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will bo opened in Duncdin, in suitable promises already'secured under offer, and thereafter Branches will gradually be openod >in the chief centres of settlement, throughout the Colony. sth. It will be the chief nim of the Promoters of this Bank to aid and conserve alike the interests of the whole community in llub Colony. The Morcantilp, Trading, Pastoral, Agricultural,"Mining, Ar iean, and Labouring c'asses will each have fair treatment and sup port from the Colonial Bank. To the mining interest special attention ■will be given, with a desire to acquire for the Miners the Mint value of their gold, whether in largo or small quantities, and un'il such mine :can bo ascertained a liberal advance will be mido upon any gold deposited for the purpose of coiinge". 6ih. It is not intended by the Promoters lhat this Bank shall purchase Gold, but" merely be prepared to make advances upon ib until rcalisod, in the same manner that it will bo ready to do upon Wool, Grain, or other, produce. 7th. The amounts of New Zealand Money in the hands of the three Banks from' Australia trading'in the Colony on the 81st December lapt-ns shewn ?by their several returns furnished to the Government, appear thus, without giving 'odd numbers:— Deposits. Circulation. Total. Union Bank of Australia .. £870,000 .. £123,425 .. -6993,425 Bank of New South Wales 560,000 .. 104,849 .. CC4,5140 Bank of Australasia .. .., 193,000 .. 38,962 .. 231,062 Shewing a total of ..* £1,890,230 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 tho good of commerce in Victoria or New South Wales j or for thY beneficial regulation of their exchange opera tions in*those Colonies; -'*•' "-:i- \ "*• Bth. The Promoters, in placing the fore-: going fac's before the people of this Colony 1 desire to point out the very great disadvantages that colonists are: sure to labor under by lending—or rather giving—such a large pum of money as stated above to foreign Bank?, to be lent back to the people here at very high rates of inter'ejjfc, fond on most arbitrary conditions. The/therefore have no hesitation ih suggesting the prudence and wisdom of the colonists keeping within their own domain the absolute control of their own moneys ; as by so doing they will most effectually destroy the risk.of future monetary disturbances, which : t,hey jhave had, on more than one occasion to iieplore in the pasfj- Tiroughtiibdut iolely 'by some crisis that has occurred in one or other of the Australian Colonies, where the real interests ~of the foreign Bank most strongly tak'e.rbo'tf, :, - ■,■■■ •-■-=■■■ t " . y\ *. •; 9th. It has been determined by the/pro.moters that the first issue of 200,000 shares shall be conducted by committees,. to ba appointed .severally in the,chief ; city, of 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 his name.* , 10th. It is proposed at the issue of shares 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 shore be made and payable two months after allot? ment; that a second call of 5s per share be tiade and payable four months after allotment; and that a third call of 5s per share be made and payable fix months after allotment —making together 30s paid up per share. No further call to be made within twelve months of theßanKfirst;eomme'nj3ing;business in Diinedin 5 after which future calls will not exceed 5s per share, nor be made at shorter intervals than three months be! ween each call. ; 11th. The Act of;lncorporation for this Bank will be so framed as to limit the liability of the shareholders to twice theamountof their share?, the same as the other Banks. j 12th. As a thoroughly colonial institution! the proiriote'S have much pleasure in strongly recommending "The Coionial Bank o? New Zbal/AM) " to the support of all colonists having the real welfare of New Zealand at hearts. • Stfch : anl instituiion is much wanted at the present time, and as th? development of the colony proceeds, its usefulness will also increase, and be more and more; appreciated, both as an investment for the savings of the people, and as a v eful Bank. Judging from tho influence and sound experience possessed by the promoting members of committee, it is certain that no similar institution lias ever yet been launched in the! Southern Hemisphsro under better euspices.: ' A deputation of Provisional Directors will visit Auckland in a few dayß,for,tlie 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 Union Bank of Australia arid Bank of Australasia. ' • : FORM OP APPLICATION SHARES.; Date..V;.;;;V.v.V...-J.liS74^ ; TO THE PROVISIONAL COMMITTEE >. OF ' THE COLONIAL BANK OF NEW '< ZEALAND. Gektlemkn, —I hereby make application fpr shares jn the above company, and baud you herewith the sum of £ being tho amount of Five shillings per share deposit on the same j and I agree te tako the said shores, or anyless number that may be allotted to me, ani I further ngrce to cub scribe to the articles of association when required to do co. I nm, Gentlemen, Yours truly, Signature Name in full '.'..'.'. Occipation Address No. Dale received. * The Provisional Committeo have already subscribed an ong themselves for 25,475 share?, which they are.prepared to take if alottcd to them. m 6992 I7YEKY variety of Label for Soda-wat<r Id Manufacturers, in letterpress. Superior dc3i'gns in lithograph, a£ the EyEri^a Stau Office. * ' *• .'^AEDS, Circulars (on note or letter paper). \j in pl.iir. and fancy typo. Carters', Receipts 'prinii-d, Iv""') »nd perforated, ; thp Evening Stab Oflipc, ' •

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https://paperspast.natlib.govt.nz/newspapers/THS18740603.2.20.4

Bibliographic details

Thames Star, Volume III, Issue 1690, 3 June 1874, Page 4

Word Count
973

Page 4 Advertisements Column 4 Thames Star, Volume III, Issue 1690, 3 June 1874, Page 4

Page 4 Advertisements Column 4 Thames Star, Volume III, Issue 1690, 3 June 1874, Page 4

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