Page 4 Advertisements Column 4

New Zealander, Volume XVII, Issue 1610, 21 September 1861, Page 4

BANK OF NEW ZEALAND. INCORPORATED BY AN ACT OF THE GENERAL ASSEMBLY. LIMITING THE LIABILITY OF SHAREHOLDERS. Capital, £500,000, in Shares of £lO each. PAID-UP CAPITAL, £250,000. A PAYMENT of 20s. per share on signing the need of settlement; a further payment of 20s. per share on 2nd November, 1861 ; the balance ol 60s. per share, making the total 50 per cent, it required, in calls at intervals of not less than three months thereafter, and on notice. To be conducted by a Board ot Directors say seven in number —who shall elect from among themselves two Directors, to advise with the Local Manager, as required. The Board to have a general control of the Bank’s operations. Provisional Trustees: AUCKLAND J. Logan Campbell, T. Henderson, J. O’Neill, T. Russell, James Williamson, Esqrs. WELLINGTON A. D. Brandon, W. B. Rhodes, Esqrs. NELSON —II. E. Curtis, lion. E. W. Stafford. CANTERBURY —Hon. F. A. Weld, J. Ciuckoft Wilson, Esq. OTAGO E. McGlasiian, Esq. HAWKES’ BAY" —J. Watt, Esq. WANGANUI MARLBOROUGH — W. 11. Eves and J. Sinclair, Esqrs. TARANAKI SOUTHLAND It is manifest to those who have directed attention to the subject, that the Banking establishments in New Zealand have derived immense profits which arc payable entirely to a foreign proprietary,/rom a trade carried on with the Funds of the Colonists : a .circumstance which must lead to the consideration whether the Colonists of New Zealand arc not now in a position to enjoy, and entitled to receive , whatever advantages can he derived from the employment of their own capital. _ . n . Another consideration which should unite the Colonists of New Zealand in an effort to establish a New Zealand Bank, is this, no Foreign Bank will study the interests of New Zealand ; but the interests of such an establishment arc regarded as paramount; the New Zealand branches being of necessity made to feel the effects of financial pressure in other Colonics, and accommodation in given or refused, frequently, iigl according to the requirements of the Bank’s customers in New Zealand, but measured by the Bank’s engagements and necessities elsewhere. This Institution will not be disturbed by these influences : its capital will be specially devoted to New Zealand interests. A reference to the Bank returns, published periodically in the Government Gazettes of the Colony, will shew the very large profits made from the Deposits of the Colonists. What foreign Banks have for many years done for ns with our own funds, we now propose to do for ourselves by local effort and management. This Bank is established on a broad and permanent basis, capable of doing the present Banking business of New Zealand, and susceptible of expansion with a view to meet the requirements of that prosperous future which it is believed will certainly and shortly be realized for New Zealand. To accomplish this desirable result—to secure the bulk of the deposits now held by Foreign Banks —and to give to the public an institution worthy of confidence—it is resolved that the capital shall be 50,000 shares of £lO each. This amount, it is conceived, will be more than ample to secure the confidence ot the public, and of any Foreign Banks with whom it may be desirable or necessary to have transactions. One-half of the subscribed capital to be called up as follows 20s. per share upon signing the Deed of Settlement. 20s. per share on 2nd November, 1861, and the remaining 60s. per share by calls at intervals of not less than three months, and of which three months’ notice shall be given. In no case the call to exceed £1 per share. No further calls to be made without the consent ot three-fourths of the Proprietors present at a meeting specially convened for that purpose. The shares have been fixed at the moderate sum of £lO, with the view of enabling all classes ol the community to identify themselves with the monetary interests of the country. Branches of the “ Bank of New Zealand” will be established in every town of importance in the Colony. Each Branch to he managed by a Local Manager appointed by the General Board, and two Directors, chosen by the Resident Local Proprietary, when the Local Proprietary represent a capital ot £40,000 in the Bank, until which time such Directors to lie appointed by the General Board. In London there will be a Board of Direction and Secretary; and it is anticipated that a sufficient number of influential Colonists, shareholders in the Bank, will always be found resident in London to form such Board. Arrangement with some desirable English Bank will be made for effecting Exchange. The “Bank of New Zealand” will make advances upon Bills of Lading, Bonding Warrants, and other legitimate securities. It will he the object of this Bank to render all possible accommodation and facilities, consistent with its proper functions, to the merchant, settler, storekeeper, and farmer. The Balance Sheet of the Bank will he made up every half-year, prior to the half-yearly meetings, at which the Dividend will be declared. The qualification lor voting at the election of the first Board of Directors, or of becoming candidates for scats at such Board, shall be the payment of the sum of 20s. per share, and the execution of the Deed of Settlement, before the meeting to be convened by the Trustees for the election of such Board. Any duly qualified subscriber for 200 shares, who shall have given to the provisional secretary at least ten days’ notice in writing of such his intention, shall he eligible as a candidate for a seat at the Board, ami all qualified subscribers shall be entitled to vote in proportion to the number of their shares, according to the following scale —viz., For 5 shares, 1 vote. 12 shares, 2 votes. 25 shares, 3 votes. 50 shares, 4 votes. And 2 votes for every additional 50 shares. It is proposed to reserve at least 10,000 shares for sale in England. Applications for shares to he addressed to the Provisional Trustees, at the Company’s Office, Eraser’s Buildings. BANK OF NEW ZEALAND. NOTICE is hereby given that a SPECIAL GENERAL MEETING of the Proprietors of this Bank will he held in the Hall of the Mechanics’ Institute, on TUESDAY, the first day of October next, at 3 o’clock, p.m., for the purpose of electing seven Directors and two Auditors, to be the first Directors and Auditors of this Company. The undermentioned gentlemen having complied with clauses 37 and 44 of the Deed of Settlement, offer themselves as candidates for the Directorship. John Logan Campbell, Patrick Dignan, Thomas Henderson, Edward King, James O’Neill, George Bnrgoyno Owen, Thomas Russell, Captain James Stone, Charles John Taylor, Henry Walton, David White, William Williams, James Williamson, By order, J. 11. R. HARRISON, Provisional Secretary. Auckland, 18th September, 1861. FLOWER SEEDS. ~i VARIETIES of Annual and Biennial X Jmd f_) Flower Seeds 6 varieties Choice Hollyhock Seed White and Yellow Belgium Carrot Seed WARRANTED. D. HAY, Montpellier Nursery. Flour Mill and Steam Engine. LX)K SALE,— A STEAM ENGINE, X of 6 horse power, and MILL, with every requisite complete. For particulars, apply to H. COOLAHAN.