneers, as may be required. As shipping agents the company represents the Shaw Savill and Albion Company, Ltd., in New Zealand, and the Union Steamship Company at Timaru where it is also Lloyds' agent; and in the matter of commercial agencies it acts for the “Coral Queen” guano. Cross and Sons' Fertilizers; Robey and Company's machinery; and Tomlinson and Heyward's Sheep Dip. A monthly report of the produce markets is issued by the company in London for transmission to the Colonies by each four weekly mail, and this has now been continued for many years.