Page 1 Advertisements Column 2

Globe, Volume I, Issue 13, 15 June 1874, Page 1

among the Committee to advise with the General Manager, and generally watch the interests of the whole Institution. 4th. As soon as a sufficient number of Shares shall have been applied for to warrant the commencement of business, the Head Office will be opened in Dunedin, in suitable Premises already secured under offer, and thereafter Branches will gradually be opened in the Chief Centres of Settlement throughout the Colony. 6th. It will be the chief aim of the Promoters of this Bank to aid and conserve alike the interests of the whole community in this Colony. The Mercantile, Trading, Pastoral, Agricultural, Mining, Artizan, and Laboring classes will each have fair treatment and support 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 large or small quantities, and until such value can be ascertained a liberal advance will be made upon any Gold deposited for the purpose of coinage. 6th. It is not intended by the Promoters that this Bank shall purchase Gold, but merely be prepared to make advances upon it until realised, in the same manner that it will be ready to do upon Wool, Grain, or other produce. 7th. The amount of New Zealand Money in the hands of the three Banks from Australia trading in the colony on the 31st December last, as shown by their several returns furnished to the Government, appear Showing a total of ... £1,890,236 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 the good of commerce in Victoria or New South Wales ; or for the beneficial regulation of their exchange opera tions in those Colonies. Bth. The Promoters, in placing Jthe foregoing facts before the people ot this Colony, desire to point out the very great disadvantages that colonists 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 keeping within the 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 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. It has been determined by the Promoters that the first issue of 200,000 shares shall be conducted by Committees, 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.* 10th, It is proposed at the issue of Shares above referred to, that 6s 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 allotment ; that a second Call of 5s per Share be made and payable four months after Allotment : and that a Third call of 5s per Share be made and payable six months after Allotment—making together 30s paid up per Share. No further Call to be made within twelve months of the Bank first commencing business in Dunedin; after which future Calls will not exceed 6s 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 savings 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 Hemisphere under better auspices. A deputation of Provisional Directors will visit Christchurch 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 Union Bank of Australia and the Bank of Australasia. FORM OF APPLICATION FOR SHARES. Date 1874. TO THE PROVISIONAL COMMITTEE OP THE COLONIAL BANK OF NEW ZEALAND. Gentlemen, —I 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 ou the same ; and I agree to take the said shares, or any less number that may