Page 4 Advertisements Column 4

New Zealand Times, Volume XXIX, Issue 4155, 15 July 1874, Page 4

Prospectus. J E 0 S P E 0 T IT SI OF I THE COLONIAL BANK OF NEW ZEALAND. 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; 5s f our 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.R. R. Oliver, M.P.C., Oliver and Ulph Dr "Webster, M.P.0., Runholder J. M. Eitchio, Russell, Eitchie, 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 Cormaek, of Morrison and Company, Blue Spur Captain J. T. Boyd [aggitt, 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. Fish, jun., Princes street W. M. Hodgkins, of Howorth and Hodgkins R. H. Leary, High street J. H. Harris, Solicitor William Eraser, of Strode and Eraser, Bunholders J. Logan, Runholder Walter Miller, Runholder J. A. Connell, of Connell and Moodie W. I). Stewart, Barrister M. Price, Dunedin J. S. Webb, Webb and Fulton J. Brown, sen. C. R. Chapman, Barrister The Hon. James Paterson W. Gellibraud, Runholder D. E. 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. G. E. Reid, Stafford street R. Paterson, Paterson and McLeod R. M. Robertson, Distiller, Rattray street James Shand, M.P.C. William Barron, Barron, Grant aiid Co. William Park, Park and Curie George Elliot Barton, Barrister-at-Law W. D. Murison; Editor " Daily Times " Charles De V- Teschemaker, 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 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 inal 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 be 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 been first offered to the Colonial holders, nor will any but a New Zealand Register be kept. 3rd. It IB 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 -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 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 have fair treatment and support from the Colonial Bank. To tho Mining Interest, special attention will be given, with a desire to acquire for- tho 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 the purpose of coinage. '".'■;■•'.••■• 6th. It is not intended by tho 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 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 Bank of Australia ... £870,000 £123,425 £993,425 Bank of New South Wales 560,000 104,849 064,849 Bank of Australasia ... 193,000 38,962 231,962 Showing a total of ... £1,890,236 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. '