Page 2 Advertisements Column 3

Thames Advertiser, Volume VII, Issue 1830, 3 June 1874, Page 2

Bank as it may please their'.tastes; or as it may be convenient for the good of commerce in Victoria or New Wales; or for the beneficial regulation of their exchange operations in those Colonies. Bth. The promoters, in placing the foregoing facts before the people of this colony, de.'ire to point out the very great disadvantages that colonist* are sure to labour under by lending or rather giving—such a large sum of money as stated above to foreign Banks, .to be lent back to the people here at very high rates of interest, and on most arbitrary conditions. They therefore have no hesitation in suggesting the prudence and wisdom of the colonists keep-, ing within their, own domain the absolute control of their own.moneys as by doing so they will most effectually destroy the risk of future monetary disturbances, which they_ha?e bad on more than one occasion to deplore in the past, brought about solely by some crisis that has occurred in one or other of the Australian Colonies, where the real interests of the foreign Bank most strongly take root. 9th. It has been dtt- rmined by the promoters that the first issue of 200,000 shares shall be conducted by committee's, to'' be appointed severally in the chief city in each province; and no shares will be given or reserved to the promoters; but each member of the Provisional Committee is willing to become a subscriber for the number of shares standing opposite to his name *

I 10th, It is proposed at the issue of Bhares above referred to that 5s per share be paid on application; that 10s per share be paid on. allotment; that a call of 5s per share be made and payable two months after allot- [. ment; that a second call of 53 pershare be made and. payable four months after allotment; and that a third call of 5) per share be made and payai-le six months after allotment—making together 30s paid up per share. No further call to be made w thin twelve months of the Bank first commencing business in Dunedin; after which fmure calls will not exceed 5s per share,'nor be made at' shorter-intervals than three months between each call. 11th The Act of Incorporation for this Bank will be so framed as to limit the liability of. the shareholders to twice the amount of their shares, the same as the other Banks. • 12th. As a thoroughly colonial institution the promoters have much pleasure in strongly recommending "The Colonial Bank of New Zealand " to the support of all colonists having the real welfare of New Zealand at heart. Such an institution is much wanted at the present time, ,and as the development of the Colony proceeds its usefulness will also increase and be more and more appreciated, both as an investment for the sivings of the people, and as a useful Bank. Judging from the influence and sound experience possessed by the promoting members of committee it is certain that no similar institution has ever yet been launched in the .Southern ilemisphere'under better auspices. A deputation-of. Provisional Directors will visit A uckland in.a few days for the purpose of co-operating with a local Provisional Committee. Meantime forms of■ application for, shares may be obtained, and applications may be lodged with the Onion Bank of Australia and Bauk' of Australasia, FORM OF APPLICATION,FOB SHARES. Date ..1874. ■ TO THE PROVISIONAL COMMITTEE. OF THB COLONIAL BAM OF NEW ZEALAND Gentlemen,—l hereby make application for shares in the above company, and hand you herewith the sum of £ , being the amount of Five Shillings per share deposit on the same; and I agree to take the said shares, or any less Dumber that rnay be allotted to me, and I further agree to subscribe, to the articles, of association.when required' t'o do so. ' ■ I am, Gentleman, Yours truly, Signature I Name in Pull Occupation . Address....! No, • - Date received — , - *The Provisional Committee have already subscribed among themselves for 25,475 shares, which they are prepared to take if allotted to them. "Clothing, &o.'' CASH PALACE, BETIEING FEOM THB EETAIL. J. COSGRAVE AND CO. AM GIVING UP their RE PAIL "'BUSINESS in Grahamstown..' • > k 1 A SALE: ■ . OF ' BOOTS AND CLOTHING WILL BE HELD AT THE CASH PALACE, ALBEET-STIJEET, : ON SATURDAY, ■ H APRIL, Ard will continue until fclio Entire Stick is disposed of,