Page 1 Advertisements Column 2

Otago Witness, Issue 16, 6 September 1851, Page 1

GREY SEA-STONE LIME. rpHE Subscribers regret that hitherto they JL have been unable to turn out Lime in quantities to meet the current demand, and they have now to intimate that they are erecting a large Draw Kiln, on very superior rock, in the immediate vicinity of Dunedin ; where, by an improved system of manufacture, they will be able to turn out daily 150 bushels of this valuable Cement and Manure, of the best quality, and at considerably reduced prices. D. & J. MACANDREW. LIME! LIME!! LIME!!! /CAPTAIN BLACKIE respectfully requests yj Builders, Farmers, and others to inspect the Lime turned out from his Kiln at Pleasant Villa, Caversham Vale, which he confidentlyrecommends, and feels certain only requires a trial to ensure it that success and extensive use its superior qualities entitle it to. Present Prices : —at the Kiln, 9d. per Bushel ; and Is. per Bushel at the Store of ANGUS MATHESON. A& B CUSTOM-HOUSE FORMS for Sale at the " Otago Witness " Office.

BANK OF OTAGO. A MEETING of those who have applied for -£*. Shares will be held at the CountingHouse of Messrs. James Macandrew & Co., Dunedin, on Saturday, 13th September, (being this day week) at 3 o'clock in the afternoon, for the purpose of revising the Prospectus, and thereafter of electing interim Directors, with power to allocate the Shares ; to prepare a Draft Deed of Settlement to be laid before a subsequent Meeting ; and to make all other arrangements for the Bank being duly constituted and opened at an early date. IN THE SUPREME COURT OF NEW ZEALAND. In the Estate of Robert Scott, of Dunedin, Otago, Boatman, Deceased, Intestate. PURSUANT TO THE RULE of this honorable Court, the Creditors of the above named deceased are, on or before the First Day of October next, to come in and prove their debts before Edward McGlashan, Esquire, Registrar cf the said Court, at. the Court House, Dunedin, as, in default thereof, they will be peremptorily excluded from all benefits arising from the said Estate. EDWARD MeGLASHAN, -Registrar.

JT> T& fiTl C 5?C 5 ? T?) TQfik 'if 1 Jin I?? THE OTAGO BANKING COMPANY. CAPITAL, £20,000, in Shares of £10 eaoh. THE establishment of JOINT STOCK BANKS in the various principal Towns and Districts of Scotland, has produced the happiest effects, by affording the means of promoting the Agriculture, Manufactures, and Commerce of the country. Of all descriptions of business— -that of Banking — when conducted on correct principles, is the most lucrative ; inasmuch as it partakes of the profits of trade from all classes of the community, under a greater security from bad debts, or absolute loss, than any other. Accordingly, for some years past, the stocks of the Scotch Banks have been much sought after as investments, both by landed proprietors and by capitalists, in and out of active business. The growing facility and prospective extent of Commercial intercourse, and the rapid increase of Pastoral amd Agricultural Produce of the Colony of Otago, with the fisheries which may, and doubtless will, be established along the Coast, point it out as one of the best localities for safely and advantageously conducting the "business of Banking in all its branches ; and unless the field is taken possession of at once by a native Bank, it is sure td be occupied by strangers, by whom the profits will be withdrawn from, instead of being expended within, the Settlement. It is a remarkable fact, that some of the London Banks which have been carrying on business in the neighbouring Australian Colonies, have, in the course of a few years, in the shape of profits, withdrawn an amount of money exceeding the paid up capital of some of the extensive and. prosperous native Joint-Stock Banks which have lately been established in these Colonies ; thus causing a vast amount of money to be spent in London which might have been expended in the Colony. v It is to be hoped that the Otago Settlers will have sufficient forethought to come forward at once, and prevent such an application of the surplus fruits of their industry. CONDITIONS. First.— The business of the Company shall be carried on under the title of " THE OTAGO BANKING COMPANY," and shall consist of Banking in all its branches upon the Scotch System. Second.— The Capital of the Company shall be £20,000, in 2000 shares of £10 each ; with power to increase the Capital to £50,000, under a like division of Shares, at the end of five years. Not more than one-half of the subscribed Capital to be paid up. Third. — The Company shall be considered as formed when 1000 Shares are subscribed for, and thereafter a General Meeting of the Partners shall be called, for the purpose of electing Directors, and making the other needful arrangements. Fourth. — The Capital will be called up in Instalments not exceeding £1 ss. each, and to extend over a period of Twelve Months, at such times as the Directors may see fit. Fifth. — The management shall be invested in a Governor and Eight Directors, each of whom shall hold not less than 50 Shares of the Capital stock, to be elected annually. Sixth. — At all General Meetings Shareholders shall be entitled to vote personally, or by proxy from a Shareholder, according to the number of their Shares, each Share giving a title to one vote. Seventh. — The affairs of the Bank to be examined every three months, by Two Auditors, one elected by the Directors, and one by the Shareholders ; together with one to be nominated by the Government of th,e Colony, should it be deemed advisable. The names of the Shareholders to be published annually. Eighth. — No person, in the meantime, shall hold more than 100 Shares ; and no Transfer of Shares shall be permitted till Six Months after the Company is established. Ninth. — Partners shall, on obtaining the sanction of the Directors, be entitled to operate to the extent of one-half their paid up stock, on the principle of a cash credit. Tenth. — In order to limit the responsibility of the Partners, in case it might happen that the Company should at any time lose one-fourth of its paid up Capital, a Special General Meeting shall be called by the Directors, and the Company shall be dissolved, unless a majority in value shall determine otherwise, and pay up the retiring Partners the then value of their Shares ; the responsibility of such retiring Partners thereupon to cease. Applications for Shares, according to the subjoined Form, may be made to JAMES MACANDREW, & Co. All Applications for Shares shall be kept private until the Company is formed. FORM OP APPLICATION. : 1851. J hereby, authorise you to procure for me Shares of the Otago Banking Company, which I agree to take on the teiins and conditions of the Prospectus of said Company. — I am, your obedient servant, '-. Name ' Residence — — Profession , — : To Messrs. J. Macandbew, & Co., ' " Dunedin.