Page 1 Advertisements Column 3

Evening Star, Issue 3501, 13 May 1874, Page 1

PUBLIC NOTICES. rapid progress of the Colony may demand and shareholders may decide; but in no instance will any of the remaining shares he olfered for sale out of the Colony without having been first offered to the Colonial holders, nor will any but a New Zealand Register be kept, ~ 3l 'B I* is intended that the Head Office of the Bank shall be in Dunedin, and that a General Manager of high professional standing shall be appointed to guide the operations of the ±sank ; and also that a Board of qualified Directors shall be elected from among the Committee to advise with the General Manager, and generally watch the interests of the whole Institution. 4tb. As soon as a sufficient number of Shares shall have been applied for to warrant the commencement of business, the Head Office will be opened in Dunedin, in suitable Premises already secured under offer, 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 ot tins Bank to aid and conserve alike the interhave fair treatment and support from the Colonial Bank. To the Mining Interest special attention will be given, with a desire to acquire tor the Miners the Mint value of their Gold whether in large or small quantities, and until such value can be ascertained a liberal advance will be made upon any Gold deposited for the purpose of coinage, 6tln It is not intended by the Promoters that this Bank shall purchase Gold, but merely be prepared to make advances upon it until realised, in the same manner that it will be ready to do upon Wool, Grain, or other produce. 7th. Hie amount of New Zealand Money in the hands of the three Banks from Australia trading in the Colony on the 31st December last, as shown by their several returns furnished to the Government, appear thus, without giving odd numbers : TT . „ , . Deposits. Circulation. Total, Union Bank of Australia ... £870,000 £123,425 £993,421 Bank of New South Wales... 560,000 104,849 664,841 Bank of Australia 193,000 38,962 231,961 Showing a total of ... £1,890,23( or nearly two millions of money belonging t< entrusted to Boards of Directors ii Melbourne or Sydney to control or manipulati as it may please their tastes; or as it may b< convenient for the good of commerce in Vic torn or New South Wales; or for the beneficia regulation of their exchange operations in thos< Colonies. Bth. The Promoters, in placing the foregoing facts before the people of this Colony, desire t( point out the very great disadvantages thal colonists are sure to labor under by lending—oi rather giving—such a large sum of money as stated above to foreign Banks, to be lent bad to the people here at very high rates of interest and on most arbitrary conditions. They them fore have no hesitation in suggesting the pru dence and wisdom of 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 occasion to deplore in the past, broughl about solely by some crisis that has occurred ir one or other of the Australian Colonies, where the real interests of the foreign Bank mosi strongly take root. 9th- I< L has keen determined by the Promoter! that the first issue of 200,000 Shares shall be conducted by Committees, to be appointed severally in the chief City in 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 foi the number of Shares standing opposite to his 10th. It is proposed, at the issue of Shares above referred to, that 5s per Share be paid on application; that 10s per Shave be paid or allotment ; that a call of 5s per Share be mads and payable two months after • allotment that a second call of 5s per share be mads and payable four months after allotment; and that a third call of 5s per Share be mads anc , .P a y able 81x months after allotment —z making together 30s paid up per Share. Nc further call to be made within twelve months or the Bank first commencing business ir Dunedin; after which future calls will noi exceed 5s per Share, nor be made at shortei mtT an ree mor dhs between each call, •ii , e Incorporation for this Bant wiU be so framed as to limit the liability of tbs Shareholders to twice the amount of theii Shares, the same as the other Banks. ' '^‘ B . a thoroughly Colonial Institution, ine Promoters have much pleasure in strough recommending The Colonial Bank of Neu Zealand to the support of all Colonists having the real welfare of New Zealand at heart. Sue! an institution is much wanted at the presenl time, and as the development of the Colour proceeds, its usefulness will also increase, anc be more and more appreciated, both as an in vestment for thesavlngs of the people, and a! a useful Bank. Judging from the influence anc sound experience possessed by the promoting Members of Committee, it is certain that nc similar Institution has ever yet been launchec in the Southern Hemisphere under bettei auspices. Applications for Shares will now he receiver at the temporary Offices of the Bank, Higl street (late Club), where forms of applicatioi and full information can be obtained FORM OF APPLICATION FOR SHARES. Date 1874. TO THE PROVISIONAL COMMITTEE OF THE COLONIAL BANK OF NEW ZEALAND. Gentlemen,—l hereby make application for i -i Shares in the above Company; and hand you herewith the sum of £ being the amount of Five Shillings per Share deposit on the same ; and I agree to take the Said t. i. Shares, or any less number that may be allotted to me, and. I further agree to subscribe to the Articles of Association when required to do so. I am, Gentlemen, Yours truly, Signature Name in full Occupation Address No, Date received. ■ The Provisional Committee have already subscribed among themselves for 25,475 Shares, which they are prepared to take if allotted to them. NOTICES OP REMOVAL. Notice of removal.-j. moyBAN, Tailor and. Clothier, late of Frederick street, begs to inform his Friends and the Public that he has removed to more Central Premises, situated in George street (lately occupied by Messrs Harrop and ISeil jewellers), where, by strict attention to business and first-class workmanship, he hopes to merit their patronage, *