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Prospectus. Pit o spec t us or THE COLONIAL BANK OF NEW ZEALAND. Capital ... .-£2,000,000 In 400,000 shares of £5 each. To be offered to the Public by a first issue of one-half, viz,, 20,000 shares, To be called up as follows : Five shillings on application ; 10s on allotment ; 5s two months after allotment ; 5s four months after allotment; 5s six months after allotment ; which will amount to £300,000 paid-up capital at end of six months. No further Call will be made for twelve months after the Bank is first opened in Dunedin, and future Calls will not exceed fla per Share, to be made, if required, at intervals of not loss than throe months thereafter. Provisional Committee ; The lion. Mathew Holmes W. A. Tobnie, L 1.11.11. E. Oliver, M.P.C., Oliver and Lipli Dr Webster, M.P.C., lluuholder , <T. M. Ritchie, Bussell, Ritchie, and Co. Charles Nichols, Dalgcty, Nichols, and Co. .Tames Rattray, Dalgety, Nichols, and Co. J. L. Lutterworth, Lutterworth Bros. Robert Wilson, XI. Wilson and Co. Keith Ramsay, J etty street George LI. Bell, 11 null older, Southland J ohn Connack, of Morrison and Company, Blue Spur Captain J. T. Boyd B. C. Haggitt, Provincial Solicitor Alexander Burt, A. and 'T. Burt C. S. Reeves, M.P.C. James Marshall, Marshall and Copeland James Copeland, Cumberland street W. J. M. Larnach, Guthrie and Larnach Daniel Campbell, Great King street H. S. Fish, Juik, Princes street W. M. Hodgkins, of Howortb and Hodgkins E. 11. Leary, High street J. H. Harris, Solicitor William Fraser, of Strode and Fraser, Runholders J. Logan, Eunholder Walter Miller, Eunholder J. A. Connell, of Connell and Moodie W. D. Stewart, Barrister M. Price, Dunedin J. S. Webb, Webb and Fulton J. Brown, sen, * C. 11. Chapman, Banister The Hon. James Paterson W. Gellibraud, Eunholder D. F. Main, Barrister-at-Law W. J. Burton, Burton Bros. J. It. Jones, Harbor Steam Company Charles Zeile, Rattray street James Hazlett, Merchant, Clyde John Reid, Elderslie, Oamaru Robert Gillies, Gillies and Street Donald Reid, MALE. • O. 11. Howden, Distiller, Cumberland street Charles Reid, Princes street 11. Glondhiing, Ross and Gleudining Dr. Edward Huhno John Douglas, Eunholder, Mount Royal J, T. Wright, Wright, Stephenson and Co. G. F. Reid, Stafford street E. Paterson, Paterson and McLeod R. M. Robertson, Distiller, Rattray street James Shand, M.P.C. William Barron, Barron, Grant and Co. William Park, Park and Curie George Elliot Barton, Baniator-at-Law W. D. Murison, Editor “ Daily Times ” Charles De V. Teschcmaker, Eunholder, Taipo, Oamaru David I’roudfoot, Railway Contractor Horace Bastings, M.P.C. W. North, North and Seoullar Hugh McNeil, Briscoe and Co. John Bathgate, II.M. E. B. Cargill, Cargills and McLean H. J. Walter, Manse street R. K. Murray, Rattray street James Black, Black and Thomson Marcus Hume, Dunedin James Allen, M.P.C., East Taieri William Snow, Outran!, West Taieri A. J. Smith, Contractor Thomas Birch, Merchant Ed. Herbert, Mayor of Lawrence Robert Pritchard, Arrow ■Walter Inder, Naseby M. J. Malagan, Queenstown Job Wain, Manse street James Fulton, E.M. John Scanlan, Scanlan Brothers, Princes street William Kennedy, Rattray street The Hon John M‘Lean, Redoastlo, Oamaru With jiower to add to their number. Bankers : The Union Bank of Australia. Tlie Bank of Australasia.. Ist. The great want of a thoroughly Colonial Banking Institution for the whole Colony of New Zealand having 'been long felt, it lias been determined by the Provisional Committee to supply the same by placing before the public the present carefully considered scheme, with the full confidence that it will meet with very general support. 2nd. As a first step, it is proposed to offer to the people of this Colony one half of the nominal capital or 200,000 shares, in fair proportions to each of the Provinces throughout Now Zealand, on the basis of the respective populations of each Province, reserving tin; other half to be disposed of hereafter, as the rapid progress of the Colony may demand and shareholders may decide ; hut in no instance will any of the remaining shares be offered for sale out of the Colony without having been first offered to the Colonial holders, nor will any hut a New Zealand Register be kept. 3rd. It is Intended that the Head Office of the Bank shall be in Dunedin, and that a General Manager of high professional standing shall ho appointed to guide the operations oAho Bank ; and also that a Board of qualified Directors shall ha elected from among the Committee to advise with the General Manager, and generally watch the interests of the whole Institution. 4th, As soon as a sufficient number of Shares shall have been applied for to warrant the commencement of business, the Head Office’will he opened in Dunedin, in suitable Premises already secured under offer, and thereafter Branches will gradually he opened in the Chief Centres of Settlement throughout the Colony. sth. It will ho the chief aim of the Promoters of this Ban): to aid and conserve alike the interests of the whole community in this Colony. The Mercantile, Trading, Pastoral, Agricultural, Mining, Artizan, and Laboring Classes will each have fair treatment<md support from the Colonial Bank. To the Mining Interest, special attention, will ho given, with a desire to acquire for the Minors the -Mint value of their Gobi, whether in huge or small quantities, aud until such value can be ascort turned, a liberal advance will ho made upon any gold deposited for the purpose of ooiuago. (Jth. It is not intended by the Promoters that this Bank shall purchase Gold, but merely he prepared to mako advances upon it until realised, in the same manner that it will bo ready to do upon wool, grain, or other produce. 7th. The amount of New Zealand money in the hands of the three Banka from Australia trading in the Colony on the 31st December last, as shown by their several returns furnished to the Government, appear thus, with- ’ out giving odd numbers; —

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NZTIM18740603.2.2.3

Bibliographic details

New Zealand Times, Volume XXIX, Issue 4119, 3 June 1874, Page 1

Word Count
981

Page 1 Advertisements Column 3 New Zealand Times, Volume XXIX, Issue 4119, 3 June 1874, Page 1

Page 1 Advertisements Column 3 New Zealand Times, Volume XXIX, Issue 4119, 3 June 1874, Page 1

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