Page 4 Advertisements Column 3

Nelson Evening Mail, Volume IX, Issue 148, 23 June 1874, Page 4

PROSPECTUS OF COLONIAL BANKcontinued. be prepared to make advances upon it until realised, in the same manner that it will be ready to do upon wool, grain, or oth r produce. 7 th. The Amount of New Zealand Money in ; the. bands ofthe three Banks from Australia trading io 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 560,000 104,849 664,819 Bank of Australasia ... 193,000 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 g-od of commerce inVictoiiarr New South Wales; or for the bene ficial regn'ation of their exchange operations iu those Colonies. Bth The Promoters, in placing the foregoing facta before the people of this Colony, desire to point out the very great disadvantages that Colonists are sure to labor, under lendi- g-or rather giving— -such a large sum of money as 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 h*ve no hesitaion in suggesting the prudence" snd wisdom of the Colonists keeping within their own domain the absolute control of their own moniee; as by so doing they will most effectually destroy the risk of future monetary disturbances, which tiiey have had on more than one occasion to deplore in the past, brought about solely by some crisis that bas occurred in one or other of the Australian Colonies, where the real interests of 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 ihe chief City in each Province; and no Shares will be given or reserved to the Promoters; but each member ofthe Provisional Committee is willing to become a subscriber for tbe number of Shares standing opposite his name.* lOth. It is proposed at the issue of Shares' above referred to, that 5s per share be paid on Application; that 10s per share be paid on Allotment ; that a Call of 5s per share be made and payable two months alter Allot-' ment; that a Sfcond Call of 5s per share be made and payable four months alter Allotment • and that a Third Call of ss. per share be made and payable six month* after Allotment—making together 30s. paid-up per Share. No further Call to be made within twelve months of the Bank first commencing business in Dunedin ; after which, future Calls will not exceed ss. per Share, nor be mide at shorter intervals than three months between each Call. ' llth. The Act of Incorporation for thiß Bank will be so framed as to limit the liability of the Shareholders to twice the amount of their Bhares, 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]; ia wanted at the present time, and as 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 J from the influence and sound experience possessed by the promoting Members of Committee, it iB 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 has attended the Deputation appointed to visit the Provinces, who have visited Canterbury and Wellington. 1571 Books, BOOKS ! BOOKS ! ! BOOKS ! ! ! R LUCAS & SON call attention • to the following LIST OF BOOKS, which they have on SALE at Low Prices ; — History of England Select Library of Fiction { Companion Library Lucy Bell's First Place Tales of a Grandfather Robinson Crusoe One Hour a Week Story of Robin Hood Marius Flaminius Mrs Caudle's Curtain Lectures Luke Barnicoat Rosa or the Two Castles .Old Humphrey's Tales Three Little Spades The Swallows of Leigh Farm Martyrs of Spain Harry Hope's Holidays Brave Bobby The Giant Killer Language of Flowers What are tbe Stars? Tales of Scottish Chivalry Nettie's Mission Old Helmet Modern Sacred Poetry Sunday Half-hours Consult Me. for all you want to know Enquire within upon Everything Fairy stories with a purpose Marion's Sundays Melbourne House Daisy Drayton Hall Queechy Pryde's Navigation Smile's Character Anecdotes of Animal Life The Henwife Piper on Poultry Men of History Old World Worthies The Holiday Camp Washed ashore What shall I Be The House in Town The Basket of Flowers Tbe Buried Cities c « Campania Exiles in Babylon Wonders of Bodily Strength and Skill The Playfellow Medical. J. W. T ATTON Medical, Surgical, and Mechanical DENTIST, MAY BE CONSULTED AS USUAI* I 2540 MEDICAL HALL.