Page 3 Advertisements Column 5

Dunstan Times, Issue 632, 29 May 1874, Page 3

that a Hoard of qualified Directors bhall lie electrd Bum among the Committee to ad vise with the General Manager, and generally natch the interests of the whole Institution. 4th. As soon as a sufficient number of shares sha 1 hat e been ajrp i. ii toi'to warrant the m-inmeneenirnt of tnirir.m», the Head Office will he opened in Dunedin, in suitable I ire mi es already secured under oiler, and thereafter Branches wi!' rradna’ly he opened in the (,'hiof (V nlreg of Settlement throughout the Colony. sth It will he the chief aim of tie Promoters of the Bank to aid and concert e alike the interests ..f th 'whole community m this Colony. The Mercantile, Trading, Pastoral, Agricultural. Mining. Artisan, and Laborin'; Classes will each have fair 'Tea,merit and sir port fiom the Colonial Bank. To the Minin'.' In ■ rest special attention villle given, will a desire to acquire for the miners the Mint value for their Hold, whether m large or small quantities, and until such value can he ascertained a liberal advance will He made upon any (.old deposited fur the purpose of Coinage sth, It is not intended By the Promoters (hat this 1 auk shall pv.uhase Gold, hut merely ho prepared to make advances upon it until realised, in the same manner that it wi"! be ready to do upon wool, grain, or other p.toduce. 7th. 7 he amount of New Zealand money in the bands of the three Banks from Australia trading in the Colony on the ."Ist of of December last, as shown by their severa returns furnished to the Government, appear thus, without giving odd numbers:--Deposits. Circulation Total. Union Bank o f Australia £ 170, (’OO £123,125 £999,425 Bank of New South Wales 560,000 104,849 004,849 Bank of Australasia .. 193,000 38,982 231,989 Showing a total of £1,890,236 Or nearly two millions of money belonging to' Colonists entrusted to Boards of Directors in Melbourne or Sydney to control or manipulate as it may please their tastes, or os it may bo convenient for the good of < 'cmmcrcc in Victoria or New South Wales, or for the beneficial regulation of their exchange Operations in those Colonics. Sth. The Promoters, in placing the foregoing facta before the people of this Colony, desire to point out the very great disadvantages that Colonists are sure to labor under by lending—or rather (giving—such a large sum of money, as stated above to foreign Banks, to he, lint; backto the people here at very largo rates of interest, and on most arbitrary'conditions. They therefore have no hesitation in suggesting the prudence and wisdom cf the Colonists keeping within their [own ‘domain the absolute control of their own moneys ; as by so doing they will most effectually destroy the risk of future monetary' disturbances which they have had on more than one occatinn to deplore in the past, brought abu; solely by some crisis that iris iecurred in one or other of It ho Australasian Colonics, where the interests of tho;forci; u Banks most strongly'take root. 9th. It has been determin'd by the Promotors that the first issue of 2110,i)(;0 shares shall he conducted by Committees, to be 1 oiuted severally in the chief city of each Province ; and no shans will be given or )cseired to inc Promoters : but eaeu member of the Provisional Comnjitte) is willing to become a subscriber for the number of Shares standing o;p isite to his name. [The Provisional , (.oiunutiee have already subscribed among ihomsclves for 25,475 •"haves, which they arc prepared to take if allotted to them?] 10th. It is proposed at tin i, sue of Shares above referred to that ss. per share he pal 1 on application ; that 10s. per share be paid on allotment ; that a Call of os. per share lo made and payable two months after allotment; that a .Second Call of ss. per share be made and payable four months I. tier allotment ; and that a Third Call of ss. per share be made and payable six mouths after allotment-making together 3 is. paid up per share. No further Call to be made within twelve months of the i ink first comumneiug business in Dunedin; after which future calls will net exceed ss, per s ,are, nor be undo at shorter intervals than throe mouths between , Call. 11th. i be Act i f incorporation (or this Bank will bo so framed as to limit th > liability of the Sharon.,l.leus to twice, the tie amount of their iShaicx, the tame as the other Banks. 12th. As a thoroughly Colonial Instifcut:on, the Promoters have mnHi pleasure in n rough' rci'iimimaiding T:r: ' C;-:. y:iAi, L.\nk of Nr.w Zi:ai.v\-i> to the srromrt -f all Colon’s s having die jva! wCt.-moof New i >a!>md at heart, Buell an l.istiiuuo: is much want ’d at the present time,, and as ti:e dev< lopmout of {!;•■ Co any more: hi its :i; 1 IV. I noss will inm'iiise,' ami bo more and more ; n L -.i, Ijoth as an investment for the 3..vines of the p;op!c, am! as a useful B.nk. -Judging Imu the in-tiaone-5 oud sound experience possessed by the pr -mutin'' memo is if tie ( Vinmittee it is certain that no similar institut 'U Uis ever ye' beau i;nuchsd in tin ■' l 'l'hv.'o : i -pnoio junior bo-ln* an-pi";,:, -Applications for dh.res r.i’d now be raiv. latf Ii • nil- )r iry ( h,ic- sot > be. Ban;; litji-Hw'.’t, {into Chib), whore forms of apples!ina and full iui imd ion can 1 e nbr .ii".i ; or from >;7N Naylor, Idv., Ciyde. FARM .if APPLICATION kor SHARKS. DPc 1374. To ran rnoTtsf.x.'.L Commirthe CO LON 1A L BAN KorN KW ZEALAND. Gl.vtlemen, 1 hereby make application for Shares.in the ab. vc ( i.ui any, and band you herewith t,I;o yr.;u of •' * , living ilm a ouutof Five oiiiliings per than deposit on the sane; and 1 agree lo tik" the st.id Siam or any b..- 'muioei tir.t may be alio*ted to mi ; and f hi ler a-.-vo Hr. si'.pmbr totb‘ Aitfcirp oi Association 1, jell re piired to 0(1 So. I am, gentlemen, yours trnlv, I-i; n.iiuru B.i no in full Cetup-tii.n