Page 4 Advertisements Column 3

New Zealand Times, Volume XXIX, Issue 4131, 17 June 1874, Page 4

Prospectus. i PR, O SPECTTJS OF THE COLONIAL BANK OF NEAV ZEALAND. Capital ... £2,000,000 In 400,000 shares of £3 each. To he offered to the Public by a first issue of one-half, viz., 20,000 shares, To be called up as follows ; Five shillings on application ; 10s on allotment ; 6s two months after allotment; 5s 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 bo made for twelve months after the Bank is first opened in Dunedin, and future Calls will not exceed os per Share, to be made, if required, at intervals of not less than three months thereafter. Provisional Committee : The Hon. Mathew Holmes W. A. Tolmio, M.11.E. 11. Oliver, M.P.C., Oliver and Ulph Dr "Webster, M.P.C., Runholder J. M. Ritchie, Russell, Ritchie, and Co. nwi™ vr:„a„,„ n.,..*- xn-A.-i. -.,.1 Go James Eattray, Dalgety, Nichols, and Co. J. L. Buttorworth, Lutterworth Bros. Robert Wilson, Pi. Wilson and Co. Keith Ramsay, Jetty street George M. Bell, llunliolder, Southland John Cormack, Of Morrison and Company, Blue Spur Captain J. T. Boyd B. C. Haggitt, Provincial Solicitor Alexander Burt, A. and T. Burt C. S. Reeves, M.P.C. James Marshall, Marshall and Copeland { James Copeland, Cumberland street W. J. M. Laruach, Guthrie and Larnach Daniel Campbell, Great King street H. S. Fish, jun., Princes street W. M. Hodgkins, of Howorth and Hodgkins R. H, Leary, High street J. H. Harris, Solicitor William Fraser, of Strode and Fraser, Runholders J. Logan, Eunholder Walter Miller, Runholdor J. A. Connell, of Connell and Moodie W. D. Stewart, Barrister M. Price, Dunedin J. S. Webb, Webb and Fulton J. Brown, sen. C. R. Chapman, Barrister The Hon. .James Paterson W. Gellibrand, Rnuholder D. F. Main, Barri.-itcr-at-X.aw W. J. Burton, Burton Bros. J. R. Jones, Harbor Steam Company Charles Zeilc, Rattray street James Hazlctt, .Merchant, Clyde John Reid, Elderslie, Oaraaru Robert Gillies, Glilies and Street Donald Reid, M.H.R. C. R. Howden, Distiller, Cumberland street Charles Reid, Princes street R. Glendining-, Ross and Glendining Dr. Edward Hulme John Douglas, Rnuholder, Mount Royal J. T. Wright, Wright, Stephenson and Co. G. F. Reid, Stafford street R. Paterson, Paterson and McLeod R. M. Robertson, Distiller, Rattray street James Sham!, M.P.C. William Barron, Barron, Grant and Co. William Park, Ikirk and Curie i George Elliot Barton, Barrister-at-Law W. D. Murison, Editor “ Daily Times ” Charles De W Teschomaker, Eunholder, Taipo, Oainaru David Proudfoot, Railway Contractor Horace Bastings, M.P.C. W. North, North and Scoullar Hugh McNeil, Briscoe and Co. John Bathgate, R.M. E. B. Cargill, Cargills and McLean H. J. Walter, Manse street E. K, Murray, Eattray street James Black, Black and Thomson Marcus Hums, Dunedin James Allen, M.P.C., East Taieri William Snow, Outram, West Taieri A. J. Smith, Contractor Thomas Birch, Merchant Ed. Herbert, Mayor of Lawrence Robert Pritchard, Arrow Walter Inder, Naseby M. J. Malagan, Queenstown Job Wain, Manse street James Fulton, R.M. John Scanlan, Scanlan Brothers, Princes street i William Kennedy, Rattray street The Hon John M'Lean, Eedoastle, Oarnara With power to add to their number. Bankers : The Union Bank of Australia, The Bank of Australasia. Ist. The great want of a thoroughly Colonial Banking Institution for the whole Colony of New Zealand having been long felt, it has been determined by the Provisional Committee to supply the same by placing before the public the present carefully considered scheme, with the full confidence that it will meet with very general support. 2nd. As a first step, it is proposed to offer to the people of this Colony one half of the nominal capital or 200,000 shares, in failproportions to each of the Provinces throughout New Zealand, on the basis of the respective populations of each Province, reserving the other half to be disposed of hereafter, as the rapid progress of the Colony may demand and shareholders may decide ; but in no instance will any of the remaining shares be offered for sale out of the Colony without having been first offered to the Colonial holders, nor will any but a New Zealand Register lie kept. 3rd. It is Intended that the Hoad Office of the Bank shall be in Dunedin, and that a General Manager of high professional standing shall be appointed to guide the operations of the Bank ; and also that a Board of qualified Directors shall bo elected from among the Committee to advise witli the General Manager, and generally watch the interests of the whole Institution. 4th. As soon as a sufficient number of Shares shall have been applied for to warrant the commencement of business, the Plead j Office will be opened in Dunedin, in suitable I Premises already secured under offer, and thereafter Branches will gradually bo opened in the Chief Centres of Settlement throughout the Colony. sth. It will he 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, Mining, Artizan, and Laboring Classes will each have fair treatment and support from the Colonial Bank. To the Mining Interest, special attention will he given, with a desire to acquire for the Miners the Mint value of their Gold, whether in large or small quantities, and until such value can be ascertained, a liberal advance will bo made upon any gold deposited for the purpose of coinage. 6th. It is not intended by the Promoters that this Bank shall purchase Gold, but merely lie prepared to make advances upon it until realised, in the same manner that it will be ready to do upon wool, grain, or otherproduce. 7th. The amount of Now Zealand money in the hands of the three Banks from Australia trading in tho Colony on the 31st December last, as shown by their several returns furnished to the Government, appear thus, without giving odd numbers; — Circulation. Total. Union Bank of Australia ... £870,000 £123,425 £993,425 Bank of New South Wales 560,000 104,849 664,849 - Bank of Australasia ... 193,000 38,962 231,062 Showing a total of ... £1,890,236 or nearly two millions of money belonging to colonists entrusted to Boai-ds of Directors in Melbourne or Sydney to control or manipulate as it may please their tastes ; or as it may bo