Page 4 Advertisements Column 5

New Zealand Times, Volume XXIX, Issue 4153, 13 July 1874, Page 4

Prospectus. 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 be called up as follows : Five shillings on aiwlication ; 10s on allot- .__* . e_ j...... «... a ft el . allotment; 5s dent; 5s six months nount to £300,000 paid-up capital at end of six months. " " '■■ - " -'1 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 COMMTTEE : . The Hon. Mathew Holmes W. A. Tohnie, M.H.R. R. Oliver, M.P.C., Oliver and Ulph. Dr Webster, M.P.C., Runholder J. M. Eitchie, 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 Connack, 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 Larnach Daniel Campbell, Great King street es street ' iworth and Hodgkins at [arris, Solicitor ~u u. ~u 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 Fulton J. Brown, sen. C. R. Chapman, Barrister The Hon. James Paterson W. Gellibrand, Runholder D. E. Main, Barrister-at-Law W. J. Burton, Burton Bros. J. R. Jones, Harbor Steam Company Charles Zeile, Rattray street Jame 3 Hazlett, Merchant, Clyde Johu 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 Glendining Dr. Edward Hulme John Douglas, Runholder, Mount Royal J. T. Wright, Wright, Stephenson and Co. G. F. Reid, Stafford street R. Paterson, Paterson and MoLeod 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. Murison, Editor " Daily Times " Charles De V. Tesehemaker, Runholder, Taipo, Oamaru David Proudfoot, Railway.Contraotor 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 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 Thomas Birch, Merchant Ed. Herbert, Mayor of Bawrenee Robert Pritehard, 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, 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 New Zealand having been long felt, it has been determined by the Provisional Con mittee to supply the same by placing befoiw the public the present carefully considered scheme, with the full confidence that it will meet with very general suppoi-t. 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 shar— "- r - : - proportions to each of the Provinc, . out New Zealand, on the basis of the respective populations of each Province, reservin;the other half to be disposed of hereafter, a 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 the 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 prof. — : ' "<■--"'■ ing shall be appointed to guide „..., „ r ~... of the Bank ; and also that a Board of qi fled Directors shall be elected fi Committee to advise with the G gery and generally watch the interests of the , whole Institution. I 4th. As soon as a sufficient number of Shares shall have been applied for to wan-ant j 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 be the chief aim of the Promoters of this Bank to aid'aud conserve alike the interests of the whole community in this Colony. The Mercantile, Trading, Pastoral, Agricultural, Mining, Artizan, and Laboring Glasses will each have fair treatment and support from the Colonial Bank. To the Mining " ' ';, special attention will be given, with j to acquire for the Miners the Mint value of their Gold, whether in large or small quantities, and until such value can be ascertained, a liberal advance will be made upon any gold deposited for the purpose of coinage. (ith. It is not intended by the Promoters that this Bank shall purchase Gold, but merely be prepared to make advances upon it until realised, m 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 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 £123,125 £993,125 Bank of New South Wales 500,000 101,849 : 001,819 Bank of Australasia . ... 193,000 38,902 231,902 Showing a total of ... £1,590,23G 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 the good of commerce in Victoria or New South Wales ; or for tho benefi- -*-' -igulation of their exchange operations in Colonies. •