Prospectus. PR O S P E G T U >S OP THE COLONIAL HANK OF NEW ZEALAND. Capital £2,000,000 In -100,000 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 ; 30s on allotment ; os 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 5s per Share, to be made, if required, at intervals of not less than three months thereafter. Provisional Committee : The Hon. Mathew Holmes W. A. Tolmie, M.H.R. R. Oliver, M.P.C., Oliver amVUlph Dr Webster, M.P.C., Eunholder J. M. Ritchie, Russell, Eitchio, and Co. Charles Nichols, Dalgety, Nichcls, and Co. dames Eatbray, Dalgety, Nichols, and Co. J. L. Butterworth, Butterworth Bros. Hubert Wilson, E. Wilson and Co. Keith Eamsay, Jetty street George if. Bell, Eunholder, Southland John Connack, of Morrison and Company, Blue Spur Captain J. T. Boyd B. C. Haggitt, Provincial Solicitor Alexander Burt, A. and T. Burt C. S. Eueves, M.P.C. James Marshall, Marshall and Copeland James Copeland, Cumberland street W. J. M. Larnacb, Guthrie and Lamach Daniel Campbell, Great King street H. S. Fish, jun., Princes street W. M. Hodgkins, of Howorth and Hodgkins E. 11. Leary, High street J. H, Harris, Solicitor William Fraser, of Strode and Fraser, Runholdors 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. E. Chapman, Barrister The Hon. James Paterson W. Gellibrand, Eunholder D. F. Main, Barrister-at-Law W. J. Burton, Burton Bros. J. E. Jones, Harbor Steam Company Charles Zeilc, Eattray street James Hazlett, Merchant, Clyde John Eeid, Elderslie, Oamaru Robert Gillies, Gillies and Street Donald Eeid, M.H.E. C. E. Howden, Distiller, Cumberland street Charles Eeid, Princes street ! 11. Glendining, Eoss and Glendining Dr. Edward Hulme John Douglas, Eunholder, Mount Eoyal J. T. Wright, Wright, Stephenson and Co. G, F. Eeid, Stafford street i E. Paterson, Paterson and McLeod E. M. Eobertson, Distiller, Eattray street James Shaud, M.P.C, I William Ban-on, Barron, Grant and Co. William Parle, Park and Curie George Elliot Barton, Barrister-at-Law W. D. Murison, Editor “Daily Times” diaries De V. Tesehemakcr, Eunholder, j Taipo, Oamaiai I David Proudfoot, Eailway Contractor j Horace Bastings, M.P.C. W. North, North and Scoullar Hugh McNeil, Briscoe and Co. i John Bathgate, E.M. E. B. Cargill, Cargills and McLean H. J. Walter, Manse street E. K. Murray, Eattray street James Black, Black and Thomson Marcus Hume, Dunedin James Allen, M.P.C., East Taieri William Snow, Outram, 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, Eattray street The Hon John M‘Lean, Eedcastle, Oamaru With power to add to their number. Bankers : Tiie Union Bank of Australia, The Bank of Australasia. Ist. The great want of a thoroughly Colonial Banking Institution for the whole Colony of Now Zealand having boon long felt, it has 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 genera! support. 2nd. As a first stop, it is proposed to offer to the people of this Colony one half of the nominal capital or 200,000 shares, in failproportions to each of the Provinces throughout New Zealand, on the basis of the respective populations of each Province, reserving the other half to bo disposed of hereafter, as the rapid progress of the Colony may demand and shareholders may decide ; but in no instance will any of the remaining shares be offered for sale out of the Cffiony without having been first offered to the Colonial holders, nor will any but a New Zealand Register bo kept. 3rd. It is Intended that the Head Office of the Bank si mil be in .Dunedin, and that a General Manager of high professional standing shall be appointed to guide the operations of the Bank ; and also that a Board of qualified Directors shall bo elected from among the Committee to advise with the General Maua* gor, and generally watch the interests of the whole Institution. -jtli. As soon as a sufficient number of Shares shall have been applied for to warrant the commencement of business, the Head Office will be opened in Dunedin, in suitable Premises already secured under oiler, and thereafter Branches will gradually bo opened in the Chief Centres of {Settlement throughout the Colony. sth. It will be the chief aim of the Promoters of this Bank to aid and conserve alike tlic interests of the whole community in this Colony. The Mercantile, Trading, Pastoral, Agricultural, Mining, Artizan, and Laboring Classes will each have fair treatment and support from the Colonial Bank. To the Mining Interest, special attention will bo given, with 1 a desire to acquire for the Minora the Mint i value of their Cold, whether in large or small quantities, and until such value can be ascertained, a liberal advance will bo made upon any gold deposited for the purpose of coinage. fifch. It is not intended by the Promoters that this Bank shall purchase Cold, but i merely be prepared to make advances upon it until realised, in the same manner that it ! will be ready to do upon wool, grain, or other 1 produce. • ‘ | 7th. The amount of Now Zealand money m ! the hands of the throe Banka from Australia 1 trading in the Colony on the 31st December I last, as shown by their several returns furnished to the Government, appear thus, without giving odd numbers; —
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZTIM18740610.2.2.3
Bibliographic details
New Zealand Times, Volume XXIX, Issue 4125, 10 June 1874, Page 1
Word Count
992Page 1 Advertisements Column 3 New Zealand Times, Volume XXIX, Issue 4125, 10 June 1874, Page 1
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.