Page 4 Advertisements Column 3

New Zealand Times, Volume XXIX, Issue 4141, 29 June 1874, Page 4

Prospectus. PROSPECTUS OF THE COLONIAL BANK OF NEW ZEALAND. Capital £2,000,000 t.. .mn oon ..^ areg 0 f £y each. . to the Public by a first issue of -half, viz., 20,000 shares, To be called up as follows : Five shillings on application ; 10s on allotment ; 5a two months after allotment; 5s four months after allotment; 5s six months after allotment ; which will ai £300,000 paid-up capital at ei_„ ._ . months. No further Call will be 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 three months thereafter. Provisional Committee : The W. A. Tolmic, M.H.R. R. Oliver, M.P.C., Olive. .. Dr Webster, M.P.C., Runholder J. M. Ritchie, Russell, Ritchie, and Co. Charles Nichols, Dalgety, Nichols, and Co. ■Tames Rattray, Dalgety, Nichols, and Co. J. L. Butterworth, Buttorworth Bros. Robert Wilson, R. Wilson and Co. Keith Ramsay, Jetty street George M. Bell, Runholder, Southland John Cormack, of Morrison and Company, Blue SlimCaptain J. T. Boyd B. C. Haggitt, Provincial Solicitor Alexander Burt, A. and T. Burt C. S. Reeves. M.P.C. ■ ATn.vsli:ill. Marshall and Copeland berland street W. J. M.Larnach, Guthrie and Larnach Daniel Campbell, Great King street IT. S. Pish, jun., Princes street W. M. Hodgkins, of Howorth and Hodgkins R. IT. Leary, High street J. H. Han-is, Solicitor AVilliam Eraser, of Strode and Eraser, Runholders J. Logan, Runholder Walter Miller, Runholder J. A. Connell, of Connell and Moodie W. D. Stewart, Barrister M. Price, Dunedin J. S. Webb, Webb and Pulton J. Brown, sen. C. R. Chapman, Barrister The Hon. James Paterson W. Gellibrand, Runholder D. F. Main, Barrister-at-Law W. J. Burton, Burton Bros. J. R. Jones, Harbor Steam Company Charles Zeile, Rattray street 1T dett, Merchant, Clyde jonn iv.eiu, Elderslie, Oamaru Robert Gillies, Gillies and Street Donald Reid, M.H.R. C. R. Howdcn, Distiller, Cumberland street Charles Reid, Princes street R. Glendining, Ross and Glendining Dr. Edward Hulme John Douglas, Runholder, Mount Royal J. T. Wright, Wright, Stermcuson and Co. G. P. Reid, Stafford street R. Paterson, Paterson and McLeod R. M. 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 W. D. Hudson, Editor " Daily Times " ~ Teschemaker, Runholder, am David Proudfoot, Railway Contractor Horace Bastings, M.P.C. W. North, North and Scoullar Hugh McNeil, Briscoe and Co. John Bathgate, R.M. H. J. Walter, Manse street R. K. Murray, Rattray street James Black," Black and Thomson Marcus Hume, Dunedin James Allen, M.P.C, East Taieri William Snow, Outram, West Taieri A. J. Smith, Contractor mi a 3 Merchant erbert, Mayor of Law] Robert Pritchard, Arrow Walter Index-, Naseby M. J. Malagan, Queenstown Job Wain, Manse street James Fulton, R.M. John Scanlan, Scanlan Brothers, Princes street William Kennedy, Rattray street The Hon John M'Lean, Redcastle, Baxkeiis : 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 i determined by th mittee to simply the san the public the present carefully 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 inal cajiital or 200,000 shares, in fair >ns to each of the Provinces through- - Zealand, on the basis of the respective populations of each Province, l ■-■■—•---- the other half to be disposed of here the rapid progress of the Colony may d and shareholders may decide ; but in instance will any of the remaining shar , 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 be kept. ] 3rd. It is Intended that the Head Office of the BanlS shall be in Dunedin, and that a General Manager of high professional standof°the Bank ; and also that a Board of qualified Directors shall be elected from among the Committee to advise with 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 Head | Office will be 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 Prootor.s of this Bank to aid and conserve alike the interests of the whole community in this Colony. The Mercantile, Trading, Pastoral, A'Ticultural, Mining, Artizan, and Laboring in.. rfc from the Colonial Bank. To the Mining tercst, special attention will bo given, with .. desire to acquire for the Miners the Mint value (jf their Gold, whether in largo or small quantities, and until such value can bo ascertained, a liberal advance will bo made uj ny gold dej I °Gth. It is not intended by the Promoters I that this Bank shall purchase Gold, but merely be prepared to make advances upon it until realised, in the same manner that it will be ready to do upon wool, grain, or other ! produce. 7th. The amount of New Zealand money in the hands of the three Banks from Australia I 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; — Doposit. Circulation. Total. Union Bank of Australia ... £870,000 £123,425 £993,425 Bank of New South Wales 560,000 104,849 004,849 Bank of Australasia ... 193,000 38,902 231,902 Showing a total of ... £1,890,230 1 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 ho