Page 4 Advertisements Column 2

Mount Ida Chronicle, Volume V, Issue 273, 29 May 1874, Page 4

I gutertisrmiitt. tained a liberal advance will be made upon any Gold deposited lor the purpose of Coinage. 6th. It is npt intended by the promoters that this Bank shall purchase Gold, but merely beprepared 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 amounts 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 by their several returns furnished to the Government, appear thus without giving odd numbers:— .Deposits. Circulation. Total. Union Bank of Australia, £870,000 £123,425 £993,425 .Bank of New South Wales ' 560,000 104,849 664,849 Bank of Australia ... 193,C00 38,962 231,962 Showing a total of £1,890,236 or nearly two millions of money belonging to Colonists entrust d to Boards of Dirostors in Melbourne or Sydney to control or manipulate as it mny please their tastes, or as it mny be convenient for the. go.id of Commerce in Victoria or New South Wales, or for the beneficial regulation of their exchance operations in those colonies. Bth. 'ihe Promoters, in placing the forego-, ing 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 ns 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 their own domain the absolute control of their own meneys ; as by so doing they will most effectually" destroy the risk of future monetary disturbances which they have had on more (.ban one oscasion to deplore the past, brought about solely by some crisis that has occurred in one or other of the Australian Colonies, where the real interests o' the foreign Bank most strongly take root r 9th. It has been determined by the Promoters {bat the first issue of 200,000 Shaves 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. [The Provisional Committee have already subscribed among themselves for 25,475 Shares, which they are prepared to take if allotted to them.] '• 10th. It is proposed at the issue of Shares above referred to that ss. per Share be paid on application j that 10s. per share be paid on allotment; that a Call of ss. 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 ; and that a ■ Third Call of ,ss. per 3hare be made and payable six months after allotment—making together 30s. paid up per Share. No further Call to be made within" 12 months of the Bank first commencing business in Dunedin ; after which future Calls „ will nat exceed ss. per Share, nor be made at . shorter intervals than three months between each Call.' llth. The Act jf Incorporation for this • j Bank will be so framed as to limit the liability 1 of. the Shareholders to twice the amount-'of i their Shared, the same as the other Banks. i 12th. As a thoroughly Colonial Institution, the Promoters have much pleasure in strongly recommending The Colonial Bank of New I Zealand to the support of all Colonists having the real welfare of New Zealand at heart. | Such an institution is much wanted at the 1 present time, and <*s 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 Bank. Judging from the influence and sound experience possessed by the promoting members of Committee, it is certain that no similar institution has ever yet been launched in the Southern Hemisphere under better auspices. Applications for shares will now be received a*; the Temporary Offices of the Bank, Highstreet (late Club), where forms of application onrt full information can be obtained ; or from MESSRS, J. AND R. BREMNER, Naseby. ! FORM op APPLICATION* for SHARES. ~ Date 1 .. 1874. ■'•' To THE PROVISIONAL COMMITTEE OF THE COLONIAL BANK OP NEW ZEALAND. . 'Gentlemen, I hereby make application for Shares in the above Company, and hand you herewith the sum <-f £ , , being the amount of Five Shillings per share deposit on the same ; and I agree to take the said Shares or any less number that may be allot-, ted 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 .'. OTAGO WASTE LANDS ACT, . 1872. Section 65, Sub-Section 1. Tenth Schedule. DISTRICT OF MOUNT IDA. 22nd May, 1874. ■To the District Land Officer at Naseby : . ... I HEREBY GIVE NOTICE that lintenl to construct a Water "Race for irrigation and I water power for thrashing, &c, commencing at a point in the Swineburn Creek about one mile and a quavter above Swineburn Farm and terminating at Swinburn Farm. The length of such race is about one and ahalf mile or thereabouts, and its intended course is southerly. The mean depth and breadth of such water race is 18 x 36 inches, and it is capable of carrying five sluice heads of water. •Signature and Address (in full) of ap'p'icaut— JOSEPH PRESTON, Longlands Station, Kyeburn. ■ •-Any person objecting to the issue of a License.to thei abovc-nainedvapplicant must lodge his objection in writing at my office within fourteen clear < days'-.;from the date hereof, And the day fixedvfor hearing!and deciding the application, if unopposed, and notifying, objections, if any, is- 15th June, 1874, at 11 arfn., at Naseby. .V H. A. n STRATFORD, riHEAmiOMG^:^;? cmoxtom owimr