Page 2 Advertisements Column 2

Nelson Evening Mail, Volume IX, Issue 146, 20 June 1874, Page 2

PKO. PECTUS OP COLONIAL BASKcontinvcd. Bankers : The Union Bank <f Australia. The Bank of Australasia. let. The great want of a thoroughly Co onial banking In.tituti .n for the whole Colony of Ntw Zealand having long been f, It, it has been determine i by the J rovi*ior*al Committee to supply tho snme by placing he ore the public the present-carefully cmFidered scheme, with the full confidence that it wiil meet with very general supp-irt. 2nd. As a first -step it is proposed to off -r to the people of this Colony one-h'ilf of the nominal capital, or 200,000 shares, in fair proportions to each of the Provinces throughout i*-cw Zealand, on the basis of the respective populations of each Province reserving the other half to be disposed of in-re-al ter, as the rapid progress of the colony m»y demand and shareholders may decide ; but ia no instance will any of the remaining shares he offered for siie ou 1 of the Colony without having betn first offered to the Colonial holders, nor will any but a New Zealand Register be kept. 3rd. ltis intended that fhe head Office of tlie Bauk .ball be in Dunedin, and that a (-.en-era) M-nager of high profession « l standing shall be oppointel to guide the operations of the Bank; and also that a Board of qualified Directors shall bo elected from among the ommittee to advice with the General Manager, a* d generally watch the mt'-te'-t-' of tue wholu Institution. -*th. A- soon as a sufficient number of shan s have b> en applied for to WHrrant the commencerr.e-it of business, tho IJetd Offi:c will bj opened in Du edin, i,i suitaole prtmise-* ulready fe.urtd under effer, and thereafter Branches will gradually be opened I*- tlie chief Centres ol . ettlement throughout the Colony. sih. Jt will be the* chief aim of the Promoters of this Bank to aid and conserve alike the nitercEta of the whole community in this Colony. 'J he Mercantile, Trading, Pastoral, Agricultural, Miuing, Artiz.n, and laboring classes will each hive fair treatment and support from the Colonial Bank. Jo the Mining Interest specia* attention will be given with a desire to acquire for tho Miners the Mint value of their gold, whether in large or small quantities, and until such value can ho ascertained a liberal advance will be made upon any gold deposited for the purpose of coinage. fiili. It is not intendei by the promoters that this Bank shall purchoaa gold, but merely re prepared to n-ake advances upon it until realised, ia tie eame manner that it will b-j ready to do upon wool, grain, or other prodice. 7th. The /miounfc of New Zealand Money in the hands ofthe three Banks from Australia trading in the CoLny on the 31st December last, »s shown by their several returns furnished to tl e Government, appear thus, without giving odd cumbers : — _ T . Deposits. Circulation. Total. Union Bank of Australia £870 000 £ 123,425 £993,455 Bank of New South;WaleB 560 000 104,819 604,849 Bank of Australasia ... ] 93,000 38,962 ,231,962 Showing a total of ... £1,890.236 or nearly two millions of money belnn?ing to Colcni-4-s entrusted to Boards of Directors in Melbourne or Sydney to co>Jtrol or manipulate as it may please their t'Stes- or as it may te convenient for i li _ g od of commerce in Vic toi U cr >ew -South Wales; or lor the bene Acini regu'ntion of their exchange operations in those Coloniea Sth The Promoters, in p'acin*? the foregoing f icts before the people of this Colony, desire to point out tho very great disadvantages that Colonist-? are sure to labor under lendi g-or r ither giving— such a large sum of money as stated above to foreign Bjjnks, to be lent back to the people her:- at very high rates of inte-cst, and on most arbitrary c nditions. They thera ore h ive no hesita ion in suggesting the prudenre und wisdom of the Colonists kecpin? within their own domain t'.ie absolute control of their own monif-6; as by so du'mg they will most effrfCually destroy the rhk of luture monetiry disturbances, which they have had on mor-* than one occasion to depl >re in the past, brought about solely by some crisis that ba-* occurred in one or other of the Australian Colonies, where the real interests of the foreign Bank most strongly take root. I

