PROSPECTUS OF THE COLONIAL BANK oe NEW ZEALAND. CAPITAL £2,000,000 In 400,000 shares of £5 each. j 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; 68 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 months 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. Provisional Committer : .The Hon. Matthew Holmes W. A. Tolmie, M.H.R. R. Oliver, M.P.C, Oliver and TJlph 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 Butterworth, Butterworth Bros Robert Wilson, R. Wilson and Co Keith Ramsayi Jetty-street ' George M. Bell, Runholder, Southland John Cormack, of Morrison and Company, Blue Spur Captain J. T. Boyd B. C Haggitt, 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. Hodgins, of Howarth and Hodgins R. H. Leary, High-street J. H. Harris, Solicitor Wm. Fr ser, of Strode and Eraser, Runholders J. Logan, Runholder Walter MiJler, Runholder J. A. Connell, of Connell and Moodie W. D. Stewart, Barrister M. Price, Dunedin J. S. Webb, Webb and Pulton J. Brown, sen C. R. Chapman, Barrister The Hon. James Paterson W. Gellibrand, Runholder D. F. Main, Barrister at Law. W. J. Burton, Burton Bros. J. R. Jones, Harbor Steam Company Charles Zeile, Ratt ray-street James Hazlett, Merchant, Clyde John Eeid, Elderslie, Oamaru Robert Gillies, Gillies and Street Donald Reid, M.H.H. C. B. HoWden, Distiller, Cumberland-street Charles Reid, Princes-street R. Glendening, Ross and Glendening Dr. Edward Hume John Douglas, Runholder, Mount Royal J. T. Wright, Wright, Stephenson and Co. G. E. Reid, Stafford-street H. Paterson, Paterson and M'Leod R. M. Robertson, Distiller, Rattray-slreet James Shand, M.P.C Wm. Barron, Barron, Grant, and Co. Wm. Park, Park and Curio George Elliot Barton, Barrlster-at-Law W. D. Murison, Editor Daily Times Charles De V. Teschmaker, Runholder, Taipo, 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 James Allen, M.P.C, East Taieri William Snow, Outram, West Taieri A. J. Smyth, Contractor Thomas Bireh. Merchant Ed. Herbert, Mayor of Lawrence Robert Pritchard, Arrow . Walter Inder, Naseby M. J. Malaghan, Queenstown . Job Wain, Manse-street James Pulton, R.M. John Scanlan, Scanl-tn Bron., Princesstreet William Kennedy, Rattray-etreet The Hon. John M'Lean.Redcasfcle, Oamaru Gilbert Mathieson, Mathieson Brothers, Dunedin Edmund Smith, Dunedin Savings' Bank George Proudfoot, Railway Contractor C. W. Plexman, Wool Merchant. John M'Gregor, C.E. W. H. Cutten, late Commissioner of Crown Lands John Reid, of Corner Bush, Merton Henry Orbell, Runholder, The River, Waikouaiti T. A. Clowes, of Ashcroft, Spence, and Co., Oamaru With power to add to their number. Bankers : The Union Bank of Australia. The Bank of Australasia. Ist. The great want of a thoroughly Colonial Banking Institution for the whole Colony of NeW Zealand having long been tilt, 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 tbat 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 fafr proportions to each of the Provinces throughout New Zealand, on the basis of the respective populations of each Province, reserving the other half to be disposed of hereafter, as the rapid progress of the colony may demand and shareholders may decide ; but in no instance will any of the remaining shares be offered for sale out of the Colony without haying been first offered to the Colonial holders, nor will any but a New Zealand Register be kept. 3rd. It is intended that tbe head Office of the Bank shall be in Dunedin, and tbat a General Manager of high professional standing shall be appointed to guide tbe operations of the Bank; and also that a Board of qualified Directors shall be elected from among the ommittce to advise with the General Manager, aud generally watch the interests of tuo whole Institution. 4th. A* soon as a sufficient number of shares have been applied for to warrant the commencement of business, the Head Office will ba opened in Dunedin, in suitable premises already secured uuder offer, and thereafter Branches will gradually be opened in tbe chief Centres of (Settlement throughout the Colony. sth. Ifc will be the chief aim of the Promoters of this Bank to aid and conserve alike the interests of the whole community in this Colony. The Mercantile, Trading, Pastoral, Agricultural, Mining, Artiztn, and Laboring classes will each have fair treatment and support from the Colonial Bank. To the Mining 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. fatb. It is not intended by the promoters that this Bank shall purchase gold but merely
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Bibliographic details
Nelson Evening Mail, Volume IX, Issue 148, 23 June 1874, Page 4
Word Count
939Page 4 Advertisements Column 2 Nelson Evening Mail, Volume IX, Issue 148, 23 June 1874, Page 4
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