Page 3 Advertisements Column 4

Grey River Argus, Volume XV, Issue 1823, 10 June 1874, Page 3

that this Bank shall purchase Gold, bnt merely be prepared to make advances upon it until realised, in the same iranner that.it will be ready to do upon Wool, Grain,' or other produce. 7th. The 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, appears thus, without giving odd numbers : - Deposits Circulation .Total / Union Bank of . ; ■ •. Australia ...£870,000 £123,425 £993,425 Bank of New ' .. v^-.» South Wales 560,000 104,849" 664,849 Bank of Australasia ... 193,000 38,962 231,962 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 operations in those Colonies. . . . . • Bth. The Promoters, in placing the foregoing facts 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 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. prudenc9 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 destroj the risk pf;future; monetary disturbances, which they h&ye had on more than one occasion to deplore in .the past, brought about 4 Solely. 1 by some crisis, that lias occurred in ! one or other of the Australian Col'>nies, where the' real interests: of the foreign Bank most strongly take; root. 9th. It has been determined by the Prpr raoters that the first issue of 200,000, Shares" shall be conducted by Committees, to beappointed 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. lOih It is proposed at the issue of Shares above referred to, that 5s per Share be. paid on application ; that 10s per share be gaid on allotment' ; that a Call of 5s per" Share be made and payable two months after allotment ; that a Second Call of ss,per Share be made and payable four .months after, allotment j 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 ih'strongly recommending " The Colonial Bank of New Zealand" to the support of all. Colonists having the real welfare of New Zealand at heart. Such an Institution is much wanted at the present time,, and as the development of the Colony proceeds, its usefulness will also increase, and be more and more appreciated, botffg&an investment for the savings of the people^ and as a useful Hank.' Judging from the influrnc * and sound experience possessed by the promoting Members of Committee, it is r>nrtain that no similar Institution has ever yet been launched 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. .-■:'S-^' For forms of application for Shares and other particulars, apply to to G. W. MOSS and CO., Sole Agents for Greymouth and the Grey River District. Stationery and Fancy Goods. "DO OK AND STATIONERY WAREHOUSJE (Next the Bank of New South Wales),, Mawhera Qcay, Grevmotjth. ' : ' C. C. S O M M E R S, Wholesale and Retail - BOOKSELLER and STATIONER, Importer of PIANOS, HARMONIUMS, and I MUSICAL INSTRUMENTS' Of every description. v The largest, establishment,' and the largest and best assorted Stock of -* BOOKS, STATIONERY: and FANCY GOODS on the West Coast of New Zealand. C. C. SOMMERS has just received per Zephyr, Alhambra, and other vesselsGilt Frame Pier Glasses . ■';'•" Oleographs and Maple Frame Engravings Workboxes and Desks, in mahogany and walnut ' ' ' Berlin Wool Goods, a beautiful selection Pianos and Harmoniums Sets of Billiard Balls Pocket Cutlery Vases and Lustres ; ; ; i : ' Parian Busts and Figures Glass Shades and Stands ; ; . • Jewelry Brushware ' Cabinetware , ;; . ;.. : ■ •: :. Flutes and Violins . . . Musical Boxes and Albums." ' Per s.s. Alhambra .— Stationery, a large assortment ■ ... , New Books, do New Music, do Latest bound Volumes Peribdicalti ; ; ; ' '' And a splendid- assortment of New Goods, Buitaiile for Birthday and Wedding Presents. Up-country orders carefully attended to. C. C, SOMMERS.