Page 1 Advertisements Column 4

New Zealand Times, Volume XXIX, Issue 4118, 1 June 1874, Page 1

Prospectus. Deposit. Circulation. Total. 'Union Bank of Australia ... £870,000 £123,425 £993,425 Bank of New South Wales 500,000 104,840 604,840 Bank of Aua- ■ tralasia ... 193,000 ?: 88,962 231,902 Showing a totahof ... £1,890,230 or nearly two millions of &oney belonging to colonists entrusted to Boards of Directors in Melbourne or Sydney to or manipulate as it may please their taste* - ;. or as it may be convenient for the good of|oommerce in Victoria or New South Wales ;tfor 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 groat .disadvantages that colonists are sure to labor under by lending—or rather giving—such a largo sum of moneyas stated above to foreign Banks, to be lent back to the people here at very high rates of interest, and on more arbitrary conditions. They, therefore, have no hesitation in suggesting the prudence and wisdom of the colonists keeping ■within their own domain th' fibsohifco control of their own moneys ; as. 1/yleo doing they will most effectually destroy thovrisk in 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 strongly take root. 9th. It has been determined by the Promoters that the first iasua-of 200,000 Shares shall bo conducted by Committees, to_ he 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'willingto become a subscriber for the number of Shares standing opposite to his name.* 10th. It is proposed at the issue of Shares above referred to that os per Share be paid on Application; that 10s per'share be paid on allotment ; that a Call of l 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 80s paid up per Share. ’ No further Call to ho 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 (Jail. 11th. The Act of Incorporation for this Bank will he 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 or New Zealand” to the support of all Colonists having the real welfare of New Zealand at heart. Such an Institution is much wanted at tile 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 Bank. Judging from the influence and sound experience possessed by the promoting Members of Coimnitteo it is certain that no similar institution has over yet been launched in the Southern Hemisphere under better auspices. A deputation of Provincial Directors will visit Wellington in a few days for the purpose of co-operating with a local Pro visional Committee. Meantime forms of application for Shares may he obtained, and applications may be lodged with the Union Bank of Australia and tiie Bank of Australasia. FOBM OF APPLICATION FOB SHAPES. Date 1874. TO THE PROVISIONAL COMMITTEE OF THE COLONIAL BANK OF NEW ZEALAND,

Gentlemen', — I hereby make .application for Shares in the above Company ; ami hand you herewith the sum of £ , being the amount of rive Shillings per Share deposit on the same ; and I agree to take the said Shares, or any less number that may be allotted to me, ami I further agree to subscribe to the Articles of Association when required to do so. I am, Gentlemen, Youva truly, Signature Name in full Occupation Address No _ Date received. * The Provisional Committee have already subscribed amongst themselves for 25,475 Shares, which they are prepared to take it allotted to them. Public Companies. n illfi WELLINGTON TRUST, LOAN JL AND INVESTMENT COMPANY (Limited). INVESTMENTS AND LOANS. Advances made on real Estate, or Leaseholds, repayable by monthly instalments, including principal and interest, also hy way of mortgage, the borrower to have power to repay by instalments. Advances made on other appx-ovod securities (such as stocks ships, &c,) but not on personal security, Bills of Exchange or Promissory Notes. Security given for Government and other contracts, and advances made on security of works lu progress. Investments can be made and money borrowed, on the principle of Building Societies at any time, and for such periods as may suit tho convenience of investors or borrowers as per tables to be seen at the office, where the necessary information can he obtained. Loans may be repaid, and investments withdrawn at any time (on giving duo notice) at fixed rates, as per tables. NO ENTRANCE LEE. DEPOSITS. Deposits received for such periods as may be agreed on. PRESENT RATE OE INTEREST, LIVE PER CENT PER ANNUM, payable half-yearly. WILLIAM ALLEN, Manager. 13th January. rjMIE PER M A NENT EQUITABLE X BUILDING & INVESTMENT SOCIETY O'E WELLINGTON. NOTICE TO SHAREHOLDERS. The monthly pay days have been fixed for tho third Monday in each month—tho first to be on tho THIRD MONDAY in JUNE (15tb Juno). Payments can, however, be made at any time on and after Monday, the first day of J nue. By order of tho Board of Directors, T. KENNEDY MACDONALD, ■ Secretary and Manager. N.B.—Applications for shares can be made at the. Society's offices, Willis street, every day between office hours. May 13, 1874.