Page 1 Advertisements Column 4

New Zealand Times, Volume XXIX, Issue 4119, 2 June 1874, Page 1

Prospectus. Deposit. Circulation. Total. Union Bank of Australia ... £870,000 £123,425 £993,425 Bank of New South Wales 500,000 104,849 004,849 Bank of Australasia ... 103,000 38,962 231,962 Showing* a total of ... £1,890,230 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 he 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 more 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 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 j 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 200,000 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.* 10th. It is proposed at the issue of Shares above referred to that £s per Share be 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 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. | 11th. The Act of Incorporation for this Bank will bo so framed as to limit the liability of the Shareholders to twice the amount of their Shai'es, 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 5 ” 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 Bank. Judging from the influence and sound experience possessed by the promoting Members of Committee it is certain that no similar institution has ever 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 Provisional Committee. Meantime forms of application for Shaves may be obtained, and applications may be lodged with the Union Bank of Australia and the Bank of Australasia. FOPvM OP APPLICATION FOR SHAPES. Date 1874. TO THE PROVISIONAL COMMITTEE or THE COLONIAL BANK OF NEW ZEALAND. Gentlemen, —I hereby make application for Shares in the above Company ; and hand you herewith the sum of £ , being the amount of Five Shillings per Share deposit on the same ; and I agree to take the said Shares, or any less number that may be allotted to mo, and I further agree to subscribe to the Articles of Association when required to do so. I am, Gentlemen, Yours 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 if allotted to them. Public Companies. r| rilE WELLINGTON , TRUST," LOAN J. • AND INVESTMENT COMPANY (Limited). INVESTMENTS AND LOANS. Advances made, on real Estate, or Leaseholds, repayable by monthly instalments, including principal and interest, also by way of mortgage, the borrower to have power to repay by instalments. Advances made on other approved 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 in progress. ; Investments can bo made and money borrowed, on the principle of Building Societies ; at any time, and for such periods as may suit the convenience of investors or borrowers as • per tables to be seen at the ollicc, where the necessary information can be obtained. Loans may be repaid, and investments withdrawn at any time (on giving duo notice) at fixed rates, as per tables. NO ENTRANCE FEE. DEPOSITS. J . Deposits received for ouch periods as may be agreed on. PRESENT RATE 03*" INTEREST, FIVE PER CENT PER AN- : NUM, payable half-yearly. WILLIAM ALLEN, . Manager. 13th January. r I>HE P ERM ANENT EQUITABLE JL BUILDING & INVESTMENT SOCIETY OF WELLINGTON. NOTICE TO SHAREHOLDERS. The monthly pay days have been fixed for the third Monday in each month—the first to ; bo on the THIRD MONDAY in JUNE (15th l June). Payments can, however, be made at any time on and after Monday, the first day of i June. i By order of the Board of Directors, 1 T. KENNEDY MACDONALD, Secretary and Manager. i N.B.—Applications for shaves can bo made at : the Society's offices, Willis street, every day i between office hours. i May 13, 1874. I i