Page 4 Advertisements Column 4

New Zealand Times, Volume XXIX, Issue 4151, 10 July 1874, Page 4

Prospectus. Prospectus OP THE COLONIAL BANK OP NEW ZEALAND. Capital,,. ... ... £2,000,000 In 100,000 shares of £5 each. To be 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 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 : Tlie Hon. Mathew Holmes W. A. Tolmie, 3M.H.R. E. Oliver, M.P.C., Oliver and Ulph Dr Webster, M.P.C., Runholder J. M. Ritchie, Russell, Ritchie, and Co. Charles Nichols, Dalgety, Nichols, and Co. James Rattray, Dalgety, Nichols, and Co. J. L. Butterworth, Butterworth Bros. Robert Wilson, R. Wilson and Co. Keith Ramsay, Jetty street George M. Bell, Runholder, Southland John Corinaok, of Morrison and Company, Blue Spur Captain J. T. Boyd B. C. Haggitt, Provincial Solicitor Alexander Burt, A. and T. Burt O. S. Reeves, M.P.C. James Marshall, Marshall and Copeland James Copeland, Cumberland street W. J. M. Larnach, Guthrie and Lamaeh Daniel Campbell, Great King street H. S. Pish, jun., Princes street W. M. Hodgkins, of Howorth and Hodgkins R. H. Leary, High street J. H. Hams, Solicitor William Praser, of Strode and Praser, 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. P. Main, Barrister-at-Law W. J. Burton, Burton Bros. J. R. Jones, Harbor Steam Company Charles Zeile, Rattray street James Hazlett, Merchant, Clyde John Reid, Elderslie, Oamaru Robert Gillies, Gillies and Street Donald Reid, M.H.R. C. R. Howden, Distiller, Cumberland street Charles Reid, Princes street R. Glendining, Ross and Glcndining Dr. Edward Hulrne John Douglas, Runholder, 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 Shand, M.P.C. William Barron, Ban-on, Grant and Co. William Park, Park and Curio George Elliot Barton, Barrister-at-Law W. D. Murison, Editor “ Daily Times ” ' Charles De V. Tesehemakcr, Runholder, Taipo, Oamaru 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 11. J. Walter, Manse street R. K. Murray, Rattray street James Black, Black aud Thomson Marcus Hume, Dunedin James Allen, M.P.C., East Taicri William Snow, Outram, West Taieri A. J. Smith, Contractor Thomas Birch, Merchant Ed. Herbert, Mayor of Lawronco Robert Pritchard, Arrow Walter Inder, Naseby M. J. Malagan, Queenstown Job Wain, Manse street James Pulton, R.M. • John Scanlan, Scanlan Brothers, Princes street William Kennedy, Rattray street The Hon John M'Loan, Rodcastle, Oamaru With power to add to their number. 1 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 null meet with very general support. 2nd. As a first stop, 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 tho Colonial holders, nor will any but a New Zealand Register be kept. 3rd. It is Intended that the Head 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 ; arid also that a Board of qualified Directors shall bo elected from among the Committee to advise with tho General Manager, and generally watch tho interests of tho whole Institution. 4th. As soon as a sufficient number of Shares shall have been applied for to warrant the commencement of business, tlie 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 tho Colony. sth. It will bo the chief aim of tho Promoters of this Bank to aid aud conserve alike the interests of the whole community in this Colony. Tho Mercantile, Trading, Pastoral, Agricultural, Mining, Artizan, aud Laboring Classes will oacli have fair treatment and support from the Colonial Bank. To tho Mining Interest, special attention will ho 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 bo made upon any gold deposited for the purpose of coinage. Gth. It is not intended by tho 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. Tho amount of New Zealand money in tho hands of the three Banks from Australia trading in the Colony on tho 31st December last, as shown by their several returns furnished to tho Government, ajipcar thus, without giving odd numbers;— Deposit. Circulation. Total. Union Bank of Australia ... Bank of Now South Wales Bank of Australasia £870,000 £123,423 £093,425 500.000 104,840 004,840 103.000 38,062 231,002 Showing a total of ... £1,890,236 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 convenient for tho good of commerce in Victoria or New South Wales ; or for tho beneficial regulation of their exchange operations in those Colonies.