Page 4 Advertisements Column 5

New Zealand Times, Volume XXIX, Issue 4152, 11 July 1874, Page 4

Prospectus. R O P EOT U S 'the colonial bank of new ZEALAND. Capital... ... ... £2,000,000 In 400,000 shares of £6 each. To be offered to the Public by a first issue of one-half, viz., 20,000 shares, To he 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 cajiital 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 : The Hon. Mathew Holmes W. A. Tolmie, M.H.E. B. Oliver, M.P.C., Oliver and Ulph Dr Webster, M.P.0., Bunholder J. M. Ritchie, Russell, Ritchie, and Co. Charles Nichols, Dalgety, Nichols, and Co. James Rattray, Dalgety, Nichols, and Co. J. L. Butterworth, Butterworth Br6s. Robert Wilson, E. Wilson and Co. Keith Ramsay, Jetty street George M. Bell, Bunholder, 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. Larnach, Guthrie and Larnaoh Daniel Campbell, Great King street H. S. Fish, jun., Princes street W. M. Hodgkins, of Howorth and Hodgkins B. PI. 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 Moodie W. D. Stewart, Barrister M. Price, Dunedin J. S. Webb, Webb and Fulton J. Brown, sen. C. E. Chapman, Banister 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 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 E. Gleudining, Ross and Glendining Dr. Edward Hulme John Douglas, Runholder, Mount Royal J. T. Wright, Wright, Stephenson and Co. G. F. Reid, Stafford street E. 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 ” Charles De N. Teschemaker, Runholder, Taipo, Oamaru David Proudfoot, Railway Contractor Horace Bastings, M.P.C. W. North, North and Sooullar Hugh McNeil, Briscoe and Co. John Bathgate, R.M. E. B. Cargill, Cargills and McLean H. J. Walter-, Manse street E. 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 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 William Kennedy, Rattray street The Hon John M‘Lean, Eedcastle, 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 Coloal Banking Institution for the whole Colony ■ New Zealand having been long felt, it has icn determined by the Provisional Comittee to supply the same by placing before te public the present carefully considered iherae, with the full confidence that it will .eet with very general support. 2nd. As a first step, it is proposed to offer I the people of this Colony one half of the jminal capital or 200,000 shares, in fair ■oportions to each of the Provinces throughit New Zealand, on the basis of the respecve populations of each Province, reserving ie other half to he disposed of hereafter, as te rapid progress of the Colony may demand id shareholders may decide; hut in no istanoe will any of the remaining shares > offered for sale out of the Colony without wing been first offered to tbe Colonial olders, nor null any but a New Zealand .egister be kept. 3rd. It is Intended that the Head Office of ie Bank' shall he in Dunedin, and that a eneral Manager of high professional standig shall be appointed to guide the operations : the Bank ; and also that a Board of quali--3d Directors shall be elected from among the ommittee to advise with the General Mana- ., and generally watch the interests of the lole Institution. Ith. As soon as a sufficient number of ares shall have been applied for to warrant s commencement of business, the Head ice will bo opened in Dunedin, in suitable emisos ab-eady secured under offer, and ireafter Branches trill gradually be opened the Chief Centres of Settlement throughout ; Colony. 3th. It trill be the chief aim of the Prefers of this Bank to aid and conserve alike : interests of the whole community in this louy. Tin? Mercantile, Trading, Pastoral, Mining, Artizan, and Laboring vsses trill each have fair treatment and supi•t from the Colonial Bank. To the Mining ;erest, special attention trill he given, with iesiro to acquire for the Miners the Mint ue of their Gold, whether in large or small mtities, and until such value can bo ascorued, a liberal advance trill he made upon j gold deposited for the purpose of coiuth. It is not intended by the Promoters i this Bank shall purchase Gold, hut ■ely be prepared to make advances upon intil realised, in the same manner that it be ready to do upon wool, grain, or other b. The amount of New Zealand money in lands of the three Banks from Australia ng in the. Colony on the 31st December as shown by their several returns furid to the Goverumeut, appear thus, withfiring odd numbers; — Deposit. Circulation. Total. on Bank of ustralia ... k of New )uth Wales k of Autalasia 660,000 104,849 66^4,849 193,000 38,962. 231,962 Showing a total of ... £1,890,236 :arly two millions of money belonging to lets entrusted to Boards of Directors in oume or Sydney to control or manipulate may please their tastes ; or as it may be mient for the good of commerce in Nicer New South Wales ; or for the bonefi■egulation of their exchange operations in Colonies.