Page 1 Advertisements Column 4

New Zealand Times, Volume XXIX, Issue 4128, 13 June 1874, Page 1

Prospectus. Deposit. Circulation. Total. Union Bank of Australia ... £370,000 £123,125 *‘993,-125 Bank of Now South Wales 560,000 101,819 COJ.SIO Bank of Australasia ... 193,000 38,9(52 231,902 Showing a total of ... £1,890,230 ov nearly two millions of money belonging to colonists entrusted to Boards of Directors in Melbourne or Sydney to control or manipulate ills it may please their tastes ; or as it may bo convenient for the good of commerce in Victoria or New South Wales ; or for the beneficial regulation of their exchange operations in those Colonies. Sth. 'l'he Promoters, in placing the foregoing facts before the people of this Colony, desire to point out the very groat disadvantages that colonists are sure to labor under by lending—or wither giving—such a large sum of money as stated above to foreign Banks, to be lent back to tho 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 tho 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 in one or other of the Australian Colonies, where the real interests of the foreign Bank most strongly take root. 9th. It has been determined by the Promoters that the first issue of 209,000 Shaves 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 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 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 be made and payable four months after allotment ; and that a Third Call of Os per Share be made and payable six months after Allotment—making together 30,s paid up per Share. No further Call to be made within twelve months of tile Bank first commencing business in Dunedin ; after which future Calls will not exceed 5s per Shave, nor be made at shorter intervals than three months between each Call. | lltli. The Act of Incorporation for this Bank will be so framed as to limit the liability of tho 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 haring the real welfare of New Zealand at heart. Snell an Institution is much wanted at the present time ; and as the development of the Colony proceeds, its usefulness will also increase, and be more and more appreciated, both as an investment for the savings of the people, and as a useful Bank. Judging from the influence and sound experience possessed by tho promoting Members of Committee it is certain that no similar institution has ever yet been launched in the Southern Hemisphere under better auspices. A deputation of Provincial Directors will visit Wellington in a few days for tho purpose of co-operating with a local Provisional Committee. Meantime forms of application for Shares may be obtained, and applications may be lodged with the Union Bank of Australia and the Bank of Australasia.

FORM OR APPLICATION FOR SHARES. Rato 1871. TO THE PROVISIONAL COMMITTEE OF THE COLONIAL BANK OF NEW ZEALAND. Gentlemen,---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 agree to take the said Shares, or any less number that may bo 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 21,175 Shares, which they are prepared to take if allotted to them. Public Com anies. rfIHE 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 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 he 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, whore the necessary information can bo obtained. Loans may be repaid, and investments withdrawn at any time (on giviug due notice! at fixed rates, as per tables. NO ENTRANCE FEE. DEPOSITS. Deposits received for such periods as may he agreed on. PRESENT RATE OF INTEREST, FIVE PER CENT PER ANNUM, payable half-yearly. WILLIAM ALLEN, Manager. 13th January. Coacli Factory. UNION COACII FAC TOR Y. Ghuznee Street (Opposite St. Peter’s Church). The 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 reasonable terms. Each branch of tile business will be under tho supervision of skilful workmen, and all work from the establishment "nnrantced. 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.