Page 4 Advertisements Column 3

New Zealand Times, Volume XXIX, Issue 4140, 27 June 1874, Page 4

Prospectus. THE COLONIAL BANK OF NEW ZEALAND. Capital £2,000,000 la 400,000 shares of £5 each. fered to the Public by a first is; one-half, viz., 20,000 shares, To be called up as follows : Five shillings on application ; 10s on allotment ; 5s two months after allotment; 5s four months after allotment; 5s s: 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 Dunediii, and future Calls will not exceed 5s per Share, to be made, if required, at intervals of not less than three months thereafter. Peovisional Committee : The Hon. Mathew Holmes W. A. Tolmie, M.H.R, R. Oliver, M.P.C., Oliver and Ulph Dr Webster, M.P.C., Runholder J. M. Ritchie, Russell, Ritchie, and Co. '"' n Nichols, Dalgety, Nichols, and Co. lattray, Dalgety, Nichols, and Co. J. L. Butterworth, Butterworth Bros. Robert AVilson, R. Wilson and Co. Keith Ramsay, Jetty street George M. Bell, Runholder, Southland John Cormack, of Morrison and Company, Blue Spur Captain' J. T. Boyd B. C. Haggitt, Provincial Solicitor Alexander Burt, A. and T. Burt C. S. Reeves, M.P.C. James Marshall, Marshall and Copeland James Copeland, Cumberland street W. J. M. Lavnach, Guthrie and Larnach Daniel Campbell, Great King street H. S. Pish, jun., Princes street W. M. Hodgkins, of Howorth and Hodgkins R. H. Lcary, High street J. 11. Harris, Solicitor William Eraser, of Strode and Eraser, Runholders J. Logan, Runholder Walter Miller, Runholder J. A. Connell, of Connell and Hoodie W. D. Stewart, Barrister M. Price, Dimedin J. S. Webb, Webb and Eulton J. Brown, sen. C. R. Chapman, Barrister The Hon. James Paterson W. Gellibrand, Runholder D. E. Main, Barrister-at-Law W. J. Burton, Burton Bros. J. R. Jones, Harbor Steam Company Charles Zeile, Rattray street John Reid, Elderslie, Oamaru Robert OHllies, Gillies and Street Donald Reid, M.H.R. C. R. Howden, Distiller, Cumberland street Charles Reid, Princes street R. Glendining, R Dr. Edward Huliue John Do\iglas, Runholder, Mount Royal J. T. Wright, Wright, Stephenson and Co. G. E. Reid, Stafford street R. Paterson, Paterson and McLeod R, M. Robertson, Distiller, Rattray street James Shand, M.P.C. William Barron, Barron, Grant and Co. William Park, Park and Curie George Elliot Be W. D. Murison, jiuim -""">•> Charles De V. Teschemakcr, Runholder, Taipo, Oamaru David Proudfoot, Railway Contractor Horace Bastings, M.P.C. W. North, North and Scoullar Hugh McNeil, Briscoe and Co. John Bathgate, R.M. E. B. Cargill, Cargills and McLean H. J. Walter, Manse street R. K. Murray, Rattray street James Black, Black and Thomson Marcus Hume, Dimedin 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 str— * T :s Eultor "* r Scanlai , street William Kennedy, Rattray street The Hon John M'Lean, Redcastle, Oamaru With power to add to their number. Ist. The great want of a thoroughly Colonial Banking Institution f- "•" -^" 1 " r<iln™ of New Zealand having been determined by the Provisional C mittee to supply the same by placing be the public the present carefully consid. scheme, with the full confidence that it will meet with very general support. 2nd. As a first step, it is proposed to offer to the people of this Colony one half of the nominal capital or 200,000 shares, in fair proportions to each of the Provinces throughout New Zealand, on the basis of the respective populations of each Province, reserving the other half to be 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 Colony 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 shall be in Dunediu, and that a General Manager of high professional standing shall bo appointed to guide the operations of "the Bank ; and also that a Board of qualified Directors shall be elected from among the Committee to advise with the General Manager, and generally watch the interests of tl whole Institution. 4th. 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 Dimedin, in suitable Premises already secured under offer, and thereafter Branches will gradually be opened in the Chief Centres of Settlement throughout the Colony. sth. It will be the chief aim of the Promotors of this Bank to aid and conserve alike the 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 be given, with a desire to acquire for the Miners the Mint value of their Gold, whether in large or small quantities, and until such value can bo ascertained, a liberal advance rail be made upon any gold deposited for the purpose of coinage. Cth. It is not intended by the Promoters that this Bank shall purchase Gold, but merely be prepared to make advances upon it until realised, in the ss.me manner that it will be ready to do upon wool, grain, or other produce. 7th. The amount of New Zealand money in the hands of the three Banks from Australia trading in the Colony on the 31st December last, as shown by their several returns furnished to the Government, appear thus, without giving odd numbers; — Deposit. Circulation. Total. Jank of alia ... £370,000 £123,420 £093,425 Bank of New South Wales . 500,000 101,849 004,849 Bank of Australasia ... 193,000 38,962 231,902 Showing a total of ... £1,890,230 or nearly two millions of money belonging to colonists entrusted to Boards of Directors in Melbourne or Sydney to control or manipulate ■tes ; or as it may be ■myiiHMWM