Page 3 Advertisements Column 5

Grey River Argus, Volume XV, Issue 1818, 3 June 1874, Page 3

that this Bank shall purchase Gold, but merely be prepared to make advances upon it until realised, in the same manner that it will he 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, appears thus, without giving odd numbers :—.. Deposits Circulation Total Union Bank of Australia ...£870,000 £123,425 £993,425 Bank of .••ew .• •'•"' ■ :•:..-:•■•• ; , South Wales 560,000 104,849 '664,849 Batik of Australasia ... 193,000 38,962 231,962 Showing a total of £1,890,236 or nearly two millions of ; Money- belonging to colonists entrusted to Boards, of Directors in Alelhourne or Sydney to cbntrolor 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, operations in those Colonies. -..-.. Bth. The Promoters, in placing the foregoing facts:before the people, of this; Colony, desire to; point out the very ( great'"aisad vantages that colonists are Bure to laborurider by lending^or. .rather, giving — such a large sum of money as" stated' above to foreign Banks, to be lent back to the peopl- here at very nigh rates of interest, and :on most arbitrary conditions., .Ihey , therefore; have ,no hesitation in , suggestiag the prudence and wisdom of the colonists keeping within their own' domain the absolute control of their own moneys.; as by; , bo -doing' they.iwi\L most effectually destroj , /the ; risk , of future.' mone ( - ; tary disturbances, which "they have had on more than one [occasion^ to deplore, in ''the past, brought aboutVsolely ' by some crisis that has occurred in one or. r oth'erof- the Australian .Colonies, ;wber.e-the reaj. .interegtß of the foreign. Bank most rßtrpngly r .take root; . 9th. It hasVbeeri-detiraih'ed: "tif the motefs that the first ! issue of 1 shall be conducted by Committees j. to be appointed severally; in -the^ chief : ; city jin, each Province; and no .Shares T will/be, ;giyen or. reserved to the Prornote'rs ; but e'ach'me'mber of the ; Provisional l: G6inmittee. is 'willing 1 .to ; become a subscriber for the number of Shares standing opposite to his, name. j'.. ;■■ ■; ■'; ' j (; .;• •, lOth. It ispropos^d at the issue of Sharps, .above referred_to,Jtbj^ on application ; tfiatlOs persbare be paid on allotment ; that a Call of 5s per Share be made and payable-two months after allotment ; that a. Second Call of 53 uer Sbaje be made and payahle^fnur months after allotment ; and that a Third C 11 of 5s per Share be madeand-payable'six months after allotment- making together 30s paid up per Share. . No-furtheruCall t" be n.ade within twelve months of the Bink first commencing business in Dunedin ; after which future 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 wi11 ... be^ so „■ framed as to limit the liability; of the Shareholders to twice the amount of their Shares, the same as the pther Banks. .• t . , 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 tbe Colony proceeds, its usefulness will also increase, and be more and more appreciated, both as an investment for the savings of tbe people, and as a useful Hank. Judging from the influence and sound experience possessed by the p™moting-;Meni"' bers of Committee, it is curtain that, no similar Institution has ever yet been launched iv tbe Southern Hemisphere under better auspices. ..■■-■ / The Provisional Committee have already subscribed among theinselyes _ for' 25,475 Shar.es, which they are prßpareaV to take if allotted ,ta themr .-.••-; :■•- ::'^-' ' For forms of application for Shares and other particulars, apply to to G. W. MOSS and CO., Sole Agents for Greymouth and the Grey River District. Stationery ami Fancy Goods. T>OOK AND STATIONERY; WAREHOUSE (Next the Bank of New South Wales), Mawhera Quay, Greymouth. C. C. S O M M E R S, Wholesale and Retail BOOKSELLER and STATIONER^ Importer of PIANOS, HARMONIUMS, and MUSICAL INSTRUMENTS Of every description. The largest establishment, and the largest and best assorted Stock of BOOKS, STATIONERY, and FANCY GOODS on the West Coast of New Zealand. ;C. C. SOMMERS has just received per Zephyr, Alhambra, and other vesselsGilt Frame Pier Glasses Oleographs and Maple Frame Engravings Workboxes and Desks^ in mahogany and walnut Berlin Wool Goods, a beautiful selection Pianos and Harmoniums " Sets of Billiard Balls Pocket Cutlery Vases and Lustres Parian Busts and Figures Glass Shades and Stands . Jewelry Brushware Cabinetware Flutes and Violins Musical Boxes and Albums. Per s.s. Alhambra . — Stationery, a large assortment ; New Books, do New Music, do \ . Latest bound Volumes Periodicals And a splendid assortment of Nevr Goods, suitable for Birthday and Wedding Presents. Up-country orders carefully attended to. C. 0, SOMMBRS.