Page 4 Advertisements Column 5

Otago Daily Times, Issue 3862, 3 July 1874, Page 4

PUBLIC COMPANIES. PROSPECTUS op 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., 200,000 Shares, To be called up as folio ,vs: Five Shillings on implication : 10s on allotment; 5? two months after allotment; 5s four months after allotment; 5s six months after allotment; wliiuh will amount to £300,000 paid-up Capital at end of six months. No further Cill will ba made for 12 months ftfter the Bank is nrat opened in Dunedin, and future Calls will not exceed 5s per Share, to bo marie if required, at intervals of not less than three months thereafter. Provisional Committee : The Hon. llathuw Holmes W. A. Tohnie, JI.H.R. :-. R. Oliver, M.P.C., Oliver and Ulph Dr Webster, M.P.C., Runholder J. M. Ritchie, Russell, Ritchie, and Co. Charles Nichols, Dalgety, Nicliols, ami Co. James Jtattray, Dalgety, Nichols, and Co. J. L. Buttcrwo) th, Bultcrwortii Bros. Robert Wilson, R. Wilson and Co. Keith Ramsay, Jetty street George M. Bell, Runholder, Southland John Corniack, of Morrison and Company, Blue Spur Captain J. T. Boyd B. C. Haggitt, Provincial Solicitor Alexander Burt, A. and T. Bui t C. S. Reeves, M.P.C. James Maishall, Marshall and Copcland James Copeland, Cumberland street W. J. M. Larnach, Guthrie and Laniach Daniel Campbell, Great King street H. S. Fish, Jim., Princes street W. M. Hodgkins, of Howorth and Hod"kins R. H. Leary, Hufh street J. H. Harris, Solicitor Win. Fraser, of Strode and Fraser, Runholders J. Logan, Runholder Walter Miller, Runholder J. A. Connoll, of Connoll and Moodie W. D. Stewart, Barrister M. Price, Dunedin J. S. Webb Webb and' Fulton J. Brown, Sea. C. R. Chapman, Barrister The Hon. James Paterson * W. Gellibrand, Runholder D..F. Main, Barrister-al-Law W. J. Burton, Burton Br&s. J. It. Jones, Harbour Steam Company Charles Zeile, Rattray street James Hazlett, Merchant, Clyde John Keid, Elderslie, Oamaru Robert Gillies, Gillies aud Street Donald Reid, M.H.R. C. R. Howden, Distiller, Cumberland street" Charles Reid, Princes street R. Glendininjr, Ross and Glendinihg Dr Edward Hulme John Douglas, Runholder, Mount Koyal J. T. Wright, Wright, Stepbenson, and Co. G. F. Reid, Stafford street R. Paterson, Paterson and M'Leod R. M. Robertson, Distiller, Rattray street James Shand, M.P.C. Win. Barron, Barron, Grant, and Co. AVm. Park, Park and Curie George Elliot Barton, Barrister at Law W. D. Murison, Editor Dailj'Times ■ Charles De V. Tescheniaker, Runholder, Taipo, Oamaru David Proudfoot, Railway Contractor Horace Bastings, M.P.C. W. Nortli, North and Scoullar Hugh M'A'ei), Briscoe and Co. John Bathgate, R.M. E. B. Cargill, Cargills and M'Loan H. J. Walter, Manse street R. K. Muiray, Rattray street . • • . James Black, Black and Thomson Marcus Hume, Dunedin ' James Allan, M.P.C, East Taieri , William Snow,.Outram, WestTaieri . A. J. Smyth, Contractor Thomas Birch, Merchant ! Ed. 'Herbert, Lawrence Robert Pritcbardj Arrow Walter Inder, Naseby . . . M. J. Malaghan, Queenstown Job Wain, Manse street '.-.. , James Fulton, R.M. . ' John Scanlaii, Seanlan Brothers, Princes street William Kennedy. Rattray street The Hon. John M'Lean, lledcastle, Oamaru : Edmund Smith, Dunedin Savings Bank George Proudfoot, Railway Contractor C W. Flexman, Wool Merchant John M'Gregor, C.E. W. H. Cntten, late Commissioner of Crown Lands John Reid, of Corner Bush, Merton ' Henry Orbell, Bunholder, Tlie River, Waikouaiti T. A. Clowes, of Ashcroft, Spence, & Co., Oaniaru Francis M'Diarmid, Woodside, West Taieri Donald Borrle, West Taieri . . Joseph Clarke, Victoria and Moa Flat 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 'in proposed to offer to people of this Colony one half of. the nominal capital, or 200,000 shares, in fair proportions to each of the Provinces throughput 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 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 SJhares 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 mil gradually be opened in the Chief Centres of Settlement throughout the Colony. : sth. It will be the chief aim of the Promoters of this Bank to aid and conserve alike the interests of the whole,community in this Colony. The Mercantile, Trading, Pastoral, Agricultural, Mining, Artizan, and Labouring classes will each have fair treatment aud 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 the 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 hi 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 thusj without giving.odd numbers : - : • Dep63ita. Circulation. Total. Union Bank of , - Australia .. £870,000 > '..'. £123,425 .. £093,425' Batik of New ■ . South" Wales. -560,000 .. 104,849 .. 684 840 Bank of Austra- • . lasia' .. .. 193,000 .. 38,962 .. -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 Syd ney 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. 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 labour 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 rales*? of interest, and on most 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 of future monetary disturbances, which they have had on more than one occasion to deplore in the past brought about solely by sonic crisis that has occurred in one or other of the Australian Colonies, where tlie real interests of the foreign Bank most strongly take oot. 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 tity 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 bo mid on Allotment; that a Call of 5s per Share be niaue and ]> ivable two months after Allotment; that a Second Ca.i 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 iv Dunedin ; after which future Calls will not exceed 5s per Share, nor be made at shorter intervals than three months ll tween eauh Call. 11th. 'i'he Act of Incorporation for this Bank will be i so framed as to limit the liability of the Shareholders to twice the amount of tluir Shares, the sams as the other Banks. 12th. As a thoroughly Colonial Institution, the Promoters have much pleasure in strongly recommending "Tub Coiioxuii Bask of Nkw Zealand" to thesupjx>rt of all Coonists having the real welfare of New Zealand at heart. Snch an Institution is much wanted at the present time, avid as the development of the Colony proceeds, its usefulness will also increase, aud be more and wore appreciated, both as an investment for the savings of the people, and as a useful Bank. Judging from the influence and sound experience pos- | sessed by the promoting Members of Committee, it is certain that no similar Institution has over yet been launched in the Southern Hemisphere under better auspices. Applications for Shares will now be received at the Temporary Offices of the Bank, Higli street, (late Club), where Forms of Application and full information can be obtained. FORM OF APPLICATION FOR SHARES. Date 1574. TO THE PROVISIONAL COMMITTEE OP THE COLONIAL BANK OF NEW ZEALAND. Gextlejien—l hereby make application for Shares in the above Company ; and band you herewith the sum of £ ' , being the amount of Five Shillings per Share deposit on the same; and I agree to take the said Shares, or any less number that maybe allotted to me, and I further acree to sub scribe to the Articles of Association .when required to do so. I am, Gentlemen, Yours truly, SigiKituro Name in fall Occupation. Address No. Date received. 2my * The Provisional Committee have already subscribed among themselves for 25,475 Shares, which hey are prepared to take if allotted to them.