Prospectus. convenient for the good of commerce in Victoria or New South Wales ; or for the beneficial regulation of their exchange operations in those Colonies. Bth. The Promoters, in placing the foregoing facts before the people of this Colony, desire to point out the very great disadvantages that colonists arc 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 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 bo paid on allotment; that a Call of 5s per Share bo 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 he 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 tins Bank will he so framed as to limit the liability of the 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 of 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 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 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 i Shaves may he obtained, and applications may ■ be lodged with the Union Bank of Australia and the Bank of Australasia. POEM OP APPLICATION POE SHAPES. Date 1874. TO THE PEOVISIGNAL COMMITTEE OF THE COLONIAL BANK OE NEW ZEALAND. Gentlemen,---! hereby make application for Shares in the above Company ; and hand you herewith the sum of £ , being the amount of Pive Shillings per Share deposit on the same ; and I agree to take the said Shares, or any less number that may be allotted to mo, 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 25,475 Shares, which they are prepared to take if allotted to them. Public Companies. rfiHE WELLINGTON TEUST, LOAN J_ 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 ho 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, where the necessary information can ho obtained. Loans may be repaid, and investments withdrawn at any time (on giving duo notice) at fixed rates, as per tables. NO ENTRANCE PEE. DEPOSITS. Deposits received for such periods as may he agreed on. PRESENT BATE OP INTEREST, PIVE PEE CENT PEE ANNUM, payable half-yearly. WILLIAM ALLEN, Manager. 13th January. ELLINGTON AND WAIEAEAPA CARRYING COMPANY. The above Company hog to inform the public that they commenced operations on the Ist day of June. All goods to be forwarded by them must bo sent to their Depot, for which receipts will bo given, if accompanied with a receiving note. T. C. DARCY, Agent. NEW ZEALAND SHIPPING COMPANY (LIMITED). NOTICE. The Fourth Call of Ten Shillings per share made by the Directors is Due and Payable on or before the 7th day of July, 1874, at any of the Branches of tho Bank of Now Zealand at tho following places : Auckland Nelson Tlmam Napier Pioton Oamaru New Plymouth Wellington Dunedin _ Wanganui Christchurch Invercargill By order of the Board of Directors, JOSEPH GOULD, Christchurch, Juno ID, 1874. Secretary. PelhnongevsWILLIAM LILLIE, Wool Soiittsu and Eellmonokb, POXTON. Highest price given for SKINS, and WOOL taken to wash and carefully attended to. Orders with Mr A. Gray will bo punctually attended to. H E N E Y WALTON EELLMO N G E E, And cash Buyer of WOOL, HIDES, AND SHEEP SKINS GLENCKAGIE, Ngbanrauga Lino, Wellington.
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https://paperspast.natlib.govt.nz/newspapers/NZTIM18740630.2.26.4
Bibliographic details
New Zealand Times, Volume XXIX, Issue 4142, 30 June 1874, Page 4
Word Count
1,023Page 4 Advertisements Column 4 New Zealand Times, Volume XXIX, Issue 4142, 30 June 1874, Page 4
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