Page 4 Advertisements Column 4

New Zealand Times, Volume XXIX, Issue 4150, 9 July 1874, Page 4

Prospectus. PKOSPEOT-TJS OF THE COLONIAL BANK OE NEW ZEALAND. Capital... ... ... £2.000,000 la 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 : Pive 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 Bank is first opened in Duiiedin, and future Calls will not exceed as 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.E. 11. Oliver, M.P.C-, Oliver and Ulph Dr Webster, M.8.C., Eunholder J. M. Eitchie, Enssell, Eitchie, and Co. Charles Nichols, Dalgsty, Nichols, and Co. James Eattray, Daigety, Nichols, and Co. J. L. Butterworth, Butterworth Bros. Robert Wilson, E. Wilson and Co. Keith Karasay, Jetty street George M. Bell, Eunholder, Southland John Cormack, of Morrison and Company, Bine Spur Captain J. T. Boyd B. C. Haggitt, Provincial Solicitor Alexander Burt, A. and T. Burt O. S. Eeeves, M.P.C. James arid Copeland James Copeland, Cumberland street W. J. M. Larnach, Outline and Larnach Daniel Campbell, Great King street H. S. Pisb, juu., Princes street W. M. Hodgkins, of Howorth and Hodgkins E. H. Leary, High street J. H. Harris, Solicitor William Eraser, of Strode and Eraser, Eunholders J. Logan, Eunholder Walter Miller, Eunholder J. A. Connell, of Connell and Moodie W. D. Stewart, Barrister M. Price, Dunedin J. S. Webb, "Webb and Pulton J. Brown, sen. O. E. Chapman, Barrister The Hon. James Paterson W. Gellibrand, Eunholder D. F. Main, Barrister-at-Law W. J. Burton, Burton Bros. J. K. Jones, Harbor Steam Company Charles Zeile, Eattray street James Hazlett, Merchant, Clyde John Eeid, Eldorslio, Camara Eohert Gillies, Gillies and Street Donald Eeid, M.H.E. C. E. Howden, Distiller, Cumberland street Charles Eeid, Princes street E. Glendining, Boss and Glendiuing Dr. Edward Huhne John Douglas, Eunholder, Mount Koyal J. T. Wright, Wright, Stephenson and Co. G. E. Eeid, Stafford street K. Paterson, Paterson and McLeod E. M. Eobertson, Distiller, Eattray street James Shand, M.P.C. William Barron, Barron, Grant and Co. William Park, Park and Curls George Elliot Barton, Barrister-at-Law W. D. Munson, Editor “ Daily Times ” .Charles De Y. Tcseheinaker, Eunholder, Taipo, Camara David Proudfoot, Eailway 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 E. K. Murray, Eattray street James Black, Black and Thomson Marcus Hume, Dunedin James Allen, M.P.C., East Taieri William Snow, Outram, West Taieri A. J. Smith, Contractor Thomas Birch, Merchant Ed. Herbert, Mayor of Lawrence Eobert Pritchard, Arrow Walter luder, Naseby M. J. Malagan, Queenstown Job Wain, Manse street James Fulton, E.M. John Scanlau, Scanlan Brothers, Princes street William Kennedy, Eattray street The Hon John M‘Loan, Eedeaatle, 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 Colonial Banking Institution for the whole Colony of New Zealand having boon long felt, it has been determined by the Provisional Committee to supply the same by placing before the public the present carefully considered 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 ho 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 boon first offered to the Colonial holders, nor will any but a New Zealand Eegister bo kept. 3rd. It is Intended that the Head Office of the Bank shall bo in Dunedin, 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 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 been applied for to warrant tbo 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 the 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, Artizan, and Laboring Classes will each havo fair treatment and support from the Colonial Bank. To tho Mining Interest, special attention will lie given, with a desire to acquire for tho Miners the Mint value of their Gold, whether in largo or small quantities, and until such value can bo ascertained, a liberal advance will bo made upon any gold deposited for tho purpose of coinage. 6th. It is not intended by tbo Promoters that this Bank shall purchase Gold, but merely bo prepared to make advances upon it until realised, in the same manner that it will bo 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 tho 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. Union Panic of Australia ... £870,000 £123,425 £993,425 Bank of New South Wales 560,000 104,849 604,849 Bank of Australasia ... 193,000 38,902 231,902 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 convenient for tho good of commerce in Victoria or New South Wales ; or for tho bonefi-' cial regulation of their exchange operations in those Colonies.