Page 4 Advertisements Column 3

Nelson Evening Mail, Volume IX, Issue 151, 27 June 1874, Page 4

PROSPECTUS OF COLONIAL BANKcontinued. be prepared to make advances upon it until realised, in tbe same manner that it will bo ready do upon wool, grain, or other produce. 7 th. The Biuount of New Zia'and Money in the hands of the three Banks from Australia trading in the Colony on the 31st December last, os shown by their several returns lurnißhed to the Government, appear thus, withcut giving odd numbers ;— Deposits, Circulation. Total." Union Bank of Australia .£870,000 £\ 23,425 £993,425 Bank of New SouthJWales 560,000 101,849 664,849 Bank of Australasia ... 193,000 38,962 231,962 Showing a total of ... £1,890,236 or nearly two millions of money belonging to Colcniet9 entrusted to Boards of Directors in Melbourne or Sydney to control or manipulate as it may please their tistes; or as it may be convenient for the gcod of commerce in Victo'kcrJSew South Wales; or for the bene ficial regulation of their exchange operations in 1 hose Colonies. . ; . Bth : Tbe 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 lending— or rather giving—such a large sura 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 there-ore hive no hesitation in suggesting the prudence »nd wisdom of the Colonists keepinj? within their own domain the absolute control of their own ! monies; as by so doins; they will most effectually destroy the risk of luture monetary disturbances, which they have had on more than one occasion to deplore in the past, brought about solely by some crisis thst has occurred in one or other of the Australian Coloniep, 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 Promoter ; but each member ofthe Provisional Committee is willingj to become a subscriber for the number of Shares standing opposite bis name.* 10th. It is proposed at the issue of Shares above re i erred 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 after 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 hbare be made and payable six months after Allotment—making together 80s. paid-up per Share. No furtlur Call to be made within twelve months of the Bank first commencing Dusiness in Dunedin ; after which, future Calls will not exceed ss. per Share, nor be m ide at shorter intervals than three months between each Call. 11 th. The Act of Incorporation for this Bank will be so framed as 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>n Institution is much wanted at the present time, and as the development of the Colony proceeds, its usefulness will also increase, anfl 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 Committee, 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 has attended the Deputation appointed to visit the Provinces, who have visited Canterbury and Wellington. 1571 General NoticesMR DE MONTALK will begin CLA SSES in ITALIAN and GERMAN, also in ENGLISH andFORHGN LITERATURE, at Miss Mackat's School, alter the Ist of July next. Intending pupils will please to send in their names to Miss Mackav before the above date. The French class will be resumed on Wednesday, the Ist July. J536 MR,; H. C. WILLIAMBON is prepared to receive PUPILS for, instruction in the following branches of EDUCATION :— SHORTHAND (Pitman's System), MATHEMATICS, and LAI IN. Terms on application,, at Mr. H, J. L. AUGARDE'S, Bridge-street. .\ 1604 THE Undersigned is a PURCHASER of PHEASANTS and QUAIL. 1387 ANN BIRD. LOST, an EARRING. Finder rewarded . on bringing it to tbe Office of this Paper. . , 1 572 WAIMEA ROAD BOARD. ELECTORAL NOTICE. mHE ELECTORS paying Rates for Lands X and Tenements within the undermentioned Sub-Districts of tho WAIMEA i are hereby Summoned to MEET on MONDAT, July 6, at Noon, at the places named opposite such Sub, •Districts, respectively, to EliECtj, in each inch FOUR PERSONS qualified to vote at such Meeting, to supply the Vacancies in the Waimea Road : Board, cauied by the retirement of Messrs. Root, B.AioEJJTjiiand .\V.in, whose term, of office will then expire, but who are eligible for Re-election: — STOKE.-vPußiiic! Ham,. ! SPRING GROVE.— Marks' Store. DOVEDALB.— Thb School-Room. In. the event of a Poll being demanded in any Sub-District, the Polling shall, in such Sub-District, commeßce immediately,' after the Nomination, and shall continue for Four hours, and no lonsrer. As, in accordance with the provisions of the " Nelson Highways Act," no person whose rate is unpaid,' is 1 entitled to take any part in tbe Election, persons authorized by the Board will be in attendance to receive Rates on tbe day, and at the places of Election. . . ... T. J. THOMPSON, 1594—3 Secretary. J. W.mT: AT ?'B? ; , s Medical, Subgioal, and Mkohanical DENTIST, MAY BE CONSULTEU A8 USUAL, 2**o MEDICAL HALL.