Page 4 Advertisements Column 2

Nelson Evening Mail, Volume IX, Issue 156, 3 July 1874, Page 4

Public Notices. PROSPECTUS OF r PHE COLONIAL BANK of NEW x ZEALAND. CAPITAL ." .;. £2,000,000 Li 400,000 shares of £5 each. To be offered to the pnblic by a first issue of one-half, .viz., 200,000 shares. To be called up as follows : — /- Five shillings on application; 10s on allotment; 5s two months after allotment; 5a 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 month) after the Bank is first opened in Dunedin, and future calls will not exceed 5s per .hare, to be made if required, at intervals of not less than three months thereafter. K NELSON LOCAL COMMITTEE. . Acton B. Adams, Esq., M.P.C, Solicitor. P. Dosald, Esq., of Messrs. Arthur & Co. Merchants Charles Habtmann, Esq., of Messrs. Nath. EDwards & Co., Merchants J. B. Mabin, JEsq., Auctioneer, &c. Joseph JMackat, Esq., Nelson College. f L- ySBASKERSt: l* y !Tpt/fjßlon Bank of Australia. yS The Bank of A ustratasla. -Ist. The great want ci a thoroughly Colonial Banking Institution for the whole Colo ay of New Zealand having long beeo felt, it bas been determine I byuhe Provisional Committee to supply the i«me by placing • teore the public the pnseot-carelully .considered scheme, witb the full Confidence that it wid meet wjth very Mineral fupport. * 2nd. As a first step it is proposed tooffrr to the people of this Colony one-half ci the nominal capital, or 200,000 shares, in fa(r proportions to each of the Provinces through-- , put JNcw Zealand, on the basis of tjie lespective populations of each Provincanrr•erving the other half to te disposed o^herek'ter, as the rapid progns3 of the coLtoy may di raand and shareholders may decide ; but in no instance will any of the remaining shares t be offered for sale out ot the Colony without having been first offered to /be Colonial holders, nor will any but a New/Zealand Register be kept. / Srd. It is intended that tb/ head Office of the Bank shall be in Duo/din, and that a General Manager ol high /rofeesional standing ehall he appointed lo iffuiiie the operations of the Bank; aqda)f§ that a Board of qualifl.d Directors TSftll? be elected from* among the ( ommittee to advi«e with the General Manager, va\ generally watch the inter&ts of tiio whole Institution. •*th As soon as a sufficient number of ""TTfcvrf a have Ix en applied Jfor to warrant the commencement of busings, ihe Head Office will be opened in Danedin, in suitable premise* already secured under offer, and th.rc.;fter Branches williradaally be opened in the chief Centres ol settlement throughout the Colcny. Sth. It will be the chief aim of the Promote -s of this Bank lo aid and conserve alike the interests of tbe whole community io this Colony. '1 he Mercantile, Trading^Pastoral, /gricultuial, Mining, Artiz.n, and Laborh.g N classes will each have fair treatment and support from the Colonial Bank, lo the Mkiing Interest speuia' attention will be given with a desire to acquire for the Miners the Mint value of their gold, whether in large or email quantities, and uStil such value can he ascertained a liberal advance will be made upen any gold deposited for the purpose of coinage. ' 6th. It is not iotendei by the promoters, that thia B ink shall purchase gold tut merely be prepared to » ake advances upon it until realised, in tl.e same manner that it will be ready to do upon wool, grain, or otb.r prodare. "th. The smoont of New Zealand Money in tbe hands of tbo three Banks from Australia trailing in the Cohny on tha 31st December last, aa shown by their several returns furnished to tie Government, appear thus, without giving odd numbers :— m Deposits, Circulation. Total. Union Bsnk of Australia" £870000 £123,425 £993,425 Bank 'of New.. . \ South Wales : S&«Q 104,849 684,849 Bank of Aus- ..' 7* , tralasia ... lga.dOO^ 38,962 231,962 Showing a total of ... £1,880,236 or nearly two millions of money belonging to Colonies entrusted to Boards of Directors in Melbourne or Sydney to control or manipulate as it may please their tastes; or aa it may be convenient for ihe g:od of commerce in Vicfo»i* tr Kew fouth Wales; or for the bene flcjal regulation of tbeir exchange operations px those Colonies. y" , Bth The Promoters, in placing tbe foregoing facta before tbe people of this Colony, desire, to pmnt 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 c nditions. They there ore h*ve no heoitaion in suggesting the' prudence and wisdom of the Colonists keeping within their own domain the absolute control of their own monies; as by so doing they will most effectually destroy the ruk'of luture monetary disturbances, which they have had on more than one occasion to deplore in the past, .rought 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 bas been determined by the Prompters that the firaD 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; tut each member of the Provieional Committee is willing to become a sub? criber for tbe number of Shares standing opposite hia name* 10th. It is proposed at the issue of Shares above re'erred to, that 5s rer sbare be paid on Application; lhat 10s per share be paid on Allotment; that a Call of Ss per share be made and payable two months after Allotment; that a Second Call of 5s per share be made ana payable four months alter Allots ment ; and that a Third Call of ss. per ebare be made and payable^ months after Allotment—making . together 30a. pa:'d-tp per Share. No further Cad to be made within twe've months of ihe Bank first commencing nusiness in Dunedin ; after which, future (Jails will not exceed ss. per Share, nor be , m'de at shorter intervals than three months between each (Jail. llth. The Act of Incorporation for this Bank will be so framed as to limit the liability of tbe Sharebo ders to twice the amount ' of their shares, the same as the other Banks. 12th. Aa 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 much wanted at the present time, and as the, development of the Colony proceeds, ita usefulness will also increase, and be more and more appreciated, both aa an investment for the savings of the people and aa a useful Bank. Judging itom the influence and sound espextsnea :