Page 3 Advertisements Column 4

Grey River Argus, Volume XV, Issue 1833, 20 June 1874, Page 3

hat 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 38,962 231,962 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 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 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 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 Colonies, where the real interests of the foreign Bank most Btrongly 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 oppoßite to his name. 10th. It is proposed at the issue of Shares above referred to, that 5s per Share be paid on application ; that 10s per sbare 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 5s per Share, nor be made at shorter intervals than three months between each Call. ] lth. 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 ft 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 Hank. Judging from the influence and sound experience possessed by the promoting Members of Ceirmittee, it is certain that no similar Institution has ever yet been launched iv the Southern Hemisphere under better auspices. The Provisional Committee have already subscribed among themselves 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 River District. . Stationery and fancy Goods. ■nOOK AND STATIONERY WAREHOUSE (Next the Bank of New South Wales), Mawhera. Quay, Greymouth. C. C. SOMMERS, Wholesale and Retail BOOKSELLER and STATIONER. The largest establishment, and the largest and best Stock of BOOKS, STATIONERY, and FANCY GOODS on the West Coast of New Zealand. C. C. SOMMERS is receiving regular supplies of NEW BOOKS and NEW MUSIC by every mail from Europe, and by every M elbourne steamer direct. C. C. SOMMERS has on sale magnificent PIANOS, and HARMONIUMS, In Walnut and Rosewood. Violins, Flutes, and Anglo-German Concertinas, in great variety. A splendid assortment of New Goods, suitable for Birthday and Wedding Presents. IMPORTANT NOTICE! C. C. SOMMERS is appointed Agent for the AUSTRALASIAN and the SKETCHER for Greymouth and District The propietors of the Australasian desire to announce through their Agent, Mr C. C. Sommers, that it is their intention shortly to PRESENT GRATIS to Subscribers, A LARGE ENGRAVED SUPPLEMENT, Giving the Portraits of the Members of the new Legislative Assembly. The best ability obtainable has been engaged upon the artistic and engraving work, and no effort has been spired to make the Portraits a faithful and accurate Picture Gallery of the new Parliament. C. C. SOMMEKS reoeives his Journals and Monthly Magazines by Suez Mail direct, and guarantees prompt delivery to Subscribers. Government Depositary for Stamp Duties. C. 0. SOMMERS.