Prospectus. .Deposit. Circulation. Total. Union Bank of ""i ... £870,000 £123,425 £093,425 Bank of New , South Wales 560,000 104,849 064,849 Bank of Aus: " tralasia ... 193,000 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 Sydn - - -fc may please th iveuieut for the good of comi toria or New South Wales ; or f< 1 *'' of their exchange operati Bth. The Promoters, in placing the foregoing facts before the peoplfl of this Colony, desire tc point out the very great disadvantages that colonists are sure to under by lending—or rather giving-—such a laige sum of money as stated above to foreign to be lent back to the'"p«rt>ple hero 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 iu one or other of the Australian " ' • .„".,„—^'"-"al interests of the foreign jrmined by the Prole 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 subsciiber for the number of Shares standir - opposite to his name.* 10th. It is proposed at the issue of Shar above referred to that 5s per Share be paid c 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 able four months after allotment; and ni.:...i n_n _c c cm l, e mac l e an( J .ent—making together yus paid up per Share. No further Call to be made within twelve months of the in Dunedin ; after which future Calls will not exceed 5s per 01 ;, nor be made at shorter intervals than months between each Call. 11th. The Act of I: Bank will be so framed .<i of the Shareholder at.-:., cm S; y le satlu , u a thorough! the Promoters have much plei recommending "The Colonial Bank of 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 :e, and be more and more appreciated, i an investment for the savings of the people, and as a useful Bank. Judging from the influence and sor"' 1 "-«"""""« -~« ; .™r.™,i by the promoting Me: certain that no similar institution 1 been launched iu the Southern '. under better auspici A deputation of „,...„. visit Wellington in a few da; of application for .d "applications may be lodged with Union Bank of Australia and the Bank of Australasia. FORM OF APPLICATION FOB, SHAKES. Date 1874. TO THE PROVISIONAL COMMITTEE OP THE COLONIAL BANK OF NEW ZEALAND. men, —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 agr™ *■" *•"''" "•" said Shares, or any e allotted to me, and I further ~„ jcribe to the Articles of Association when required to do so. T "" rt ' 'lemen, ours traly, laturo Name in full Occupation Address * The Provisional C subscribed amongst themselves for 25,475 Shares, which they are prepared to take if allotted to them. Public Com arries. a>HE WELLINGTON TRUST, LOAN AND INVESTMENT COMPANY (Limited). INVESTMENTS AND LOANS. Advances mado 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 be 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 office, where the necessary information can be obtained. Loans may be repaid, and investments withdrawn at any time (on giving due notice) at fixed rates, as per tables. NO ENTRANCE FEE. DEPOSITS. Deposits received for such periods as may be agreed on. PRESENT RATE OF INTEREST, FIVE PER CENT PER ANNUM, payable half-yearly. WILLIAM ALLEN, Manager. 13 th January. Coach Factory. TTNION COACH FACTORY. <U Gjiuhnue Stuert (Opposite St. Peter's Church). The undersigned, having commenced busi-' ness in tho above premises, is prepared to execute all orders entrusted to him iu a workmanlike maimer, without delay, and on most reasonable terms. Each branch of the business will be under the supervision of skilful workmen, and all work from tho establishment guaranteed. Repairs of all descriptions exc-—"-•1 —" 11 - neatness and despatch. i also on hand, and in course of construction, double-seated buggies, oxprea waggons, two spring carts, and timber wnggoni "Country orders specially attended to. K. W. WATSON.
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Bibliographic details
New Zealand Times, Volume XXIX, Issue 4121, 5 June 1874, Page 1
Word Count
899Page 1 Advertisements Column 4 New Zealand Times, Volume XXIX, Issue 4121, 5 June 1874, Page 1
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