Prospectus. Bth. The Promoters, in placing the foregoing facts before the people of this Colony, desire to point out the very great disadvantages that colonists are 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, wbicb they have bad 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 be paid on allotment; that a Call of 5s per Share be 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 be made and payable six months after Allotment—making together 30s paid up 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 mouths between each Call. 11th. The Act of Incorporation for this Bank null 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 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 Shares may be obtained, and applications may be lodged ndth the Union Bank of Australia and the Bank of Australasia. POEM OP APPLICATION POE SHAKES. Date IS7-1. TO THE PROVISIONAL COMMITTEE OF THE COLONIAL BANK OP NEW ZEALAND. Gentlemen, —I 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 me, 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. rjnilE COLONIAL BANK OP NEW ZEALAND. CAPITAL, ,£2,000,000, IN 400,000 SHAKES 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 : Pive Shillings on Application; 10s. on Allotment ; ss. two months after Allotment ; ss. four mouths 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 loss than two months thereafter. A Provisional Committee having been appointed for Wellington, applications will now be received for SHAKES at the BANK OP 'AU STEAL ASIA, UNION BANK OP AUSTRALIA, or at the OPPICE of the COMMITTEE, Willis Street, Wellington, opposite the Empire Hotel, where prospectuses and every information can be obtained. The WELLINGTON SHAKE LIST will CLOSE on 21st JULY. T. J. LADD, Secretary. ELLINGTON AND W AIR All AP A CARRYING COMPANY. The above Company bog to inform the public that they commenced operations on the Ist day of June. All goods to be forwarded by them must be sent to their Depot, for which receipts will be given, if accompanied with a receiving note. T. C. DARCY, Agent. Furs, &c. UNDER _Si j- THE SPECIAL Patbonage of His Excellency THE GOVERNOR. QOLONIAL INDUSTRYH. E. LIARDET, TAXIDERMIST AND FURRIER, _ Opposite the Nao Zealand Times Office, Willis Street. H. E. LIARDET has the honor to announce to the ladies of Wellington that he has now ready for the ensuing winter a large stock of MUPPS, TIPPETS, CUPPS, &c„ made of the skins of the choicest New Zealand sea birds. Every description of Puns Cleaned and Repaired, and made up into Tippets, Muffs, etc. Coach Factory. NION COACH FACTORY. Ghoznee Street (Opposite St. Peter’s Church). The undersigned, having commenced business in the above premises, is prepared to execute all orders entrusted to him in a workmanlike manner, without delay, and on most x'easonable terms. Each branch of the business will ho under the supervision of skilful workmen, and all work from tho - establishment guaranteed. Repairs of all descriptions executed with neatness and despatch. R.W. has also on hand, and in course of construction, double-seated buggies, express waggons, two spring carts, and timber waggons Country orders specially attended to. R. W. WATSON.
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Bibliographic details
New Zealand Times, Volume XXIX, Issue 4150, 9 July 1874, Page 4
Word Count
1,052Page 4 Advertisements Column 5 New Zealand Times, Volume XXIX, Issue 4150, 9 July 1874, Page 4
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