Page 1 Advertisements Column 4

New Zealand Times, Volume XXIX, Issue 4124, 9 June 1874, Page 1

Prospectus. Deposit. Circulation. Total. Union Bank of Australia ... £870,000 £123,425 £093,425 Bank of New South Wales 560,000 104,849 664,849 Bank of Australasia ... 193,000 38,902 231,962 Showing a total of ... £1,890,236 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 be 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 he, lent hack to the people 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 lias 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 dotennined by the Promoters that the first issue of 200,000 Shares shall be conducted by Committees, to ho appointed severally in the chief city in cadi Province ; and no Shares will be given or re- 1 served to the Promoters ; but each member of I 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 5s per Shave be paid on Application ; that 10s per share he paid on allotment ; that a Call of 5s pier Share he made and playable two months after Allotment; that a Second Call of 5s pier Shave be made and playable four months after allotment; and that a Third Call of 5s pier Share be made and piavahle.six months after Allotment—maldng together 30s paid npi pier Share. No further Call to bo made within twelve months of the Bank first commencing business in Dunedin ; after which future Calls will not exceed 5s pier Share, nor be made at shorter intervals than three months between each Call. 11th. The Act of Incorpioration 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 of New Zealand ” to the supipiort of all Colonists having the real welfare of New Zealand at heart. Such an Institution is ranch wanted at the piresent time ; and as the dcvelopiment of the Colony piroceeds, its usefulness will also increase, and be more and more appreciated, both as an investment for the savings of the pieopde, 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 Hemispihere under better auspiices. A depnitation of Provincial Directors will visit Wellington in a few days for the purpose of 00-opierating with a local Provisional Committee. Meantime forms of application for Shares may ho obtained, and applications may be lodged with the Union Bank of Australia and the Bank of Australasia. FORM OP APPLICATION FOR SHARES. Date 1874. TO THE PROVISIONAL COMMITTEE OF THE COLONIAL BANK OE NEW ZEALAND. Gentlemen, —I hereby make application for Shares in the above Company ; and hand yon herewith the sum of £ , being the amount of Eivo Shillings pier Share deposit on the same ; and I agree to take the said Shares, or any loss number that may he 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 25,475 Shares, which they are piropiarod to take if allotted to them. Public Com anies. IS iHE WELLINGTON TRUST, LOAN JL AND INVESTMENT COMPANY (Limited). INVESTMENTS AND LOANS. Advances made on real Estate, or Leaseholds, repayable by monthly instalments, including principial 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, &o,) 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 pirogross. Investments can be made and money borrowed, on the pirinoipilo of Building Societies at any time, and for such periods as may suit the convenience of investors or borrowers as pier tallies to be seen at the office, where the necessary information can he obtained. Loans may ho ropiaid, and investments withdrawn at any time (on giving duo notice) at fixed rates, as pier tables. NO ENTRANCE PEE. DEPOSITS. J Deposits received for such periods as may ’ lie agreed on. PRESENT RATE OP INTEREST, LIVE PER CENT PER ANNUM, payable half-yearly, WILLIAM ALLEN, Manager. 13th January. Coacli Factory. UNION COACH If AGTO RY. Ghuznek Stkeet (Opposite St. Peter’s Church). The undersigned, having commenced business in the above pjremisos, is pirepiared to execute all orders entrusted to him in a workmanlike manner, without delay, and on most reasonable terms. Each branch of the business' will be under the 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.