Page 4 Advertisements Column 3

New Zealand Times, Volume XXIX, Issue 4142, 30 June 1874, Page 4

Prospectus. P EC SPEC T US THE COLONIAL BANK OE NEW ZEALAND. Capital... £2,000,000 lu 400,000 shaves 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 ; Eive shillings on application ; 10s on allotment ; 5s 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 Bauk 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 lion. Mathew Holmes W. A. Tolmie, M.11.E. E. Oliver, M.P.C., Oliver and IJlph Dr Webster, M.P.C., Eunholder J. M. Ritchie, Russell, Eitchie, and Co. Charles Nichols, Dalgoty, Nichols, and Co. James Rattray, Dalgety, Nichols, and Co. J. L. Butterworth, Lutterworth Bros. Robert Wilson, E. Wilson and Co. Keith Ramsay, Jetty street George M. 8011, Eunholder, Southland John Cormaok, 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 AV. J. M. Larnach, Guthrie and Larnach Daniel Campbell, Great King street H. S. Fish, jun., Princes street AV. M. Hodgkins, of Howorth and Hodgkins R. H. Leary, High street J. H. Harris, Solicitor AVilliam Eraser, of Strode and Fraser, Runholders J. Logan, Eunholder Walter Miller, Eunholder J. A. Connell, of Connell and Moodie AV. D. Stewart, Barrister M. Price, Dunedin J. S. AVebb, AA'ebb and Fulton J. Brown, sen. C. E. Chapman, Barrister The Hon, Janies Paterson AA r . Gellibraud, Eunholder D. E. Main, Barrister-at-Law AV. J. Burton, Burton Bros. J. E. Jones, Harbor Steam Company Charles Zoile, Rattray street James Hazlett, Merchant, Clyde John Reid, Elderslie, Oamavu Robert Gillies, Gillies and Street Donald Reid, M.H.E. C. 11. Howden, Distiller, Cumberland street Charles Reid, Princes street E. Glendining, Eoss and Glendining Dr. Edward Hnlrne John Douglas, Eunholder, Mount Royal J. T. AVright, AATight, Stephenson and Co. G. F. Reid, Stafford street R. Paterson, Paterson and McLeod E. M. Robertson, Distiller, Rattray street James Shand, M.P.C. William Barron, Barron, Grant and Co. AVilliam Park, Park and Curie George Elliot Barton, Barrister-at-Law AV. D. Murison, Editor “ Daily Times ” Charles De AC Teschemakcr, Eunholder - , Taipo, Oamaru David Proudfoot, Railway Contractor Horace Eastings, M.P.C. AV. North, North and Sooullar Hugh McNeil, Briscoe and Co. John Bathgate, E.M. E. B. Cargill, Cargills and McLean H. J. AValter, Manse street E. K. Murray, Rattray street James Black, Black and Thomson Marcus Hume, Dunedin James Allen, M.P.C., East Taieri AVilliam Snow, Outram, AVcst Taieri A. J. Smith, Contractor Thomas Birch, Merchant Ed. Herbert, Mayor of Lawrence Robert Pritchard, Arrow AValter Inder, Naseby M. J. Malagan, Queenstown Job AVain, Manse street James Fulton, E.M. John Scanlan, Scaulan Brothers, Princes street AVilliam Kennedy, Rattray street The Hon John M'Lean, Eedcastle, Oamaru AVith power to add to their number. Bankers : The Union Bank of Australia. The Bank of Australasia. Ist. The groat want of a thoroughly Colonial Banking Institution for the whole Colony of New Zealand having been long felt, it has been determined by the Provisional Committee to supply the same by placing before the public tho present carefully considered scheme, with the fidl 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 fairproportions 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 tho Colony may demand and shareholders may decide; but in no instance will any of the remaining shares be offered for sale out of tho Colony without having been first offered to the Colonial holders, nor will any but a New Zealand Register be kept. 3rd. It is Intended that the Head Office of tho Bank shall be in Dunedin, and that a General Manager of high professional standing shall be appointed to guide the operations of tho Bank ; and also that a Board of qualified Directors shall bo elected from among the Committee to advise with the General Manager, and generally watch the interests of the whole Institution. 4th. As soon as a sufficient number of Shares shall have boon applied for to warrant the commencement of business, the Hoad Office will be opened in Dunedin, in suitable Premises already secured under offer, and thereafter Branches will gradually be opened in the Chief Centres of Settlement throughout tho Colony. sth. It will bo the chief aim of tho Promoters of this Bank to aid and conserve alike tho interests of the whole community in this Colony. The Mercantile, Trading, Pastoral, Agricultural, Mining, Artizau, and Laboring Classes will each have fair treatment and support from tho Colonial Bank. To tho Mining Interest, special attention will be given, with a desire to acquire for tho Miners tho Mint value of their Gold, whether in largo or small quantities, and untd such value can be ascertained, a liberal advance will bo made upon any gold deposited for the purpose of coinrluv« Gth. It is not intended by the Promoters that this Bank shall purchase Gold, but merely bo prepared to make advances upon it until realised, in tho same manner that it will bo ready to do upon wool, grain, or other produce. 7th. Tho amount of New Zealand money in tho hands of the throe Banks from Australia trading in the Colony on the 31st Deccmbcr last, as shown by their several returns furnished to tho Government, appear thus, without giving odd numbers; — Deposit. Circulation. Total. Union Bank of Australia ... Bank of Now South AValos Bank of Australasia £870,000 £123,425 500.000 101,849 103.000 38,902 £993,425 004,849 231,902 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 as it may please their tastes ; or as it may be