Page 4 Advertisements Column 3

New Zealand Times, Volume XXIX, Issue 4137, 24 June 1874, Page 4

Prospectus. PE O S P E C T IT S OF THE COLONIAL BANK OF NEW ZEALAND. Capital... ... ... £2,000,000 In 400,000 shares of £5 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 ; 5s 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 mouths. No further Call will be 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. Pbotisioxal Committee ; The Hon. Mathew Holmes W. A. Tolmie, M.H.K. R. Oliver, M.P.C., Oliver and Ulph Dr Webster, M.P.C., Eunholder J. M. Ritchie, Bussell, Ritchie, and Co. Charles Nichols, Dalgety, Nichols, and Co. James Rattray, Dalgety, Nichols, and Co. J. L. Butterworth, Butterworth Bros. Robert Wilson, K. Wilson and Co. Keith Ramsay, Jetty street George 31. Bell, Kunholder, Southland John 0 Corraack, of Morrison and Company, Blue Spur Captain J. T. Boyd B. C. Haggitt, Provincial Solicitor Alexander Burt, A. and T. Burt C. S. Beeves, M.P.C. James Marshall, Marshall and Copeland James Copeland, Cumberland street W. J. 31. Larnach, Guthrie and Lamach Daniel Campbell, Great King street H. S. Pish, jun., Princes street W. 31. Hodgkins, of Howorth and Hodgkins B, H. Leary, High street J. 11. Harris, Solicitor William Prasor, of Strode and Fraser, Bunholders J. Logan, Eunholder Walter Miller, Eunholder J. A. Connell, of Connell and 3loodie W. X>. Stewart, Barrister M. Price, Dunedin J. S. Webb, Webb and Fulton J. Brown, sen. C. E. Chapman, Barrister The Hon. James Paterson AY. Gellibrand, Eunholder D. F. Alain, Barristsr-at-Law W. J. Burton, Burton Bros. J. E. Jones, Harbor Steam Company Charles Zeile, Battray street James Hazlott, Aferchant, Clyde John Beid, Eklerslie, Oamaru Robert Gillies, Gillies and Street Donald Beid, M.H.E. C. E. Howclen, Distiller, Cumberland street Charles Beid, Princes street B. Glendining, Boss and Glendining Dr. Edward Hulme John Douglas, Eunholder, Alount Eoyal J. T. AVright, AVright, Stephenson and Co. G. P. Beid, Stafford street E. Paterson, Paterson and AfcLeod E. AI. Robertson, Distiller, Rattray street James Shand, M.P.C. William Barron, Barron, Grant and Co. AATlliam Park, Park and Curie George Elliot Barton, Banister-at-Law AY. D. Munson, Editor “ Daily Times ” Charles De V. Teschemaker, Eunholder, Taipo, Oamaru David proudfoot, Railway Contractor Horace Bastings, ALXAC. AY. North, Nor th and Seoullar Hu"h McNeil, Briscoe and Co. John Bathgate, E.AI. E. B. Cargill, Cargills and AlcLean H. J. Walter, Alauso street R. K. Murray, Battray street James Black, Black and Thomson Marcus Hume, Dunedin James Allen, M.P.C., East Taieri AATlliam Snow, Outram, AYest Taieri A. J. Smith, Contractor Thomas Birch, Merchant Ed. Herbert, Alayor of Lawrence Robert Pritchard, Arrow AATilter Inder, Naseby AI. J. Malagan, Queenstown Job AYain, Manse street James Fulton, R.AI. John Scanlan, Scaulan Brothers, Princes street AATlliam Kennedy, Rattray street The Hon John APLean, Eedcastle, Camara AATth power to add to their number. Bakkeus : 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 of the nominal capital or 200,000 shares, in fair proportions to each of the Provinces throughout New Zealand, on the basis of the respeotive populations of each Province, reserving tlie 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 Coloiiy without having been first offered to the Colonial holders, nor will any but a New Zealand Register he kept. 3rd. It is Intended that the Hoad Office of the Bank shall bo 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 be elected from among the Committee to advise with the General Alanagor, 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 Head Office will bo opened in Dunedin, in suitable Premises already secured under offer, and thereafter Branches will gradually be opened in the Chief Centres of Settlement throughout the Colony. sth, It will bo 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 Alining interest, special attention will be 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 bo ascertained, a liberal advance will be made upon any gold deposited for the purpose of coinago. 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 bo ready to do upon wool, grain, or other produce. 7th. The amount of Now Zealand money in the hands of the three 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; — Benosit. Circulation. Total. Union Bank of Australia ... *870,000 £128,425 £903,425 Bank of New South Wales 560,000 104,849 064,840 Bank of Australasia ... 193,000 38,962 231,962 Showing a total of ... £1,890,230 or nearly two millions of money belonging to colonists entrasted to Boards of Directors in Melbourne or Sydney to control or manipulate as it may please their tastes ; or as it may be