Page 3 Advertisements Column 5

Grey River Argus, Volume XV, Issue 1827, 13 June 1874, Page 3

hat this Bank shall purchase <^old, but merely be prepared to make advances upon it until realised, in the same manner that it will he ready to do upon Wool, Grainj 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 , i•■ .- VJ ; , Australia ...£870,000 £123,426 ., £983,425 Bank of eW '"'..""■ South Wales 560,000 '-i04;849 ; 664,849 Bank of Australasia iit 193,000 38,962 231,962 , ■ Shp^inga. total of £1,890,236 or nearly two millions of Money, belonging to colonists entrusted to Boards of Directors in Melboiirne or s ydney; to 'control or manipulate as it may please thtjir tastes i; or as it may be convenient for the good of commerce in Victoria of 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; Qplony, desire, to point out. the , very great aisadyantagesjithafr colonists. . axe'\iu.rejbfijiahor.urider by lending— or rather giving — such a large .sum^of mqaeyja? jßta^ed above to foreign Banks, to be lent hack to the peopl • here at very high rates of interest, and on most arbitrary conditions. I 'lhijy therefore hive no hesitation, in sucgestiogi the tprudancttiarid wisdom of thq^olqnjstsj^e^fing! within their own domain the absolute control of their own moneys ~;., as by so doing,^they, most effectually destroy' the' ''risk' of future 'monetary disturbances,' whibhctheyMhavje, hadaon . more %an>Ane,;qccasipn..t.o t! 4pp)ipi^i;-.in' ; 'ithe past, brought. • about ;B.i>l^ly , by^ spine that ha*' 'occurred r irk one pr other of Hhie Australian Col- nies, where the 'real-interests of the foreign: Bank most -, strbngljt'take.rbot. , 9th. It has been, dej^qr mined, l^yt the (Prof motera : that t^ firs>,ispye of jS^O^JO' Shares 'shall be conducted by 1 Ob'mpit^ee J s,' i io : ;b r e appointed severally in the chief city- ih J each Province;: and no ;Shares will' be^giveh or reserved to .the Promoters j[, but eachmem|t>er of the Provisional Cbntmitliee.,iß willing to. become a'su'bscriber for the number of Shares standin«; opposite to his name. ,10ih_ ; It is propoaecLat the isanaof Shares above referred to, thft^ §Bjpjer Share; be u paid on application ;., that 10s .per flhare be ipaid 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 andjiayable six months after allotment— mailing together 30s paid up per Share.. No further. Call to be made within twelve- months' of the^-B-ank first commencing business in Dunedin ; af tor which future Calls ■wiirnot.exceedSs per Share, nor be made at shorter intervals than three months between each Call.li L __-\ , :^ v,j^ |;-_ ' ij ' :", "Tlth. The Act of Incorporation for this Bank will be so framed as to limit the liability ; ; ofthG Shareholders to twice the amount of their Shares, the ...same as the other Banks j ( ' V>-. : . 12th. As a thoroughly Colonial institution, the Promoterahave much pleasure in strongly recouimendihg "Thb, Colonial Bank of New Zealand" to the support o f allXColonists 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, both as an investment for the savings of the people, and as a useful 1 ank Judging from the influence and sound experience possessed by the,pr-m?tin)i,M embers of Committee,, ife is certain thaV/no similar Institution has ever yet been launched iv the Southern Hemisphere under auspices. . . .• .-.- v,r.-.. : . ..»•.•■•;•;,■' '■■'/ The Prov^sionar 6 Gommittee.\haveyalready subscribed among:' themselvea 'foir 25,475 Shares, which they- are prepared' to take if allotted to thena, r , ; , -;: i ,^>" For forms of application for Shares ,and other particulars, apply id' to ; G. W. MOSbandCO., Sole Agents for Greymouth and the Grey River District. Stationery and Fancy Goods. "DOOK AND STATIONERY" WAREHOUSE (Next the Bank of New South Wales), Mawhera Quay, Giuctmouth. C. C. SOMME R ,S, Wholesale and Retail ,■ _.... , 0 BOOKSELLER and : STATIONER, The largest establishment, and the largest and best Stock of ' ; BOOKS, STATIONERY; and FANCY ; ■ goods ; on the West Coast of New Zealand. C. C. SOMMERS is receiving regular supi plies of . -,\j i : 1 NEW BOOKS and NEW MUSIC ;by every mail from Europe, And by every j Melbourne steamer 'direct. ' , | aC. SOMAIERS has bn^ald nia^nificent h PI \NOS, and HARMONIUMS, ■ In Walnut and Rosewood. ': ' ; Violins, Flutes, and - Anglo-German Con- ;! ; certinas, in great Variety. 1 : : A splendid assortment' of New Gdods,' suitable for Birthday and Wedding Presents. IMPORTANT, NpTIQEJ, ,:, C. C. SOMMERS is appointed Agent for the AUSTRALASIAN and the SEETOHER for Greymouth and District- " ■ ' °~ - > : The propietors 1 of the' Australasian desire to announce 1 through theiHA^ent^ Mr C. C. Spmmers, that . , it is their : intention shortly to PRESENT GRATIS to Subscribers," : . A LARGE ENGRAVED SUPPLEMENT, Giving the Portraits of the Members of the new Legislative Assembly.' ""' '. The best ability obtainable has been engaged upon the artistic and engraving wotTj,' and no effort has been spared to. make the ! Portraits a faithful and accurate Picture. : Gallery of the new Parliament. C. C. SOMME :S receives^ "his "Journals and Monthly Magazines by Suez Mail direct, and guarantees prompt delivery tb° Subscribers. — ••• i-- - j7 ■■-•'■■ -^•■•S-^^"^ Government Depositary foi Stamp Duties. O. O. SOMMERS^ '""'■'