Article image
Article image

Prospectus. convenient for the good of commerce in Victoria or New South Wales ; or for the heneficial regulation of their exchange operations in those Colonies. Bth. The Promoters, in 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 be lent 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 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 200,000 Shares shall bo conducted by Committees, to bo 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 5s per Share bo made and payable six months after Allotment—making together 80s paid up per Share. No further Call to be 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 months between each Call. 11th. The Act of Incorporation for this Bank will bo so framed as to limit the liability of the Shareholders to twice the amount of their Shaves, the same as the other Banks. 12th. As a thoroughly Colonial Institution, the Promoters have much pleasure in strongly recommending “ The Colonial Bank op 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 ju'csent time ; and as the development of the Colony 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 the 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 the 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 OF APPLICATION FOB SHAPES. Date 1871. TO THE PROVISIONAL COMMITTEE or 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 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 25,-175 Shares, which they are prepared to take if allotted to them. Public Companies. npHE 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 be made and money borrowed, on tile principle of Building Societies at any time, and for such periods ns 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 tallies. NO ENTRANCE FEE, DEPOSITS, Deposits received for such periods as may bo agreed on. PRESENT RATE OF INTEREST, FIVE PER CENT PER ANNUM, payable half-yearly. WILLIAM ALLEN, Manager. 13 th January. WELLINGTON AND WAIRARAPA CARRYING COMPANY. The above Company bog to inform the public that they commenced operations on the Ist day of Jline. All goods to bo forwarded by them must bo sent to their Depot, for which receipts will be given, if accompanied with a receiving note. T. C. DARCY, Agent. For sale. I BOR SALE.—I have a very handsome .' double-seated Buggy (highly finished) a first-class City Express (now), also a Family Cab, convertible into an open waggonette, carries eight, GEORGE POUND, COACH AND HERALDIC PAINTER, Gilder on Glass, &o. Willis Street, near the Scotch Church. N.B.—Work done for the trade. |BOR SALE, the ENTIRE DRAUGHT JD HORSE YOUNG GENERAL, _ Just Imported from Tasmania. PumcmEK : Young General, aged six years ; sire, General, imported to Tasmania ; dam, Elowor, hy Matchless; g.d., Old Mower. Old Flower was well known as the best mare in Tasmania, and won all the first prizes at the Tasmanian shows. The half-sister of Young General is the prize mare in Tasmania at the present time. For price or further particulars apply to E. MEREDITH, JUN„ Wharoama; or B. LUCAS, Auctioneer, Greytown. May 30th, 1874. FOR SALE, PRIVATELY.—That valuable Lino of Coaches running between Wellington and Porirun. Apply to SAMUEL PROSSER, Crown and Anchor,

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NZTIM18740618.2.25.4

Bibliographic details

New Zealand Times, Volume XXIX, Issue 4132, 18 June 1874, Page 4

Word Count
1,048

Page 4 Advertisements Column 4 New Zealand Times, Volume XXIX, Issue 4132, 18 June 1874, Page 4

Page 4 Advertisements Column 4 New Zealand Times, Volume XXIX, Issue 4132, 18 June 1874, Page 4