Page 3 Advertisements Column 5

Grey River Argus, Volume XV, Issue 1834, 22 June 1874, Page 3

hat this Bank shall purchase— Gold, but merely be prepared to make advances upon it until realised, in the same iranner 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 Yew South Wales 560,000 104,849 664,849 Bank of Aus- . ■.'■■■ :> : tralasia ... 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 Directots in Melbourne or Sydney to control or manipulate as it may please their tastes ; or as it may be convenient for, the jpod 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 foreSoing facts before the people of this Colony, esire 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; arid 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 destroy the risk of future monetary disturbances, which they have, had; .oir more than one occasion to deplore in (.the past, brought about solely by. some", crisis that., has occurred in .one or' otheV : 6f , ! 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 , 200,006 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.forthenuraber of Shares standing opposite to his name. " ° - '■"■ ,'■' v It is proposed at the issue of Shares : above referred to, , that(. ss per Share; J>e -paid on application j that 10s, per share be paid oa allotment ;. that, a CallCof ' ; ss"periShare 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 bf.ss per.Share be made and payable six months after allotment— iriakirig .together 30s paid up per Share. No further Call to be made within "twelve, months of the Bank first commencing business in- Duneditf ; after which future Calls will not exceed 5s per Share, ncr be made at .shorte:, intervals than three months between each Call. . „-.- , , IJth. The Act of .Incorporation for this Bank will be so framed as to limit the liability of the^S.hareholders to twice the amount of their Shares,vthe same as the o ..her Banks. * >r ' - ; -12fch. As a thoroughly Coiouial'lnstitution, the Promoters have much pleasure irijstrongly recommending ■ Colonial Bank of New Zealand" to the support of all x Colonists haying the real welfare of New Zealand at heart. Such an Icstitution 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 Mem-; bers of Cotrmittee, 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 themselyes .for- 25,475 Shares, which they are pr>paredrtb r take if allotted to them. , v . ;. , r ■ For forms of application for Shares and other particulars, apply to to . G. W. MOSS arid CO:, ' Sole Agents for Greymouth and the Grey River District. Stationery and Fancy floods. T3 OO K AN D STAT IONERY 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. Melbourne 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 arid the SKETCHER for Greymouth. and DistrictThe 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 arid accurate Pioture Gallery of the new Parliament. C. C.SOMMEhS receives His Journals and Monthly Magazines by Suez Mail direct, and guarantees prompt delivery to scribers. ■ Government Depositary for Stamp Duties. "^O. 0, SOMMERS.