Page 3 Advertisements Column 5

Dunstan Times, Issue 631, 22 May 1874, Page 3

| that a Board of qur lU lfd Direo'o. I sb Ibe elected from among the- Committee toad' m v th the General Manager, and geuer y watch the rests of the whole I’.. -titution. 4th. As soon a snffi, lent number of shares sha Iha ve been app ,; ed for to warrant +he coin nvnremeut of boaine s, the Head Oilluo w’T be o;k ned a Dunedin, in suitable preir’ cs r’r. ady see- ed under and thereafter Branches v • ’ua'ly be opened : n the <ihiut Centres of Settlemeat through -ut the Colony. sth It vvi’’ he the chief aim of the Promoters of the Bank to aid and conserve a>':e the interests qf the whole cmmuuri.y in this Col.'iiy. The Mercantile, Trading, Pastoral, Agricultural, Mining. A tizan, and Laboring Classes vv' I each have hj treatment and sir port firm 'the Colonial Bank. To the Mining Interest special attention v ’ be given, with a des’-e toutqn' e To; he t nrr-<i the A’i *t va'ne for die"- Gobi vvhe,her '•> large or small quantile} rid until such value a < he areeit.ainca a )'<»e al a. eu v. Ihe made agon any Gold de,.'. abaci f.,r the purpo.e , of Coi oa . 6th. j - not inf coded by " c Prcmotn i .that tl is t \ sh- 'I [lurch- -e Gold, but meiely bo prepared m make advances upon : t nntil vc.vbvod, •' i the same manner that it vv'* he re. dy iu do upon wool, gram, or ot 'c p oduee. /.'■ T' ; o; a.,io. -'to* New Z and money is 1.1 e b nils ■ ' the .1 co Banks from AusU.d' ■ 1 .ill i,' the Colony on the 31st of of Doec.nV, last tis shown by their sc-iOM ie,r. revr ''■ bed to the .Gove;ament, ip-pe'--Buie v nit giving odd numbers: DepoC . C eolation Total. I : a Bank o- Aust.e 'a £170,C00 £123,425 £999,425 Bi ■!: of New South Vv ales. 500,001) 10-1,849 004,849 Da de of Austrahis'a .. 103,000 38,902 231,909 SDsiD ig a total of ... £1,899,236 Or nearly t ,vo r- ' ,| /lons of money belonging to Colc.n.rsl.s entrusted to Boards of Dbeetors :n Melbon, ..e or Sydney to control or m.'iiipa'ftle as it may please their tastes, or as it in."' be convenient for the ’got lof Commerce • Victoria or Ne-vv South Wales; or for the beneficial regulation of their exchange operafn"-- i i these Colcr’cs. Sdi. T-e Promoters, * i placing the foregoing facts before the people of this Colony, desire to point cut the veiy great disadvantages that Colonists are sure to labor under by lending-—or mthcr giving—sucli a large sum of money as stated above to foreign Banks, lo be lent back to the peo[fie here at Very large rates of interest, and on most ai o'trary conditions. They therefore have no hesitation in suggesting tlie prudence and wisdom of the Colonists keeping within their o\vli domain the absolute control of their own moneys ; as by ■so doing they will most effectually destroy the risk of fulii.e monetary disturbances which they have had on more than one oocatinn to deplore ; i the past, brought about sole’y by some crisis that has occaned iu one or other of, the Australasian Colonies, vv;)ele tee interests of- the foreign Banks most strongly take root. 9th. It ha . been determined by the Promoleis that tile urst issue of 200,0Ut) shares shad be conducted by Committees, to bo pointed severally in tiro ciiicf city of each Province ; aim no shams will bo given or reserved eo the Promoters : but each member o i the Provisional Committee is willin' r to become a subscriber lor the number o'?’ Snares standing opposite to his name. [The Provisional Committee have already subscribed among themselves for 25,475 Mmres, which they are prepared to take if allotted to them?] 10th. It is proposed at the issue of Shares above referred to that ss. per share be paid on application ; that ids. per share bo paid on allotment; that a Call of os, per share be made and payable two months after allotment; that a Second Call of ss. per share be made and payable four months after allotment ; anu that a Third Call of os. per share bo made and payable six months after allotment—making together 30s. paid up per share. No further Call to ho made within twelve months of the Bank first commencing business in Dunedin; after which future calls will not exceed ss. per s aare, nor bo made at shorter intervals than three months between each Call. 11th. The Act of Incorporaf inn for this Bank will be eo framed as to limit tlies liability of the Bharelmbtcia to twice tho ».ic amount of their .Shares, the same as the other Banka. 12th. As a tl’.or m<;My Colonial Institution, the Promoters have mii -h pleasure iu •strongly recommending Thu Colonial Bin v of New Z i.Vi.vvd to rue support of ad loli.ii s s having the real welfare of New . Zealand at hear'. Hue’ll an B.stiai ion is much wanted at tire present time, and as the • cvvlopmcilt of the Colony proceeds ds lisefuhn ss w. 1 also iiierea..o, anil be mure ami More appreciated, both as an invts oent f.-r tile s.e ags of the people, and as a nsereil Bank. Judging from the mIkienej am. snm I experience posse- sed by 1 ; p .-a o.mg members of lire Committee, it ii ccrta.n that no similar insci.ntioii has c ver - ct beoii launched in the .boutheru lie.;.■sphere under better auspices, A jop ’cations for Shares wnow be rro ivodat th jT-.aiiporarv O.fiens of the Bank liigri-r.rio.et, (.ate Club), where forms of applcatioii rml fn” information can bo <ditriined ; or from ijir.vj.' VIS Naylou, Esn,, ' Clyde. FORM op APPLICATION for SHARES. ’ _ Dale J874. To the Br.ovtsi .NAL Commutes OF THE COT,ON 1A I, BAN KorN EW ZEALAND. ] GnS VLMI-'s, I here.iy make arqilioatiou for S' ares in the above ("oiii|>',my, and hand : y.m herewith the sun of £ , being k the a .mint of Five relr'inigs per shave de- ' po it on thesaino; and I a o .ee lo take tho ' said shares or any less number that ; may be allotted to me ; nr, 1 , 1 further agree . 1., su a scribe to ’he Articles ot Association . when required to do so. f I am, gentlemen, yours truly, Si-naDire a Na iie in i’lilß. t Oetii pillion I Address , n No. ,( Dale leeeived ....