Page 4 Advertisements Column 3

Colonist, Volume IV, Issue 399, 20 August 1861, Page 4

Stistcllmieflusr NOTICE. IN consequence of an ALTERATION in the DELIVERY of the COLLINGWOOD OVEKLAND MAIL, the Contractor for the same will leave the Royal Hotel, Nelson, Eyery Monday Morning, at Eight o'clock. 516 PAUL SPANGER. KirXß SKOOTXVa. j'HRBB PRIZES will be given by *- No. 6 Company Rifle Volunteers, Waimea East. To be SHOT FOX on MONDAY, the 2nd of September next, at Richmond. The first prize will b& £6. „ second „ „ £4. „ third „ „ £2. All members of this Company from the elate of its formation wil) be eligible to conpete for these prizes 'ree; also all Volunteers of this Province by paying an entrance fee'of FIVE;SHILLINGS. All competitors will please send in their najies to the undersigned before the 30th of August. The rules and regulations the same as those adopted for the Government Prizes. G. T. SPARROW, 883 Captain. fHARLES W. MANBY, Vy vsiofessob or music, HILLFIELD HOUSE, BRONTI-STREET, 662 . Kelson. TBUSH, CABINET-MAKER, • UNDERTAKER,- <fee., Nile-street, Waimea-Road. 492 DANIBX. MOOKS, AUCTIONEER and COMMISSION ■*■*• MERCHANT, ! Trafalgar-street, Neljion. 817 BXOTCATZOir. MISSBIGGS continues her »;iily Classes for Children, SURIIEY COTTAGE, WAIMEA KOAD. 82^ WEBSTER BROTHERS, »f LICENSED CUSTOMS, SHIPPING, and GENERAL COMMISSION AGENTS, New Plymouth, New Zealand, 198 To be Rattled for, A FOUR-WHEELED PHAETON with Pole and Shafts complete. Can be seen at I. Fbeeth's Stables, Hardy-street. Due notice will be given of the time and place of raffling; the members to consist of fifty, at £1 each.; Raffle papers will be placed at the Masonic Hotel. 645 rpHE BANK OF NEW ZEALAND. To be incorporated by an Act of the General Assembly, or by Charter limiting the liability of Shareholders. Capital* £.500,000, in Shares of £1O eacb. Paid-up Capital, £250,000. PRELIMINARY DEPOSIT 2s. 6d. PER SHARE. A payment of 17s. 6d. per ahare on signing the deed of settlement; a further payment of 20s. per share three months after signing the deed of settlement ; the balance of 60s. per share, making the total 50 per cent, if required, in calls at intervals of not less than three months thereafter, and on notice. To be conducted by a Board of Directors—say seven in number—who shall elect from among themselves two Directors, to advise with the Local Manager, as required. The Board to have a general control of the Bank's operations. . PROVISIONAL TRUSTEES. I Auckland: J. Logan Campbell, T. Henderson, J. j O'Neill, T. Russell, James Williamson, Esqrs. Wellington : A. D. Buandon, W. B. KnoDrt, Esqrs. __ Nelson: H. E. Cuutis, Esq., Hon.E. W. Stafford. .'■ Canterbury: Hon. F. A. Wkld, J. Craceoft Wilsox, Esq. ' . Otago: E. SrcGnsHAN, J. Jonbs, Esqrs. Eawke's Bay: J. Watt, Esq. Wanganui: Marlborough: W. H. Eyes, J. Sinclair, Esqrs. Taranaki: Southland: . . . : It is manifest to those who have directed attention to the subject, that the Banking establishment* in New Zealand have derived immense profits which are payable entirely to a foreign proprietary,/roni a trade CARRIED ON WITH THE FUNDS OF THE COLONISTS J ft eiri cumstunce which must lead to the consideration whe- , ther the Colonists of N«w Zealand are not now in a position to enjoy, and entitled toreeeive, whatever advantages can be derived from the employment of their own capital. Another consideration which should unite the Colonists of New Zealand in an effort, to establish a New Zealand Bank, is this, no Foreign Bank will study the interests of New Zealand; but the interests of such an establishment are regarded as paramount; the New Zealand branches being of necessity made to feel the effects of financial pressure in other colonies, and I accommodation is given or refused; frequently, not according to the requirements of the Bank's customers in New Zealand, but measured by the Bank's engagements and necessities elsewhere; A New Zealand; institution would not be disturbed by these influences: its capital would be specially devoted to new Zealand interests. ■ • ' ': ■ ■ i ,;A reference to the Bank returns, published periodically in the Government Gazettes of. the colony, will show the very large profits made from the. Deposits of ■ the Colonists. What.foreign/Banks have for many years done for us with our own funds, we now propose to do for ourselvesi by local effort and management. It isj therefore, proposed to establish on a broad and 'permanent basis a Banking Institution capable of doing the present Banking business of New Zealand, and snsceptible of expansion with a view to meet the requirements of that prosperous future which it is believed will certainly and shortly be realised for New Zealand. To accomplish this desirable result—to secure the bulk of the deposits now held by foreign Banks— and to give to the public an institution worthy of confidence —it is proposed that the capital shall be 50,000 shares of £10 each... This amount it is conceived will be more than ample to secure the confidence of the public, and of any foreign Banks with whom it may be desirable or necessary to have transactions. One-half of the subscribed capital to be called up as follows:— 2s. 6d. per share on application. 17s. Cd. per share on signing the Deed of Settle- j ment, 20s. per share 3 months thereafter, and the remaining 60s. per share l»y calls at intervals of not less than three month?, and of which three months' notice shall be given. In no case the call to exceed jgl per share. No further calls to be made without the consent of three fourths of the proprietors present at a meeting specially convened for that purpose. The shares hav6 been fued at the moderate sum of £\O, with a view of enabling all classes of the community to identify themselves with the monetary: interests of the country. , ' i Branches of the " Bank of New Zealand " wilj be established in every town of importance in the Colony. Each Branch to be manßgod by a Local Manager appointed by the General Boaid, and two Directors, chosen by the resident local proprietary, when the local proprietary represent a capital of £40,000 in the Bank, until which time such Directors to be appointed by the General Board. In London there will be a Board of Direction and Secretary ; and it is anticipated that a sufficient number of influential Colonists, shareholders in the Bank will always be found resident in London to form such Board. Arrangement with some desirable English Bank will be made for effecting Exchange. : The " Bank of New Zealand '• will make advances upon Bills of Lading, Bonding Warrants, and other legitimate securities. ; It will be the object of this Bank to render all possible accommodation and facilities consistent wicli its proper functions to th« merchant, settler, storekeeper and fanner. The Balance Sheet of the Bank will be made up every half-year, say on the 30th June and 31st December, a«<i forwarded to each proprietor, together