Page 4 Advertisements Column 2

Nelson Evening Mail, Volume IX, Issue 162, 10 July 1874, Page 4

i . PnbKc Notices. PROSPECTUS OF HPHE COLONIAL BANK of NEW -*- ZHALAND. CAPITAL I. £2,000,000 In 400,000febares of £5 each. To he offered to me public by a first issue of one-half, viz., 200,000 shares. To be called np as follows : — Five shillings oi application; 10s on allotment; Ss two months after allotment; 5s four months after allotment; 5s six months after allotment; which will amount to jq300,000 paid up Capital at end of six nionths. No further can will be made for 12 months after the Bank is first opened in Dunedin, and future calld will not exceed 5s per ebsre, to be made if required, at intervals of not less than three mon ;hs thereafter. NELSON LOCAL COMMITTEE. W. Acton B. A bams, Esq., M.P.C., Solicitor P. Donald, Es \., of Messrs. Arthur & Co.' Merchants Charles Hahi mann, Esq., of Messrs. Nath. EDwards & Co., Merchants J. R. Mabin, E sq,, Auctioneer, &c. JosephMacka r, Esq., Nelson College. / / (/^ Bankers: /f ' /V ' v ' s#lSelJi ion Bank of Australia. ' The : Jank of Anstralasia. Ist. The gr at want of a thoroughly Colomal Banki ig Institution for the whole Colony of New Zealand hiving long been felt, it has been de ermined by th^ Provisional Committee to supply ttfe agfce ly placing before the pub ie the pr^^ft-caretully considered scheme, with the hjl confidence that it will meet with very ?enmL support. 2nd. As a fir it sXepisy{% proposed to offer to the people )f thi^olony one-half of the nominal capita I, 0j#200,000 shares, in fafr proportions to i aoJTof theOProvin^es throughout New Zealand, on ihe bhsis of the respective pop ilations of eacl/ Province, re.^erving the oth ;r half to be deposed of hereata^r, as the ra| id progress cf the colony may demand and sh beholders n&y decide ; but in no instance wi 1 aftjr of t% remaining shares be offerec^fbr sale out o^She Colony without having beVj rst offlffed to the Colonial holders, hor -WH any bw a New Zealand Register be kept. "V ~» 3rd. ItisinhindMUat the head Office of the Bank shall be /fl^uoedin, and that a General Manag ;r <fi hig^professional standing ehali be appointed to gl^de the operations of the Bankj^and also iHat a Board of qualifitd Diredpors shall be >lected from among the Qfimmittee to advis^vith the General Manjfe^r, and generally w»ch the interests of tiho whole Institution. >\ 4tb. As /oon as a sufficient number of share s havrfbedu applied for to warrant the commencement bf business, the Bead Office will be /peneH in Dunedin, in suitable premises /already secured under offer, and thereafter Bran Jhes will gradually be opened in the chief Cci ifres of Settlement throughout the Colony. \ sth. It will b j'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, MWing, Artiz-»n, and Laboring classes will eaih 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 or their gold, whether in large or email quantities, and until such value can be ascertained a liberal advance will be made upon any gold deposited for the purpose iOf coinage. 6tb.,ltis not intended by the promoters that this Bank sh ill purchase gold but merely be prepared to ro tke advances upon it until realised, in the ca ne manner that 1 it will be ready to do upon wool, grahu4r other prodace. /?r 7tb. The amoni it of N«pr Zealand Money in tbe hands of the threeJßanks from Australia trading in the Colbnjpnra the 31 st December last, as shown bWtbeir several returns furnished to tbe Gowrnment, appear thus, without giving odcLjcmnbers : — . jT Deposits. Circulation. Total. Union Bank of Australia £ tfOOOO £123,425 £993,425 Bank of New •' South Wales 560,000 104,849 684,849 Bank of Australasia ... 93,000 38,962 231,962 Showing a tbtal 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 thf ir tastes; or as it may be convenient for the jcod of commerce in Victoiiaor New South Wales; or for the bene ficial regulation of their exchange operations fo those Colonies. Bth- The Promo era, in placing the foregoing facts befcre tl c people of this Colony, desire to point ou ; tho very great disadvantages that Col mists are sure to labor under lendirg— 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 there'ore hive no hesitaion in suggeiting the prudence and wisdom of the Colon: sts keeping within their own domain the abs< lute control of their own monies; as by so dob g they will most effectually destroy the ri tk of luture monetary disturbances, which tbey have had. on more than one occasion o deplore in the past, brought about solely by some crisis that has occurred in one or c thpr of the Australian Colonies, where ths real interests of the forC!«u Bank most at ongly take root, 9th It hi* been d etermiaed by the Promoters that the first 4sue of 200,000 Shares shall be conducted bj Committees tn be appointed severally in i lie chief City iv each Province; and no SI ares will be given or reserved to the Prom >ters; but each member ofthe Provisional C Dmmittee ie willing^ to become a subscriber 1 or the number of Shares standing opposite bis name.* 10th. It is propos< d at the issue of Shares above referred to, th« 1 5s per share be paid ou Application ; that 1 9s per share be paid on Allotment ; that a ?all of 5s per share be made and payable t wo months after Allotment; that a Second Call of 5s per share be made and payable f >ur months after Allotment ; and that a Th rd Call of ss. per share be made and payable six months after Allotment—making together 30s. paid-up per Share. No further Call to be made within twelve months of the IBank first commencing Dueiness in Dunedin k after which, future Calla will not exceed Vss. per Share, nor be nude at shorter intervals than three months between each Call. A llth. 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 las the other Banks. 1 2th. As a thoroughmColonial Institution, the promoters have mucbl pleasure in strongly recommending "The Colonial Bank of New Zealand" to the support of all Colonists having the real welfare §f New Zealand at heart. Such an Institution is much wanted at the present time, and as the development of the Coiony 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 torn |h« Mtt«Q9f 9A<\ mai etperiinco