Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image

20s. per share 3 months thereafter, and the remaining 60s. per share hy calls at intervals of not less than I three months, and of which three months' notice shall be given. In no case the call to exceed Ml per share. No further calls to be made without tb r consent of three fourths of the proprietors preseift at a meeting specially convened for that purpose. The shares have been fixed at the moderate sum of £10, with a view of enabling all classes of the conimunity to identify themselves with the monetary interests of the country. Branches of the '• Bank of Now Zealand" will be established ih every town of importanco in the Colony. Each Branch to be managed 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 ouch Directors to bo 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 secmities. ■ It will be the object of this Bank to render all possible accommodation and facilities consistent wich its proper functions to the merchant, settler, storekeeper and farmer.. The Balance Sheet of the Bank will be made up every half-year, say on the 30th June and 31st December, and forwarded to each proprietor, together with the Directors' Beport, prior to the half-yearly meetings, at which the Dividend will be declared. I Trustees to be named provisionally to appoint the necessary officers—to cause the Prospectus to be pubiished and circulated—to receive applications for shares—to allot shares—to open Banking accounts— to receive and apply the deposit of 2s. 6d. per share in payment of preliminary expenses—to prepare the Deed of Settlement for execution of subscribers—to receivethe further sum of 17s. 6d. par share, payable on signing the Deed of Settlement, and to convene a meeting of qualified subscribers after one-half of the ares shall have been allotted, for the purpose of enabling such subscribers to elect the first Board of Directors, of which meeting due notice is to be given in one or more local papers. After the election of the Board of Directors, and transfer of Balance of Account to them, the duties of the Trustees shall cease. The qualification for voting at the election of the first Board of Directors, or of becoming candidates for seats at such board, shall be the payment of the preliminary deposit of 2s. 6d. per share, and the further sum of 17s. 6d, per share, and the execution of the Deed of Settlement, before the meeting to be convened by the Trustees for the election of such Board, Any duly qualified subscriber for 200 shares, who shall "have given to the provisional secretary at least seven days notice in writing of such his intention, shall be eligible as a candidate for a seat at the Board, and all qualified subscribers shall be eutitled to vote in proportion to the number of their shares, accordiug to the following scale, viz., For 5 shares, 1 vote. 12 shares, 2 votes. 25 shares, 3 votes. 50 Bhares, 4 votes. And 2 votes for every additional 50 shares. Upon the application for shares there shall be paid to the Trustees a deposit of 2s. 6d. per share to be applied iv defraying the preliminary expenses, but such applicants as shall not qualify to vote as herein before mentioned by the payment of the further sum of 17s. Gd. per share, and by signing the Deed of Settlement, shall not be required to execute the said Deed of Settlement until after the election of the first Board of Directors, and should such applicants decline or neglect to pay the said further sum of 17s. 6d. per share, and to execute such Deed of Settlement aftei such Election and notice given by the Directors in one or more local newspapers for a period of 14 days, then such applicants shall be deemed and declared to have forfeited the said deposit of 2s. 6d. per share and all interest in the said Bank, and shall not at any future lime be allowed to execute the said Deed of Settlement in respect of such shares so allotted to them, and all liability of such applicants in respect of such shares shall thereupon cease, and such shares may be re-allotted to other applicants. It is proposed to reserve at least 10,000 shares for sale in England. Applications for shares, accompanied by the deposit of 2s. Gd. per share, to be made in the following form and addressed to the Provisional Trustees at the New Zealand Insurance Company's office, Fraser's Buildings, Auckland ; or to Messrs. CURTIS BROTHRIIS, kelson, who are authorised to receive the same. FORM OF APPLICATION. To the Trustees of the Bank of New Zealand. Gentlemen —I request you will allot me shares in the above Bank, and I hereby agree to accept that or any less number which may be allotted to me upon the terms mentioned in the published prospectus. Name of applicant: Profession or business: Residence: Number of Shares : Signature: Dated the day of 1861. 876

COLONIST PRINTING OFFICE, WAIMEA-STREET, NELSON. POSTERS, HANDBILLS* PAMPHLETS, RECEIPTS, PRICE LISTS, LABELS OF ALL KINDS, CARDS, BILLHEADS, AND EVERY OTftER DESCRIPTION 03? PRINTING, JLJtlitau 1 jutlJ W JLJt Jut xViLclJt JSt JBiiafil OS JUXaJb ilx tsii ON MOST REASONABLE TERMS. ROBERT BURN; TINSMITH, &c, TRAFALGAR-STREET, NELSON, has just received, per Sir George Pollock, a number of SEAMLESS MILK PANS, together with a large assortment of articles suitable for DAIRY, KITCHEN, AND GENERAL PURPOSES. Builders and others can now be supplied with SHEET AND PERFORATED ZINC at the lowest possible prices for cash. Also, and ZINC GUTTERTNG AND REPAIRS executed with the utmost promptitude in town or country. R. 8., in drawing attention to the new stock of Goods just received, and in guaranteeing them as the BEST EVER IMPORTED, trusts that the, character he has acquived in Nelson, as a Tinsmith, during the last twelve years, will be a suflicient warranty for its truth. Ud

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TC18611022.2.26.2

Bibliographic details
Ngā taipitopito pukapuka

Colonist, Volume IV, Issue 417, 22 October 1861, Page 4

Word count
Tapeke kupu
1,071

Page 4 Advertisements Column 2 Colonist, Volume IV, Issue 417, 22 October 1861, Page 4

Page 4 Advertisements Column 2 Colonist, Volume IV, Issue 417, 22 October 1861, Page 4

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert