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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 tli.it. colonists are sure to labor under by lendingrather 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 inte- --•>*■ and on more arbitrary conditions Tlirv. efore, have no hesitation in sugg "■ ■-•--■•- 0 f the c- 1 — ; " lin the at i moneys ; as by so doing they will — 4 — -"" ''"-troy the risk in future ~, -which they ]]- '--J casion to deplore m xue olely by some crisis that :1 in one or other of the Aust , where the real interests of the foreign jst strongly take root. 9th. It has been determined by the Prothat the first issue of 200,000 Shares 1 ' ■"" 1 1 ~ " mmittees, to be a" chief city in ea< „ Will be giVml ni- r ; but each : mal Committee is willing to become _■ for the number of Shares standing ite 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 id payable two months after Allotment; that a Second Call of 5s per Share be made and payable four months after allotment ; and rd Call of 5s per Share be made and _ __x months after Allotment—making together 30s paid vip 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 be 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 influ by the promoting Members of Committee it is certain that no similar institution has ever yel been launched in the Southern Hemisphere under better auspices. A deputation of Provincial Directors w" visit Wellington in a few days for the purpc of co-operating with a local Provisional Committee. Meantime forms of applic" 4 " 1 '"" f ™ Shaves may be obtained, and applicants be lodged with the U" : ™ " R "" 1 ' " f ■*"=+>•«!" and the Bank of Aust FORM OF APPLICATION FOB SHAPES. Date 1574. TO THE PROVISIONAL COMMITTEE OF THE COLONIAL BANK OP NEAV 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 ------i t ,t 0 t a ]c e the _ __ _____ _ess number ly bo allotted to me, and I further —i •_._, (, Q ti ie Articles of As""™" d to do so. I am, Gentlemen, Yours truly, Signature Name in full Occupation Date received. miittee have already ~_„ „__.emselves for 25,475 ey are prepared to take if Public Companies. COLONIAL BANK OP NEW CAPITAL, £2,000,000, IN 400,000 SHARES OP £5 EACH. To be offered to the Public by a first issue of one-half, viz., 200,000 Shares, to be called up as follows : Five Shillings on Application; 10s. on Allotment ; ss. two months after Allotment ; . four months after Allotment ; ss. six months after Allotment; which will amount to £300,000 paid-up capital at the 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 ss. per Share, to be made, if required, at intervals of not less than two months thereA Provisional Committee having boon appointed for Wellington, applications will now be received for SHARES at the BANK OF AUSTRALASIA, UNION BANK OF AUSTRALIA, or at the OFFICE of the COMMITTEE, Willis Street, Wellington, opposite the Empire Hotel, where prospectuses and every information can be obtained. The WELLINGTON SHARE LIST will CLOSE on 10th JULY. T. J. LADD, Secretary. ELLINGTON AND WA] CARRYING COMPANY. The above Company beg to inform the public that they commenced operations on the Ist day of Juno. All goods to bo forwarded by them must be sent to their Depot, for which receipts will be given, if accompanied with a receiving note. T. O. DARCY, Agent. TVTEW ZEALAND SHIPPING COM'X PANY (LIMITED). 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 the Bank of New Zealand at the following places : —■ Auckland Nelson Timaru Napier Picton Oamavu New Plymouth Wellington Dunedin Wnngaum Christchurch Invercargill By order of the Board of Directors, JOSEPH GOULD, Secretary. Christchurch, June 15, 1871. NEW ZEALAND SHIPPING COMPANY (LIMITED.) The Company is prepared to receive Calls in advance not exceeding in all £5 (Five Pounds) per Share, and to allow interest upon such jiropayments. Full particulars may be obtained upon application at the offices of the Company. By order of the Board of Directors, JOSEPH GOULD, Ckriatclrarcli, Ist July, 1874.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NZTIM18740706.2.21.5

Bibliographic details

New Zealand Times, Volume XXIX, Issue 4147, 6 July 1874, Page 4

Word Count
948

Page 4 Advertisements Column 5 New Zealand Times, Volume XXIX, Issue 4147, 6 July 1874, Page 4

Page 4 Advertisements Column 5 New Zealand Times, Volume XXIX, Issue 4147, 6 July 1874, Page 4

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