PROSPECTUS OF THE COLONIAL BANK oi? NEW . ZEALAND. CAPITAL £2,000,000 In 400,000 shares of £5 eacb. To be offered to the public by a first issue of one-half, viz., 200,000 shares. To be called up as follows : — Eive shillings on application; 10s on allotment; 5s two months after allotment; 5s four months after allotment; 5s six months after allotment; which will amount to £300,000 paid up Capital at end of six months. No further call will be made for 12 motiths after the Bank is first opened in Dunedin, and future calls will not exceed 5s per share, to be made if required, at intervals of not less than three months thereafter. Phovisional Committee : The Hon. Matthew Holmes W. A. Tolmie, M.H.R. R. Oliver, M.P.C, Oliver and Ulph Dr Webster, M.P.C, Runholder J. M. Ritchie, Russell, Ritchie, and Co Charles Nichols, Dalgety, Nichols, and Co James Rattary, Dalgety, Nichols, and Co J. L Biitterworth, Butterworth Bros Robert Wilson, R. Wilson and Co Keith Ramsay, Jetty-street George M. Bell, Runholder, Southland John Cormack, of Morrison and Company, Blue Spur Captain J. T. Boyd B. C. Haggiit, Provincial Solicitor Alexander Burt, A. and T. Burt C S. Reeves, M.P.C James Marshall, Marshall and Copeland James Copeland, Cumberland-street . W. J. M. Larnach, Guthrie and Larnach Daniel Campbell, Great King-street H. S. Eish, jun., Princes street W. M. Ilodgins, of Howarth and Hodgins R. H. Leary, High-street J. H. Harris, Solicitor Wm. Pr ser, of S.rode and Eraser, Runholders J. Logan, Runholder Walter Miller, Runholder J. A. Connell, of Connell nnd Moodie W. D. Stewart, Barrister M. Price. Dunedin J. S. Webb, Webb and Fulton J. Brown, sen C. R. Chapman, Barrister The Hon. James Paterson W. Gellibrand, Runholder D. F. Main, B irrister at Law. W. J. Burton, Burton Bros. J. R. Jones, Harbor Steam Company Charles Zeile, Rattray-street James Haziett, Merchant, Clyde John Reid, Elderslie, Oamaru Robert Gilließ, G Hies and Street Donald Reid, M.H.K. . C B. Howden, Distiller, Cumberland-street Charles Reid, Princes-street R. Glendeni"i?, Ross and Glendening Dr. Edward Hume John Douglas, Runholder, Mount Royal J. T. Wright, Wright, Stephenson and Co. G. E. Reid, Stafford-street K. Paterson, Palerson and M'Leod R. M. Robertson, Distiller, Rattray-street James Shand, M.P.C. Wm. Barron, Barron, Grant, and Co. Wm. Park, Park and Curio George Elliot Barton, Barrister-at-Law W. D. Murison, Editor Daily Times Charles De V. Teschmaker, Runholder, Tfiipo, Oamaru David Proudfoot, Railway Contractor Horace Bastings, M.P.C. W. North, North and Scoullar Hugh M'Neil, Briscoe and Co. John Bathgate, R.M. E. B. Cargill, Cargill and M'Lean H. J. Walter, Manse-street James Black, Black and Thomson Marcus Hume, Dunedin Jamts Allen, M.P.C, East Taieri William Snow, Oiitram, West Taieri A. J. Smyth, Contractor Thomas Birch. Merchant Ed. Herbert, Mayor of Lawrence Robert Pritchard, Arrow Walter Inder, Naseby M. J. Malaghan, Queenstown Job Wain, Manse-street Jameß Fulton, R.M. John Scanlan, ScanLn Broa., Princesstreet Willinm Kennedy, Rattray-street The Hon. John M'Lean, Redcasfcle, Oamaru Gilbert Mathieson, Mathieson Brothers, Dunedin Edmund Smith, Dunedin Savings' Bank George Proudfoot, Railway Contractor C W. Elexman, Wool Merchant John M'Gregor, CE. W. H. Cutten, late Commissioner of Crown Lands John. Reid, of Corner Bush, Merton Henry Orbell, Runholder, The R*ver, Wailtouai.'i T. A. Clowib, of A*hcroft, Spence, and Co., Oamaru With power to add to their number. Bankebs : The Union Bank of Au stralia. The Bank of Australasia. Ist. The great want of a thoroughly Colonial Banking Inatituti-m for the whole Colony of New Zealand having long been ff It, it has been determined by the Provisional Committee to supply the same by placing before the public the present-carefully considered scheme, with the full confidence that it will meet with very general support. 2nd. Asa first step it is proposed to offer to the people of this Colony one-half of the nominal capital, or 200,000 shares, in fair proportions to each of the Provinces throughout New Zealand, oh the basis of the respective populations of each Province, reserving the other half to be disposed of herealter, as the rapid progress of the colony may demand and shareholders may decide ; but ih no iustance will any of the remaining shares be offered for sale out, of the Colony without having betn first offered to the Colonial holders, nor will any but a New Zealand Register be kept. 3rd. It is intended that the head Office of the Bank shall be in Dunedin, and that a General Manager of high professional standing ehall be appointed to guide the operations of the Bank; and also that a Board of qualified Directors shall be elected from among the ommittee to advise with the General Manager, and generally watch the interests of tiio whole Institution. «*th. As soon as a sufficient number of shares have b< en applied fbr to warrant the commencement oi business, the Head Office will ba opened in Dunedin, iv suitable premise* already secured under offer, and thereafter Branches will gradually be opened in the chief Centres ot ;- ettlement throughout the Colony. 6th. It will be the chief aim of the Promoters of this Bank to aid ana conserve alike the interests of the whole commuuity in this Colony, The Mercantile, Trading, Pastoral, -Agricultural, Mining, Artiz»n, and Laboring classes will each have fair treatment and support from the Colonial Bank. To the Mming Interest special attention will be given with a desire to acquire for the Miners the Mint value of their gold, whether in large or small quantities, and until such value can be ascertained 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 ehaU purchase gold, but merely
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Bibliographic details
Nelson Evening Mail, Volume IX, Issue 147, 22 June 1874, Page 4
Word Count
943Page 4 Advertisements Column 2 Nelson Evening Mail, Volume IX, Issue 147, 22 June 1874, Page 4
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