Page 8 Advertisements Column 4

New Zealand Times, Volume XXIX, Issue 4146, 4 July 1874, Page 8

Prospectus. P B O S P B C T tr OF THE COLONIAL BANK OF NEW ZEALAND. S Capital... ... ... £2,000,000 In 400,000 shares 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 : Five shillings on application ; 10s on allotment ; 5s two months after allotment ; os 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 Bank 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 Hon. Mathew Holmes W. A, Tolmie, M.H.B. It. Oliver, M.P.C., Oliver and ITlph Dr Webster, M.P.0., Bunholder J. M. Kitchie, Bussell, Kitchie, and Co. Charles Nichols, Dalgety, Nichols, and Co. James Battray, Dalgety, Nichols, and Co. J. L. Butterworth, Buttenvorth Bros. Robert Wilson, B. Wilson and Co. Keith Eamsay, Jetty street George M. Bell, Bunholder, 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. Beeves, M.P.C. James Marshall, Marshall and Copeland James Copeland, Cumberland street W. J. M. Larnach, Guthrie and Lamach Daniel Campbell, Great King street H. S. Fish, jun., Princes street W. M. Hodgkins, of Howorth and Hodgkins B. 11. Leary, High street J. H. Harris, Solicitor William Fraser, of Strode and Fraser, Bunholders J. Logan, Bunholder Walter Miller, Bunholder J. A. Connell, of Connell and Moodio W. D. Stewart, Barrister M. Price, Dunedin J. S. Webb, Webb and Fulton J. Brown, son. C. B. Chapman, Barrister The Hon. James Paterson W. Gellibrand, Bunholder D. F. Main, Barrister-at-Law W. J. Burton, Burton Bros. J. B. Jones, Harbor Steam Company Charles Zeile, Rattray street James Hazlett, Merchant, Clyde John Reid, Elderslie, Oamaru . Robert Gillies, Gillies and Street Donald Reid, M.H.B. C. B. Howden, Distiller, Cumberland street Charles Reid, Princes street B. Glendining, Ross and Glendining Dr. Edward Hulme John Douglas, Bunholder, Mount Royal J. T. Wright, Wright, Stephenson and Co. G. F. Reid, Stafford street E. Paterson, Paterson and McLeod B. M. Robertson, Distiller, Rattray street James Shand, M.P.C. William Eari’oxx, Barx’Oix, Gx'ant and Co. William Park, Park and Curie George Elliot Barton, Barrister-at-Law W. D. Murison, Editor “ Daily Times ” Charles De V. Teschemakex-, Bunholder, Taipo, Oamaru David Proudfoot, Railway Contractor Horace Bastings, M.P.C. W. North, North and Scoullar Hugh McNeil, Briscoe and Co. John Bathgate, E.M. E. B. Cargill, Cargills and McLean H. J. Walter, Manse street R, K. Murray, Battray street James Black, Black and Thomson .Marcus Hxxmo, Dunedin James Allen, M.P.C., East Taieri William Snoxv, Outram, West Taieri A. J. Smith, Contractor Thoxnas Birch, Merchant Ed. Herbert, Mayor of Lawrence Robert Pritchard, Arrow Walter Inder, Nasoby M. J. Malagan, Queenstown Job Wain, Manse street James Fulton, B.M. John Scanlan, Soanlan Brothers, Princes street William Kennedy, Battray street The Hon John M'Leaxx, Eedcastle, Oamaru With power to add to their number. Bankers ; The Union Bank of Australia. The Bank of Australasia. Ist. The great want of a thoroughly Coloxxial 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 the present carefxxlly considered scheme, with the full confidcxxco that it will meet with very general support. 2nd. As a first step, it is px;oposed 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 Nexv 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; hxxt in no instance xvill 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 Nexv Zealand Register be kept. 3rd. It is Intended that the Head Office of the Bank shall be in Dunedin, and that a General Manager of high professional standing shall be 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 xxdtlx the General Manager, and generally watch the interests of the whole Institution. 4th. As soon as a sufficient number of Shares shall have been applied for to xvarrant the commencement of business, tlxo Head Office xvill be opened in Dunedin, in suitable Premises already secured under offer, and thereafter Brandies xvill gradually be opened in the Chief Centres of Settlement throughout the Colony. sth. It xvill bo the chief aim of the Promoters of this Bank to aid and conserve alike the interests of the xvhole community in this Colony. The Mercantile, Trading, Pastoral, Agricultural, Mining, Artizan, and Laboring Classes xvill each have fail* treatment and support from the Colonial Bank. To the Mining Interest, special attention xvill_ be given, xvitlx a desire to acquire for the Miners the Mint value of their Gold, whether in largo or small quantities, and until such value can be ascertained, a liberal advance xvill be made upon any gold deposited for the purpose of coixxa°c'tlx. It is not intended by the Promoters that this Bank shall purchase Gold, hut merely he prcpax*ed to make advances upon it until realised, in the same manner that it xvill be ready to do upon xvool, grain, or other produce. _ , _ 7th. The amount of Nexv Zealand money m the hands of the three Banka from Australia trading in the Colony on the 31st December last, as shoxvn by their several returns furnished to the Government, appear thus, xvxthout giving oxld numbers; — Deposit. Circulation. Total. Union Bank of Australia ... £870,000 £123,425 £993,4-5 Bank of Nexv South Wales Bank of Australasia 500.000 193.000 104,849 004,849 38,962 231,902 Slxoxving a total of ... £1,890,236 or nearly txvo millions of money belonging to colonists entrusted, to Boards of Directors in Melbourne or Sydney to control or manipulate _ s it may please their tastes ; or as it may bo