Page 1 Advertisements Column 4

New Zealand Times, Volume XXIX, Issue 4126, 11 June 1874, Page 1

Prospectus. hojKJsit. Circulation. Total. Union Bank of Australia ... ,<.'870,000 X 123.425 £003,425 Bank of New South Wales 000,000 104,849 004,840 Bank of Australasia ... 103,000 38,002 231,002 Showing a total of ... £1,890,230 or marly 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 good of commerce in Victoria or New Smith Wales ; or for the beneiicial regulation of their exchange operations in j those Colonics. Sth. Tl\o Promoters, in placing the foregoingfacts before the people of this Colony, desire to point out the very great disadvantages that colonists are sure to labor under by lending—or I rather giving—such, a large sum of money as j stated above to foreign Banks, to bo lent back to the people here at very high rates of interest, and on more arbitrary conditions. They, therefore, have no hesitation in suggesting the prudence and wisdom of the colonists keeping within their own domain the absolute control of their own moneys as by so doing they will most effectually destroy the risk in future monetary disturbances, which they have had on more than one occasion to deplore in the past, brought about solely by some crisis that lias occurred iu one or other of the Australian Colonies, where the real interestrfof the foreign Bank most strongly take root. 9th. It has been determined by the Promoters that the first issue of 200,000 Shares shall bo conducted by Committees, to be appointed severally in the chief city in each Province ; and no Shares will be given or reserved to the Promoters ; but each member of the Provisional Committee is willing to become a subscriber for the number of Shares standing opposite to his name.* 10th. It is proposed at the issue of Shares above referred to that os per Share be paid on Application ; that 10s per share be paid on allotment; that a Call of 5s per Share bo made and payable two months after Allotment; that a Second Cal! of 5s per Share be made and payable four months after allotment ; and that a "Third Call of 5s per Share be made and payable six months after Allotment—making together 30s paid up per Share. No further Chill to be made within twelve mouthy of the Panic first commencing business in Diihcdin ; after which future Calls will not exceed os per Share, nor bo made at shorter intervals than three months between each Call. 11th. 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 iu strongly recommending “ Thu Colonial Bank ok New Zealand” to the support of all Colonists having the real welfare of New Zealand at heart. Such an Institution is much 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 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. A deputation of Provincial Directors will visit Wellington in a few days for the purpose of co-operating with a local Provisional Committee. Meantime forms of application for Shares may bo obtained, and applications may be lodged with the Union Bank of Australia and the Bank of Australasia. POEM OF APPLICATION FOR SHARES. Date 1874. TO THE PROVISIONAL COMMITTEE OK THE COLONIAL BANK OF NEW ZEALAND. Gentlemen,-—I hereby make application for Shares in the above Company ; and hand yon herewith the sum of £ , being the amount of Five Shillings per Share deposit on the same ; and I agree to take the said " Shares, or any less number that may be allotted to mo, and I further agree to subscribe to tbe Articles of Association when required to do so. I am, Gentlemen, Yours truly, Signature Name in full Occupation Address No Date received. * The Provisional Committee have already subscribed amongst themselves for 25,475 Shares, which they are prepared to take if allotted to them. Public Companies. mi-IE WELLINGTON TRUST, LOAN JL AND INVESTMENT COMPANY (Limited). INVESTMENTS AND LOANS, Advances made on real Estate, or Leaseholds, repayable by monthly instalments, including principal and interest, also by way of mortgage, the borrower to have power to repay by instalments. Advances made on other approved securities (such as stocks ships, &c,) but not on personal security, Bills of Exchange or Promissory N otes. Security given for Government and other contracts, and advances made on security of works iu progress. Investments can bo made and money borrowed, on the principle of Building Societies at any time, and for such periods as may suit the convenience of investors or borrowers as per tables to bo soon at the office, where the necessary information can bo obtained. Loans may be repaid, and investments withdrawn at any time (on giving due notice) at fixed rates, as per tables. NO ENTRANCE FEB. DEPOSITS. Deposits received for such periods as may bo a-'reed on. PRESENT RATE OF INTEREST, FIVE PEP. CENT PER ANNUM, payable half-yearly. WILLIAM ALLEN, Manager. 13th January. Coach Factory. TTNION COACH FACTORY. U G nuzsUK Stueet (Opposite St. Peter’s Church). The undersigned, having commenced business in the above premises, is prepared to execute all orders entrusted to him in a workmanlike maimer, without delay, and on most reasonable terms. Each branch of the business will lie under the supervision of skilful workmen and all work from the establishment guaranteed. Repairs of all descriptions executed with neatness and despatch. R.W. has also on hand, and in course of construction, double-seated buggies, express waggons, two spring carls, and timber waggons Country orders specially attended to. R. W. 'WATSON.