Page 4 Advertisements Column 4

New Zealand Times, Volume XXIX, Issue 4154, 14 July 1874, Page 4

Prospectus. j r o s -p 'B o. T u s OF THE COLONIAL BANK OF NEW ZEALAND. Capital ... £2,000,000 In 400,000 shares of £6 each. ?o he 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 allotnount to > ± . _ id of six months. ~ T ' -ther Call will be made for twelve „fter the Bank is first opened in Duni, and future Calls will not exceed 5s per snare, 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.K. K. Oliver, M.P.C., Oliver and Ulph Dr Webster, M.P.C., Eunholder J. M. Ritchie, Russell, Ritchie, and Co. Charles Nichols, Dalgety, Nichols, and Co. James Rattray, Dalgety, Nichols, and Co. J. L. Butterworth, Butterworth Bros. Robert Wilson, R. Wilson and Co. Keith Ramsay, Jetty' street George M. Bell, Eunholder, 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. Reeves, M.P.C. James Marshall, Marshall and Copeland James Copeland, Cumberland street W. J. M. Larnach, Guthrie and Larnach Daniel Campbell, Great King street H. S. Pish, jun., Princes street W. M. Hodgkins, of Howorth and I R. H. Leary, High street J. H. Harris, Solicitor William Eraser, of Strode and Fraser, Runholders J. Logan, Runholder Walter Miller, Runholder J. A. Connell, of Connell and Moodie W. D. Stewart, Barrister M. Price, Dunedin J. S. Webb, Webb'and-Fulton J. Brown, sen. The Hon. James Paterson W. Gellibrand, Runholder D. F. Main, Barrister-at-Law W. J. Burton, Burton Bros. J. R. 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.R. C. R, Howden, Distiller, Cumberland street Charles Reid, Princes street R. Glendining, Ross and Glendining Dr. Edward Hulme John Douglas, Runholder, Mount Royal J. T. Wright, Wright, Stephenson and Co. "■ T. Reid, Stafford street _ > atersou, Paterson and McLeod R. M. Robertson, Distiller, Rattray street' James Shand, M.P.C. William Barron, Barron, Grant and Co. William Park, Park and Curie George Elliot Barton, Barrister-at-Law W. D. Murison, Editor " Daily Times " Charles De V. Tescheniaker, Runholder, Taipo, Oamaru David Proudfoot, Railway Contractor Horace Bastings, M.P.C. W. North, North and Scoullar Hugh McNeil, Briscoe and Co. John Bathgate, R.M. E. B. Cargill, Cargills and McLean H. J. Walter, Manse street R. K. Murray, Rattray 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 Robert Pritchard, Arrow Walter Inder, Naseby M. J. Malagan, Queenstown Job Wain, Manse street James Fulton, R.M. John Scanlan, Scanlan Brothers, Princes street William Kennedy, Rattray street The Hon John M'Lean, Redcastle, 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 been long felt, it h been determined by the Provisional Cor mittee 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 ,inal capital or 200,000 shares, in fair tions to each of the Provinces throughoui now Zealand, on the basis of the ™~"- five populations of each Province, n the other half to be disposed of her the rapid progress of the Colony maj and shareholders may decide; but in no instance will 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 New Zealand iter be kept. __:l. It is Intended that the Head Office of the Bank shall be in Dunedin, and that a " -neral Manager of high professional stand- ; shall be appointed to guide the operations ~3ank; and also that a Board of qualiectors shall be 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 the commencement of business, the Head 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 be ; thp chief aim of the Promoters" of this Bank to aid and conserve alike ''le interests of tho whole community in this _olony. The Mercantile, Trading, Pastoral, Agricultural, Mining, Artizan, and Laboring Classes will each have fair treatment and support from the Colonial Bank. To the Mining Interest, special attention will be given, with a desire to acquire for the Miners the Mint value of their Gold, whether in large or small quantities, and until such value can be ascertained, a liberal advance will be made upon any gold deposited for tho purpose of coinage. 6th. It is not intended by the Promoters that this Bank shall purchase Gold, but merely be prepared to make advances upon it until realised, in the same manner that it will be 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 the Colony on tho 31st December last, as shown by their several returns furnished to tho Government, appear thus, without giving odd numbers; — Deposit. Circulation. Total. Union Bank of ; Australia- £870,000 £123,425 £993,425 Bank of Now South Wales 500,000 104,849 004,849 Bank of Australasia ... 193,000:' 88,902 231,902 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 the good of commerce in Victoria or New South Wales ; or for the beneficial regulation of their exchange operations in those Colonies. '