PHOSPfCTCS OF TOLONIAL BANK— continued. Oth It ha3 been determined hy the Promoters that the fist issue of 200.000 Shares shall be conducted by Com nut tees to be Appointed severally in ihe chief City in each Province; nnd no Shares will be given^or reserved to fhe l J rom»ten; hut eaeh member ofthe Provisional Committee is willing to beconie a subscriber for tbe number of Shares standing opposite bis name.* 10th. It is proposed at the issue of Shares above re erred to, ihnt 5s per share be pnid on Applicuion ; that 10s per share be paid on Allotment; that a Call of 5s per share be niude and payable two months alter Allotment; that a Second Call of 5s per share be made and payable four months alter Allotment. ; and that a Third Call of ss. per t-hare ba made »rd | arable six months after Allotment—making toerether 30a. paid-up per Share. No further Call to be made within (we've* months of the Bank first commencing ousineas in Dunsdin ; after which, future Calls will not exceed ss. per Share, nor be m*tleat shorter intervals than three months between eaeh ('all. llth The Act of Incorporation for this Bank will be so framed as to limit the liai ility of the Shar eho tiers to twice the amount of their shires, the same as the other Banks. 12th. As a thoroughly Colonial Institution, the promoters have much pleasure in Btrongly recommending "The Coloniai, Bank of New Zealand" to tho support of all Colonists having the real welfare of New Zealand at heart. Such an Institution is much wanted at (he present time, and as the development of the Colony proceeds, its usefulness will also increiise, 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 Comujitt.e, it is certain that no similar Institution has ever yet been launched in the Southern hemisphere under better auspices. About 100 000 shares have been already applied for, and the greatest success haa attended the Deputation appointed to visit the Provinc s, who have visited Canterbury and Wellington, and are expectel to arrive in Nelson in a few days. 1571

COLONIAL BANK. GENTLEMEN who are willing to assist in the formation of a COMMITTEE to receive applications for {-HARES and establish a RItANCH of the COLONIAL BANK in NELSON, are requested to MKET the DEPUTATION (who are now travellirg through tbe Province?, and who will arrive and leave per s.s. '• Wellington), at the Offices of Messrs Adams & Kingdon, tolicitors, Nelson, on MONDAY i«EXI', at 11 a.m., when the Deputation w 11 be prepared to give the fullest information respecting the formation and prospects of the new Bank. For the Deputation, 1572 W. H. CUTTEN. SOUTH BRITISH INSURANCE COMPANY OF NEW ZEALAND. HOLDERS of POLICIES are reminded that PREMIUMS falling due th ! j QUA (ITER are payable at our Offices on WEDNESDAY, the 24th instant. We would take this opportun'ty ot requesting the continued CO-OPERATION of our triads and LOCAL SHAREHOLDERS in bringing their own business and using their influeaco in securing NKW RISKS for the SOUTH BRITISH COMPANY. MORRISON, SOLANDERS, & CO., Agents. Nelson, 20th Jaminry, 1 874. 1565—3 BUSH TAVERN. TWO PIGS to be SKITTLED FOR TONIGHT (SATURDAY), at 7 o'clock. A.'sj, a GOLD H^G. 1541 WANTED, TWO YOUTHS, from 17 to 20 years old, to go to the Awatere, to worlr on a Station. Apply office of this paper 1566 W.ANTEtD, a PONY, qui*t in Harness, no more tban 14 hands. Apply to l.ev. J. C. ANDREWS, College Hill. 1571

NOTICE EXTRAORDINARY. -:o: GIYING UP BUSINESS. vi :o: I T. S. WTMOND & CO. 1 o C5 T-t^^* - t0 ca *- attention to the fact, that tho Premises at present *$ g occupied by them having besn re-let, they are thereby necessitated to £**! S £1 clear out the Balance of their large Stock of __ jj DBAPEEY, CLOTHING, &c. I 523 22 £^ at any sacrifice. P< m O Tho whole must be cleared by tbo end of July. © g co W ° P O &4 Also having purchased a quantity of £3 IBANKRTJPT STOCK,! ft <q the whole of which will be offered at English Cost ; together making ----- ~ this the • j-. £. #7 | Cheapest Drapery Sale 0 i~. »**■ ever beld io Nelson. rrj >* 05 PQ :o: 3 - & Remember for One Month only, p !£-( AT THB i SIGH OF THES FLAG-. H 5 TRAFALGAR* STRFET ! T. S. WYMOND & CO. rt- 1564 ..;.,' ST; • ■- : :\