Page 1 Advertisements Column 4

Globe, Volume I, Issue 22, 25 June 1874, Page 1

General Manager, and generally watch the interests of the whole Institution. 4th. As soon as a sullicicnt 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 bo opened in the Chief Centres of Settlement throughout the Colony, sth. It will be the chief aim of the Promoters of this Bank to aid and conserve alike the interests of the whole community in this Colony, The Mercantile, Trading, Pastoral, Agricultural, Mining, Artisan, and Laboring classes will each have fair treatment and support from the Colonial Bank. To the Mining Interest special attention will bo given, with a desire to acquire for the Miners thc§Mint value of their Gold, whether in large or small quantities, and until such value can be ascertained a liberal advance will bo made upon any Gold deposited for the purpose of coinage. Gth. 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. The amount of Now Zealand Money in the hands of the three Banks from Australia trading in the colony on the 81st December last, as shown by their several returns furnished to the Government, appear thus, without giving odd numbers: — 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 as it may be convenient for the good of commerce in Victoria or New South Wales ; or for the beneficial regulation of their exchange opera tions in those Colonies. Bth. The Promoters, in pacing the foregoing facts before the people of this Colony, desire to point out the very great disadvantages that colonists are sure to labour under by lending—or rather giving—such a large sum of money as stated above to foreign Banks, to be lent back to the people here at very high rates of interest, and on most arbitrary conditions. They therefore have no hesitation in suggesting the prudence and wisdom of the colonists keeping within the 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, brought about solely by some crisis that has occurred in one or other of the Australian Colonies, where the real interests of the foreign Bank most strongly take root. 9th. It has been determined by the Promoters 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 for the number of Shares standing opposite to his name.* 10th. It is proposed at the issue of Shares above referred to, that 5s per Share be paid on Application ; that 10s per Share be paid on Allotment ; that a Call of 5s per Share be made and payable two months after allotment ; that a second Call of 5s per Share be made and payable four months after Allotment : and that a Third call of 5s per Share be made and payable six months after Allotment—making together 30s paid up per Share. No further Call to be made within twelve months of the Bank first commencing business in Dunedin; after which future Calls will not exceed 5s per Share, nor be made at shorter intervals than three months between each Call. 11th. The Act of Incorporation for this Bank will be so framed as to limit the liability of the Shareholders to twice the amount of their Shares, the same as the other Banks. 12th, As a thoroughly Colonial Institution, the Promoters have much pleasure in strongly recommending “ The Colonial Bank of New Zealand” to the support of all Colonist’s having the real welfare of New

IMPORTER, WHOLESALE, RETAIL, AND FAMILY GROCER, (ITALIAN WAREHOUSEMAN High street and Hereford street. Large Arrivals of NEW STOCK. Price Lists have been adjusted. Orders delivered in all parts of Christchurch —Free. Please call for samples of Tea. I~t. W. WALTERS, IN returning thanks to his numerous customers and the public generally for the very liberal support received during the last fourteen years he has been in business, begs to inform them that he has JUST RECEIVED A LARGE STOCK of the following GOODS ; FURNITURE, CARPETS, PELTS, HEARTH RUGS. COIR AND CHINA MATTING, BLANKETS, SHEETING, COUNTERPANES, TABLE LINEN, NAPKINS, AND EVERY REQUISITE FOR HOUSE-FURNISHING E. W. WALTERS, UPHOLSTERER AND CABINET-MAKER, W H ATELY ROAD. WORKSHOPS KILMORE STREET. £M3 WANTED, A GOOD CABINET-MAKER. £.116