Page 4 Advertisements Column 2

Mount Ida Chronicle, Volume V, Issue 275, 12 June 1874, Page 4

tained a liberal advance will be made upon any Gold deposited for the purpose of Coinage; 6th. 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 mariner that it will be ready to do upon -wool, grain or other produce. i 7th. The amounts of New Zealand Money in the hands of the three Banks from Australia trading in the Colony, on the' 3,lst 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 Australasia ... 193,C00 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. 'lhe 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 bo lent buck to the people here at very high rates of interest, and on most arbitrary conditions. Tbey therefore have no hesitation in suggesting the prudence and wisdom of the colonists keeping within their own domain the absolute control of their own raeneys; 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 o ( 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 j but each member of tlie Provisional Committee is willing to become ® 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 ; that 10s. per share be paid on allotment; that a Call of ss. per share be mode and payable two months after 'allot; n^ent; that a Second Call of ss. per Share be made and payable four months after allotment ; and that a Third Call of.os. per Share 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. 11th. The Act ->f Incorporation for this Bank will be,so framed ns.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 Colonists having the real welfare of New Zealand at heart. Such an institution is much wanted at the! present time, and ?s the development of the Colony proceeds its usefulness will also increase, ami be more and more appreciated, both as an investment for the savings of thei peojjle, 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 at the Temporary Offices of the Bank, Highstreet (late Club), where forms of application and full information can be obtained ; or from • MESSRS, J. AND R. BREMNER, Naseby. FORM-of APPLICATION FOB SHARES. Date,....................1874. To the Pbovisional Committee of THE COLONIAL BANK OF NEW ZEALAND. • Gentlemen, I hereby make application for Shares in the above Company, and hand you herewith the sum rf £ , 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 allotted tome, 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 Naseby, June Ist, 1874. To H. A Stratford, Esq, District Land Officer, Naseby. . I HEREBY GIVE NOTICE, that I am applying, on behalf of the Presbyterian Church Committee, to purchase all that area described in the schedule. JOHN S. M'INTOSH, Secretaiy Church Committee. Schedule : Bounded on the north by Stewart's head race, 105 feet in length ; on the Bouth by Moore's residence area, 120 feet; on the east by Webber and Co.'s claim, 165 feet ; on the west by road past Church, 135 feet. Objections (if any) to this application must bo lodged at my office at Naseby on or before the 20th of June. H.A.STRATFORD, District Land Officer. Naseby, 12th June, 1874, To Hi A. Stratford, Esq., District Land Officer, Naseby. I HEREBY GIVE NOTICE, that I have made application to the Waste Lands Board to Purchase about a quarter of an acre of land, upon which the Welcome Inn now stands, near Home Gully, and within a q,.arter of a mile from tho eastern boundary of the Municipality of Naseby, on the mnin road from Dunedin to Naseby. JOHN ECCLES. Objections (if any) to this application must be lodged at my office at Naseby on or before the 29th inst. H. A. STRATFORD, Piatri# ImA Qijgtfp,