Page 4 Advertisements Column 3

New Zealand Times, Volume XXIX, Issue 4132, 18 June 1874, Page 4

Prospectus. Pit O S P E C T U S OP THE COLONIAL BANK OF NEW ZEALAND. Capital... £2,000,000 In 400,000 shares of £5 each. To be offered to the Public by a fir A issue of ouo-half, viz., 20,000 shares, To lie called up as follows : Five shillings on application ; 10s on allotment ; 5s two months after allotment ; 5s four months after allotment; 5s six mouths after allotment ; which will amount to £300,000 paid-up capital at end of six months. No further Call will Tie made for twelve months after the Bank is first opened in Dunedin, and future Calls will not exceed 5s per Share, to be made, if required, at intervals of not less than throe months thereafter. PROVISIONAL Committee : The Hon. 5 lather.- Holmes W. A. Tohnio, 51.H.R. 11. Oliver, M.P.C,, Oliver and Illph Dr Webster, M.P.0., Evmlioldor J. 51. Ritchie, Russell, Ritchie, and Co. Charles Nichols, Dalgoty, Nichcls, and Co. James Rattray, Dalgety, Nichols, and Co. J. L. Buttorworth, Butter-worth Bros. Robert Wilson, R. Wilson and Co. Keith Ramsay, Jetty street George 51. Bell, Runholder, Southland John Corraack, of 5 lorrison 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 Atarshall, IMarshall and Copeland James Copeland, Cumberland street W. J. 51. Larnach, Guthrie and Laruach Daniel Campbell, Great King street 11. S. Fish, jun., Princes street W. 51. Hodgkins, of HowovtU and Hodgkins R. H. Leary, High street J. H. Harris, Solicitor William Fraser, of Strode and Fraser, Runholders J. Logan, Runholder Walter Miller, Runholder J. A. Connell, of Connell and Aloodle W. D. Stewart, Barrister 51. Piice, Dunedin J. S. Webb, Webb and Fulton J. Brown, sen. C. R. Chapman, Barrister The Hon. James Paterson W. Gellibrand, Runholder D. F. Alain, Barrister-at-Law W. J. Burton, Burton Bros. J. R. Jones, Harbor Steam Company Charles Zeilo, Rattray street James Hazlett, Merchant, Clyde John Reid, Eldefslic, Oamaru Robert Gillies, Gillies and Street Donald Reid, M.H.R. C. 11. Howden, Distiller, Cumberland street Charles Reid, Princes street R. Glondining, Ross and Gleudining Dr. Edward Hulme John Douglas, Runholder, slount Royal J, T. V.Tight, Wright, Stephenson and Co. G. F. Reid, Stafford street R. Paterson, Paterson and McLeod R. 51. Robertson, Distiller, Rattray street James Shand, M.P.C. William Barron, Barron, Grant and Co, William Park, Park and Curie George Elliot Barton, Barrister-at-Law AV. D. 51 mason, Editor “Daily Times" Charles De V. Teschcmaker, Runholder, Taipo, Oamaru ' David Proudfoot, Railway Contractor Horace Bastings, 51.P.C. AV. North, North and Scoullar Hugh McNeil, Briscoe and Co. John Bathgate, R. 51. E, B. Cargill, Cargills and slcLeau H. J. Walter, slanso street 11. K. slnrray, Rattray street James Black, Black and Thomson slai-cus Hume, Dunedin James Allen, M.P.C., East Taierl AVilliam Snow, Outram, AVe.st Taieri A. J. Smith, Contractor Thomas Birch, slcrchant Ed. Herbert, slayor of Lawrence Robert Pritchard, Arrow AValter Inder-, Naseby 51. J. Alalagan, Queenstown Job Wain, slan.se street Janies Fulton, R. 51. John Scanlan, Scanlan Brothers, Princes street AVilliam Kennedy, Rattray street The Hon John 51‘Lean, Redcastle, Oamaru 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 Now 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, reservingthe other half to bo disposed of hereafter, as the rapid progress of the Colony may demand and shareholders may decide ; hut in no instance will any of the remaining shares ho offered for sale out of the Colony without having been first offered to the Colonial holders, nor will any but a Now Zealand Register bo kept. 3rd. It is Intended that the Head Office of the Bank shall bo in Dunedin, and that a General Manager of high professional standing shall lie appointed to guide the operations of the Bank ; and also that a Board of qualified Directors shall be elected from among the Committee to advise with the General slanager, and generally watch the interests of the whole Institution. 4th. As soon as a sufficient number of Shares shall have boon applied for to warrant the commencement of business, the Head Office will ho opened in Dunedin, in suitable Premises already secured under offer, and thereafter Branches will gradually he opened in the Chief Centres of Settlement throughout the Colony. sth. It will ho 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, Artizau, and Laboring Classes will each 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 Miuers the slint value of their Gold, whether in large or small quantities, and until such value can ho ascertained, a liberal advance will ho 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 bo prepared to make advances upon it until realised, in the same manner that it will ho ready to do upon wool, grain, or other produce. 7th. The amount of New Zealand money In the hands of the throe Banks from Australia trading in the Colony on the 31st December last, as shown by their several returns furnished to the Government, appear thus, without giving odd numbers; — Deposit. Circulation. Total. Union Bank of Australia ... £870,000'£123,425 £903,425 Bank of New South Wales 560,000 10-1,849 664,849 Bank of Australasia ... 103,000 08,962 231,962 Showing a total of ... £1,890,230 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 their tastes ; or as it may be