Page 3 Advertisements Column 4

Grey River Argus, Volume XV, Issue 1820, 5 June 1874, Page 3

that ; this Bank 'shall' purchase Gold, but merely be prepared to make advances' njpbn'it until realised^ in^h'e I ' sam'e Vaii^er tna't'it will be' I ' ready 'to do upon: -Wool, 1 : Qnmf.ia\ other- produce. v*-* .iluumi-j b^.u o.tJ | 7th. The amount of New Zealand' Money in the hands of ■ the. three Banks from>A<us« tralia trading: in the Colony, ; on; (the ; 31st December last, . as shown k by their'; .several returns furnished to the Government, appears thus, withouVgiving odd numbers : - ;: : i . . Deposits; Circulatipn < Total. Union Bank of : : :. ■;,■ , : • . Australia . ..£870,000 ,^123,425! ,£993,425 Bank 0f,,, ew ' '."" „ . South Wales 560,000; 104;849. r ,664,849 Bank of Aus- • '■■■',' tralasia ...; 193,000 r 3?,962 ;; ;] 231,962 '■ ' Showing a^totalpf; •£] : ,'890;236 or ! nearly two millions of Money belonging to colonists entrusted' to Boards of 'Directois in Melbourne bi? Sydney tocontrol"6r maniipulate as it may please their tastes' ; or.asit may be convenient fpr the > good of commerce in Victoria, or New South -Wales ;, or for the beneficial' regulation of >their. exchange : opei;«* tionsin thoa^.polpnieß.^ ' , ._, 'ij^ M i; ,\ $th.^ The. Protijotersi .in ..placing ,the. foregoing facts ; before the people of th\s Colony; ! desire to point out the veryi greWt'clisad vantage^ ; that colonists { are ): Bure to lab'br tinder ;by lending— or giving-^such a 'large sum of money' as stated above to foreign Banks, to be lent back to the people ; here at very'hjgh rates of interest, and on most -arbitrary , conditions.'; Ihey, therefore h'ave< no hesitation ., in ; suggesting the prudence and wisdom of the colonistß keeping within their own domain the absolute control of their own moneys '; .as by so doing, , they . wi 1 most effectually destrdj the^risk of , future monetary 'disturbances, which they- have Had on more than', one occasion to deplore In "the pastj brought about; solely by^Bbme'lcrisisthat has occurred in 'other of r th'e Australian Col> <nies, where the real- interests of the foreign Bank, most strongly takofooti 9th. It has been determined by the Promoters that the first tissue of, 200,000 Shares shall be . conducted by ; Committees, ,tp, be appointed severally; in the^chief city in each Province ; and m o Shares will ..be given, or reserved to the Promoters • but each member of the Proviaidnal Conimittee ib w'illih'g to become a subscriber for the number of Shares standing opposite to h'isnam'e. " ' . " 10th" l It is prop6s>'d '^t'tHe issue of'Sharea above referred' to 1 , that ss'-perShareib'e paid on application ; that 10s per sbare be paid 6n allotment ;v that •& Call of !ss^ per ' Share be made and! payable : two imonths . after allotment; that a Second Call of; 5s per Share be made and, payable four , months .after allotment ; and that a Third^.Call.of;ss per Share be made and payable six months. , af ter ,'fJtlot- : ment— inaking t'lgejiher . 3Qs "paid f up per Share. .Nd further "Call to be bri^de within twelve months of the Bank first ! com,mencing business 1 in Dunedin ; after which future Calls' will not exceed 5s per Share, nor be made, at shorter intervale than three months' between each Call. ■•_:; ■..;;■•■.•.• •-.,.) ;■.■;..; uj; ;••..■■;;! ;.••'■. 11th. The Act .of Incorporation: for this Bank will be so, ;f rained as to limit; the liability, of, the Shareholders i to twice the amount', of their. Shares, ,the same, as the, other Banks! ..'.-. „..' „,,.,,"..'' , • ., ;il , : t .; ; ;....,... ; 12th. "As a thoroughly .Cploniai institution, the Promoters have' much pleasure in strongly recomtiiending <l The COLokiAi; 1 B1n& op New Zisli^n>" to'th'e support of alt Cblbmsts haying the 1 real welfarebf NewZe&jan'd/ at heart. ' ' Subti 1 ari ' ' Institution s is ( mucE wanted at the present time; and as the development of the Colony proceeds; "its usefulness will also increase, and be more and more appreciated, both as an, investment for the savings of the people, and aia-. a", useful Hank. Judging from the influence aud sound experience possessed by the promoting 'Mem-v bers of Committee, it is uciuin that no. similar Institution has ever yet been launched 1 iv the Southern 'Hemisphere under better auspices. • ' - • '■■■ '- :: : ■ The Provisional Committee have; already subscribed . among themselves for 25,475 Shares, which they, are prepared to take if allotted to them. , : . ;ri _v r :i : ..i -i •;•■■■;••( For forma of application for Shares, and. other particulars, apply, to .'to. i ' ."!'•'.:'.-„"' ■ 'g. w. : wss ; ka co.; ; ; Sole Agents for Greymouth and the Girey : \ 'V ; ' .VRiyerDMrtrict. 7 "!;; ';: '-„ Stationery and Fancy Goods. f "Dook: and s tat i o n e r y ' WAREHOUSE : :j ■ (Next the Bank of -New South Wales), Mawhera Qctay, Greymouth. C. C. SOMMI BR S, ; Wholesale and Retail ' BOOK SELLER and ST AT tONER, ■*;■''. ■ ■ . . , ■ . : . • ' ■■.'.' ; Importer of ■ ;r ,■■.•.• ■ : ■ i.f PIANOS, HARMONIUJViS,, and,. . , ; .•..':, . ' , . .MUSICAL" INSTRUMENTS "Of every 'description. The largest establishment, and the largest and best assorted Stock of - ' : '-";- ; BOOKS, STATIONERY^ and FANCY ■<. .-.; ■„;:: :.;:, : .v;,GnoDS;,,M,; ! ,/ .' .;".;..; on the 'West Coast of : New Zealand, t .;,. : 'P. C.'SOMMEES'hasJttslb^ceiyedj'per' Zephyr, Alhambija, and other vessels— ' ', Gilt Frame Pier Glasses • Oleographs "and ' Maple ■ - Frame Engravings ! ; ■.■•.;.;■,!.. :.;:,.■.:::•'! Workboxes and; Desks, in mahogany .;."'. and walnut ■■■■---;---- .---;, Berhu Wool, Goods, a beautiful selection Pianos aud Harmoniums Sets of Billiaird Balls ; : ■•■'•"•' Vaßes,an4 J^us.tre.Si T.V Parian! Busts' and Figures Glass Shades and Stands "Jewelry".';. Brushware . ' ; •' ■ j Cabinetware -..■■■ ■'. ■■; Flutes and Violins Musical Boxes and Albums. Per. 8,8. Alhambra,. rr- 1 Stationery, a lartje assortment , New Booka, . „.-,-■ dp/- :„■- ; r :: New Music, : <■ doi .•-.■;■•> if ; ,\ : -..'■> Latest bound * Volumes Peribdicala ' And a splendid assortment of New,. Goods,' suitable for Birthday and Wedding .Presents, o Up-country orders carefully attended to. O. 0, SOMMERS.