Page 4 Advertisements Column 4

New Zealand Times, Volume XXIX, Issue 4156, 16 July 1874, Page 4

Prospectus. Prospectus or THE COLONIAL BANK OE NEW ZEALAND. Capital. .. ... £2,000,000 In 400,000 shares of £6 each. To be offered to the Public by a first issue of one-half, viz., 20,000 shares. To be called up as follows : Eivo shillings on application ; 10s on allotment ; 5s two months after allotment; 5s four months after allotment; 5s six mouths 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. Tolrnie, M.H.R. R. Oliver, M.P.C., Oliver and Ulph Dr Webster, M.P.C., Runholder J. hi. Ritchie, Russell, Ritchie, and Co. Charles Nichols, Dalgety, Nichcls, 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, Runholder, Southland John Comrade, 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 Lamach Daniel Campbell, Great King street H. S. Pish, jun., Princes street W. M. Hodgkins,, of Howorthand Hodgkins R. H. Leary, High street J. H. Harris, Solicitor William Eraser, of Strode and • Eraser, 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 Eulton J. Brown, sen. C. R. Chapman, Barrister The Hon. James Paterson W. Gellibrand, Runholder D. E. Main, Banister-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 Huhne John Douglas, Runholder, Mount Royal J. T. Wright, Wright, Stephenson and Co. G. E. Reid, Stafford street R. Paterson, Paterson and McLeod E. 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 Do Y. 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 E. K. Murray, Rattray street James Black, Black and Thomson Marcus Hume, Dunedin James Allen, M.P.C., East Taiei’i 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 Eulton, R.M. John Scanlan, Scanlan Brothers, Princes street William Kennedy, Rattray street The Hon John M'Lean, Eedcastle, 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 null 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 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 is Intended that the Head Office of the Bank shall be 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 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 bo opened in the Chief Centres of Settlement throughout the Colony. sth. It will bo the chief aim of the Promoters of this Bank to aid and conserve alike the interests of tiro 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 the Mining Interest, special attention will be given, with a desire to acquire for the Minors 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 the 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 Now Zealand money m the hands of the three Banks from Australia trading in the Colony on the 31st December last, as shown by their • several returns furnished, to the Government, appear thus, without giving odd numbers Union Bank of Australia ... Bank of New South Wales Bank of Australasia Deposit. Circulation. Total. £870,000 £123,425- £093,425 560,f)00 104,849 004,849 193,000 38,902 231,902 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 tho good of commerce in Victoria or New South Wales or for the beneficial regulation of their exchange operations in those Colonies.