Page 1 Advertisements Column 4

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

Prospectus. Deposit. Circulation. Total. Union Bank of Australia ... £870,000 £123/125 £993,125 Bank of New South Wales 500,000 101,819 601,819 Bank of Australasia ... 193,000 38,902 231,902 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 bo convenient for the good of commerce in Victoria or New South Wales ; or for tho beneficial regulation of their exchange operations in those Colonies. > Bth. Tiie Promoters, in placing the foregoing facts before tho jioople of this Colony, desire to point out tho very great disadvantages that colonists are sure to labor under by lending—or rather giving—such a largo sum of money as stated above to foreign Banks, to bo lout 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 hhd on more than one occasion to deplore in tho past, brought about solely by some crisis that has occurred in one or oilier of the Australian Colonies, where tho real interests of the foreign Bank most strongly take root. oth. 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 he 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 tho issue of Shares above referred to that 5s 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 he 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 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 mouths between each Call. | Hth. The Act of Incorporation for this Bank will be 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 the present time ; and as the development of the Colony proceeds, its usefulness will also increase, and bo more and more appreciated, both as an investment for the savings of the people, and as a useful Bank. Judging from I 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 tho 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 Shares may be obtained, and applications may he lodged with the Union Bank of Australia and the Bank of Australasia. FORM OF APPLICATION FOB SHAKES. Date 1874. TO THE PROVISIONAL COMMITTEE of THE COLONIAL BANK OF NEW ZEALAND. Gentlemen,— l hereby make application for Shares in the above Company ; and hand yon herewith the sum of £ , being the amount of Five Shillings per Share deposit on tho same ; and I agree to take the said Shares, or any less number that may be allotted to me, 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 2a/l/5 Shares, which they are prepared to take if allotted to them. Public Companies. rj iHE 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 by way of mortgage, the bomnver 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 be made and money borrowed, on tho principle of Building Societies at any time, and for such ncriods as may suit the convenience of investors or borrow'ers as per tables to bo seen at tho office, whore tho necessary information can he obtained. Loans may bo 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 bo agreed on. PRESENT RATE OF INTEREST, LIVE PER CENT PER ANNUM, payable half-yearly. WILLIAM ALLEN, Manager. 13th January. Coach Factory. UNION COACH FACTORY. Ghdzkee Stueet (Opposite St. Peter’s Church). Tho undersigned, having commenced business in the above premises, is prepared to execute all orders entrusted to him in a workmanlike manner, -without delay, and on most i reasonable terms. Each branch of the business I will bo under tho supervision of skilful workmen, and all work from the establishment guaranteed. Repairs of all descriptions executed with neatness and despatch. R.W. has also on hand, and in course of construction, double-seated buggies, express waggons, two spring carts, and timber waggons Country orders specially attended to. - R. W. WATSON.