Page 3 Advertisements Column 5

Dunstan Times, Issue 633, 5 June 1874, Page 3

also that a Board of qualified 1 '’rectors | (‘hall be elected from,among the Commit tea to advise with the General Manager, and I generally watch the interests of the whole Institution. 4th. As soon as a sufficient number of shares sha't have boon applied fitf to warrant the commencement of tnsinew, the Head Office will lie opened in Dunedin, in suitable premines already secured under oiler, and thereafter Branches will gradually be opened in the Chief Centres of Settlement throughout the Colony. . sth It will be the chief aim of the Promoters of the Bank to aid and conserve alike the interests of the whole community in this Colony. The Mercantile, Trading, Pastoral, Agricultural, Mining, A-tizarr, and Laboring Classes' will ench have fair treatment and support ,JVun the Colonial Bank. To the Mining Interest special attention will he given, With a desire tonequire for the miners tire Mint value for their Gold, whether in large or small quantities. and until such value can be ascertained a liberal advance will te made upon any Gold deposited for the purpose of i ’oiuage. Cth. It is not intended by the Promoters that this Bank shall purchase Gold, but merely he prepared to make advances upon it until realised, in the s-aie manner that it wifi be ready to do upon wool, grain, or ether produce. 7tli. The amount of New Zealand money in the hands of the three Banks from Australia trading in the Colony on the 51st of of December last, os shown by their sovera returns furnished to the Government, appear thus, without giving odd numbers; Deposits. Circulation Total. Union Bank . of Australia JCITO.OCO £123,425 £000,423 Bank of New South Wales 360,000 104,840 004,840 Bank of Australasia .. 103,000 38,002 231,900 Showing a total of ... £1,880,236 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 as it maybe convenient for the good of Commerce in Victoria or New South Wales, or for the beneficial regulation of their exchange operations in those Colonies. Bth. 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 fgiving— such a large sum of money as stated above to foreign Banks, to bej’h ntj.baclqto the people here at very large rates of interest, and on most arbitrary conditions. they therefore have no hesitation jin suggesting the prudence and wisdom of the Colonists keeping within their .'own [domain the absolute control of their own moneys ; as by so doing they wilßme.st effectually destroy the risk of future monetary disturbances which they have had on"n:oro than one occation to deplore in the past, brought about solely by some crisis that has occurred in one or other ofgthe Australasian Colonies, where the interests of the'foreign Banks most strongly take root. 9th. It has been determined by the Promoters that the first issue of 209,000 shares, shall be conducted by Committees, to bo pointed severally in the chief city of each Province; and no shares will be given or reserved to the Promoters : but each member of the Provisional Committee is willing to become a subscriber for the number of Shares standing oj p isits to his name. | The Provisional Committee have ■ already subscribed among themselves for 23,473 Shares, which they a -e p. spared to take if allotted to them?] 10th. It is proposed at the issue of Shares above referred to that 3s. per share bo pint on application ; that 10s. per aba. e ho paid on allotment; that a Call of its. par share ho made and payable two months after allotment; that a Second Call of 3s. pershare be made and payable four months after allotment ; and that a Thin! Call of 3s. per share be made ami payable six months after allotment—mak-ng together 31)3. paid up per share. No further Call to lie made within twelve months of the Bank livst common*.'ngbusiness in Dunedin; after which future calls will not exceed ss. per s rare, nor be made at shorter intervals than three months between each Call. Hth. The Act of IncorporaUoa for this Bank will bo so framed as to limit the liability of the 8h 'rolioblors to twice the the amount of,their bliares, the tamo as the other Banks. D2th. As a thoroughly Colonial Institution, the Promoters have much pleasure in strongly recommending T -i Ov.niai, Bank of Nr Zsai.axd to the support of all Colc.’iisl i having the real weKuoof New Zealand at heart. Such an Institution is much wanted at the present time, and as the devclopracat of the Colony proceeds its usefulness will aDo inc’-case, and bo more and more appreciated, both as rn investment for the savings of the people rod as a useful Bank, dunging from tho influence and sound experience possessed by the promoting members of Die Committee, it is csrir n uat no similar institution has ever yet been 1 lunched in the Southern ITwnirpat -e under better auspices, Applications for Sha -es w 'll row bo received at the TomTiorary Offices of ice Bank High-street, (lata Club), where o ns of applcation ami full, bub matron can be obtained ;or from Lnv a.,iV Naylor. Esq., Clyde. POEM of APPLICATION’ mn SHARKS. Date. ... . . . 1574. To tips Provisional Committee OF rus COLONIAL BANK of NEW ZEALAND, Gentlest tv, 1 he.eby make application for Shares in tho above Con,wv.y, and .band you herewith the sum of £ , being the a .omit of Five Shillings per <di,-,vo deposit on the same; and I agree to take .ho said shaves or any le»n lilmibel-that way be allotted to me ; and I further ay os to snusciibo to ihs Articles n r Aunci.iiarn when required to do so. 1 any. gMit’emcn, yours truly, Signature Nr no in full Occupation Address No l>a?e received . . . ■