will bo opened in Dunedin, inT BuitabW- pre-S mises already secured under offer, and thereafter Branches will gradually bo opened in;, the chief centres of settlement throughout the' Colony. slh-r It will bethechief aim of the Promo* •tcri.ofAhit Baijk.itovaid?and- cfen^ervp alike i the interests of the whole community in tliisTrading, rPaßtoral, I Asfcultural,<Minirig, Ar'isan, and Labouring,, classes will each hare fair treatment and sup;., port from the Colonial Bank; rlo tfoemmjng. interest special attention; yilLb^ giyen.jwth 'a desire to acquire for the -Miners the Mint ! value of theic gold,: whether in large, .or.-small ' quantities^jand until such; Value, can be;aßcer-; tamed a liberal advance "will Be made upon iany gold deposited for the purpose of coinage. ! "6th. It is iiqt intended by- the Promoters ! iliat this Back: sKall purchase Gold,; but i mere'.y be.prepared to. make,advances upon, ;ife\intil realised, i;in:the'Baitie manner -that it ;will bo ready (o.do upqn Wool, Grain, or I other produce. ---'-'• ■'■'■■■■'■■■. - : 1 7th. The amounts of Few Zealand Money lin the hands of the three Banks from \ Australia trading in *tlie Colony on'Sho 81^1 ■ December; last, as, gftewn .by" their' several ; re! urnV furnished to the (JovMnment, ~ appear. I thus, without.giving odd numbers :—?.;... !. - '■■■■; .- .Deposits.- Circulation. Total. , ! USS^I :i i4p£. »■: £993,425 ; • '■■' '560,000 7; ~i 104,849 I". 664,849' Bank of Austr(t- .;'■.. -■" -' :/i\, MB^. lasia . ■, V^vl.-. 193,000-,.. . .38,962;;.. -231,962 ."""■"■ shewing-a total of .*. £1,890,236 orVnenrly two"^millions of moneybelonging to colonibts entrusted to Boards of Directors in; Melbourne- or Sydney to control or ma_nipu- ; late: as:it-may please their tkstes; of as it may be convenient for the good of commerce in' Victoria or New South Wales: j ror for the beneficial regulation of their exchange operas tions in those Colonies. -\ ■ ' Bth. The Promoters, in placing the fore-, going'lac's before the people of this Colony 1 ; desire: to point out 1 the'very great disadvantages that colonis's are sure to labor under by lending—or rather, giving—such a large sum of money as: stated above to foreign Batiks, to be lent back to the people here at very high rates of intereßV and on mp?t arbitrary conditions. They therefore have no hesitation in suggestirig the prudence and wisdom; of the colonists keeping within their own domain the absolute, control of their own moneys ; ns by so dbingthey will most effectually destroy the risk of future monetary disturbances,, wtiich they have had 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. Ifc Ha^s been determined by, the promoters that the first issue of. 200,000, shares shall be conducted by committisesj to be appointed severally in the chief city of each ! province/ irid no shares will -be given or ■ reserved to the promoters ; but each member of tho 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;ss per Bhare.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 allotment ;. that a second call of 5s per Bhare be : reade and payable four months after allot- ; ment; and that a third call of 5s per share; ; bemade and payable six monthßafter allotments I -^-making together 30s paid up per share. No ) further call to be made within twelve months of \ the Bank first commencing business in Duneidin -after which future calls will not exceed 5s 'share; nor be• made at shorter intervals ■ thari three months between each call., r; ! : lßh. The ;Act of Incorporation, -for this Bank will be so framed as to limit the^iability ! of the shareholdi rs to twice theamountof theirishare?, the same as the other Banks. : 12t1i.: As a; thoroughly eolbnial'institution, ;the promoters have muchpleasureinßtrbngly irecommending "The Cozohiai Bank of llTew ZiAhAVD " to the support ofcall colonlists having the real welfare of New Zealand ■ [at heatt. Such-, an 'institution =is fJmuch: 'wanted at the present time, aind.as tho^deve*' lopmeat of the colony proceeds, its usefulness will ako increase, and be more and more appreciated, both as an investment for the savings of the people, and as fa -,u»eful Bank. from the and sound, ex-! iperience pof seseed by tho promoting members of committee, it is certain that no similar institution has ever yet been launched in the Southern Hemisphere under better.auspices.,. ; A deputation of Provisional Directors will .visit Auckland in a few days for the purpose :of co-operating with a local Provisional ■Committee.* ; Meantime fornasrof application 'for shares may be obtaincdi, and applications may be lodged with the Umon Bank of Australia and' Bank of Australasia. ;FOEM OF APPLICATION FOB SHARES. : ;; ; ; d Date...;...-,.:.W, ■.1874. ! TO THE PROVISIONAL COMMITTEE '■ THE COLONIAL BANK OF NEW ! '"' i! * ' "'■ 'v ■-: ZEALANi)i f '■■ '-■' ■"■ r-> '• ■ : ' GrEKTLEMEN,— 1! 1 hereby iriaio. application for Ehai'es in the above- company, and haEd you herewith the-sum of £ ?beh:g theamountof Five shillings per share deposit on tire same; and I agree to take the ; eaid shares, or any less number that may be allotted to me, and I further ogree to sub • scribe to the articles of association when required to do so. I am, Gentlemen, Yours truly, Signaturo Name in full :. Occupation Address No. - Dale received. * The Provisional Committee have -already subscribed airong themselves for 25,475 share?, which they are prepared to take if a'lolted to them. . ' m 6992 I^VERY variety of Label for Soda-water jj Manufacturers, in letter-press. Superior designs in lithograph, at the EVBKINO Stab Office. s /^IARDS, Circulars (on note or letter paper) \J in plain and fancy type. Carters' Receiplß printed, bound and perforated, the \L\ EKiifa Stab Office.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THS18740610.2.19.3
Bibliographic details
Thames Star, Volume IIII, Issue 1696, 10 June 1874, Page 4
Word Count
954Page 4 Advertisements Column 3 Thames Star, Volume IIII, Issue 1696, 10 June 1874, Page 4
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.