Page 3 Advertisements Column 4

Grey River Argus, Volume XV, Issue 1819, 4 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 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, appears thus, without giving odd numbers : — . Deposits Circulation Total Union Bank of Australia ...£870,000 £123,425 £993,425 Bank of New South Wales 560,000 104,849 664,849 Bank of Australasia ... 193,000 38,962 T , 231,962 Showing a. total of £1,890,236 or nearly two. millions of Money .belonging to colonists entrusted; to Boards of Directots 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 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 disadvantages that colonists are sure to labor under by lending— or -rather gjving — 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. , 1 hey therefore have no hesitation in suggesting the prudencs 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 destroj 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 Col nies, where the real interests of the foreign Bank most strongly take root. 9 th. 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. , lOih It is proposed at the issue of Shares above referred to, .that 'ss per Share .jjel 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 53. 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 rr.ade within twelve months of the Bank 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 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 useful* ness will also increase, and be more and more appreciated, both as an investment for the savings of the people, and as a useful Hank. Judging from the influence and sound experience possessed by the promoting Members of Committee, it is c-ruun that no similar Institution has ever yet been launched iv the Southern Hemisphere under better auspices. The Provisional _ Committee have already subscribed^ .among tHemselveaV for 25,475 Shares, which they are prepared to take if allotted to them. . .... For forms of application for Shares and other particulars, apply to to G. W. MOSS and CO., Sole Agents for Greymouth and the Grey Eiver District. Stationery and Fancy Goods. T>OOK AND STATIONERY WAREHOUSE (Next the Bank of New South Wales), Mawhera Quay, Greymouth. C . C . SOMMERS, . 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 vessels — Gilt Frame Pier Glasses Oleographs and Maple Frame Engravings Workboxes and, Deßks, in mahogany arid 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 Cabinetwai'e Flute 3 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 New Goods, suitable for Birthday and Wedding Presents. Up-country orders carefully attended to. "~~C. C. SOMMERS.