Page 5 Advertisements Column 3

Otago Daily Times, Issue 3863, 4 July 1874, Page 5

PPBLIO NOTICES. PHOSPECTtTS THE COLONIAL FBANK OF NEW -B- ZEALAND. CAPITAL £2,000,000 In 400,000 Shares of £5 each. To be offered to the Public by a first issue of oae half viz., 200,000 Share", To be called up as folio ws :— Five Shillings) on appiication : 10s on allotment • 5 5 two months after allotment; 5s four months after allotment; 6s six months after allotment • «hi"h will amount to £300,000 paid-up Capital at end of eiE months. • No further Call will be made forl2manths after the Ba.uk is first opened in Dunedin, and future Call-: 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.It. It Oliver, M.P.C., Oliver and Ulpb. Dr Webster, M.P.C., Runholder ; J. If. Ritchie, Russell, Ritchie, and Co ; Charles Nichols, Dalgety, Niehols, and Co. James Rattray, Dalgety, Nichols, and Co. J. L. Buttc-rwoith, Bulterworth Bros. Robert Wilson, R. Wilson and Co Keith Ramsay, Jetty street George M. Bell, Runholder, Southland John Cormack, of Morrison and Company Blue Spur * Captain J. T. Boyd B. C. Hagg.tt, Provincial Solicitor Alexander Burt, A. and T. Bmt C. S. Reeves, M.P.C. James Marshall, Marshall and Copeland James Copeland, Cumberland street W. J. 11. Larnach, Guthrie and Lamacb. Daniel Campbell, Great King street H. S. Fish, Jun., Princes street W. M. Hodgkins, of Howorth and Hodffkins 8,. H. Lesuy, High street J..H. Harriis, Solicitor Wm. Fiuser, of Strode and Fraser, RuahoMers J. Logan, Runholder Walter Miller, Runholder J. A. Conncll, of Connell and Hoodie W. D. Stewart, Barrister 1L Price, Dunedin J. S.Webb Webb and Fulton ' - J. Brown, Sen. C. R. Chapman, Barrister The Hon. J&mes Paterson W. GeUibrand, Runholder D. F. Main; Barrister-al-Law W. J. Burton, Burton BrGs. J. E, Jones, Harbour Steam Company Charles Zeile, Rattray street James Hazlett, Merchant, Clyde John Reid, Elderslie, Oamaru Robert Gillies, Gillies and Street • ', Donald Reid, 11. H.R. C. R. Howden, Distiller, Cumberland street Charles Reid, Princes street '• U. Glendining, Ross and Glendmina1 Dr Edward Hulme i John Douglas, Runholder, Mount Boyal I J. T. Wright, Wright, Stephenson, and Co. ! G. F. Keid, Stafford street i K. Paterson, Paterson and M'Leod " i R. M. Robertson, Distiller, Rattray street James Shand, SLP.C, Wm. Barron, Barron, Grant, and Co Win. Park, Park and Curie George EUiot Barton, Barrister at Law W. D. Murison, Editor Daily Tunes Charles De V. Teschemaker, Runholder, Taioo Oamaru David Proudfoot, Railway Contractor Hoiace Bastings, M.P.C. W. North, North and Scoullar HughM'Keil, BriscoeandCo. I John. Batbgate, R.M. I E. B. Cargill, CargiUs and M'Lean i H. J. Walter, Manse street i R. K. Murray, Rattray street ' | James Black, Black and Thomson 1 Harcus Hume, Dunedin . ' James Allan, M.P.C., East Taieri \ William Snow, Outram,WestTaieri j A. J. Smyth, Contractor | Thomas Birch, Merchant < Ed. Heroert, Lawrence j Robert Pritchard, Arrow , Walter Inder, Naseby M. J. Malaghan, 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, Gamani • Edmund Smith, Dunedin Savings Bank ! George Proudfoot, Railway Contractor C W. Flexman, Wool Merchant ' ; John M'Gregor, C.E. W. H. Cutten, late Commissioner of Crown Lands John Reid, of Corner Bush, Merton \ Henry Orbell, Kunholder, The River, Waikouaiti j T. A. Clowes, of Ashcroft, Spence, & Co., Oamaru ' Francis M'Diarmid, Woodside, West Taieri "■• Donali Borrle, Taieri | Joseph Clarke, Victoria and Moa, Flat j With power to add to their number. I Bankers : ;! The Union Bank of Australia The Bank of Australasia ■'■ . Ist The great want of a thoroughly Colonial-Bank-ing 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 people of this Colony one half of the nominal capital,' or 200,000 sliares, in fair proportions to each of the • Provinces throughout New Zealand, on the basis of the respect ye populations of each Province, reserving the other hah! 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 IJunedin, 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 ! Conmiiitee to advise with the. General Minager, 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 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 and support from the Colonial Bank To the Mining Interest special attention will be given, with a desire to acquire for the Jim rs the Mint value of their Gold, > whether in larue 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 sot intended by the Promoters that this J 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 the 31st December last, as shown, by their several returns furnished to the Government, appear thus, without giving odd numbers :— ' Deposits. Circulation. TcUl Union Bank of Australia .. £870,000 .. £123,425 .. £993,425 Bank of New South Wales. 5C0,000 .. 104,849 .. 664,849 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 Syd ney to coutrol 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 then: exchange operations hi those Colonies. , Bth. The Promoters, in. placing the foregoing facts I before the people of this Colony, desire to point out ! the very great disadvantages that colonists are sure to ! labour under \>y lending—or rather giving—such a large sum of money as stated above to foreign Banks, to bo lent back to the pc pie here at very high rates 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 ovrn moneys; as by so doing they will most effectually destroy the risk of future monetary disturbances, which they have had on more thaii f-ne 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 GOt; 9th. It has been determined by the Promoters that tbe first issue of 200,000 Shares shall be conducted by Committees, to be appointed severally in the chief tity in each Province ; aud no Shares will be given or reserved to the Promoters; but each member of the Provisional Committee is willing te 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 commencirg business in Dunedin ; after which future Calls will not exceed 5s per Share, nor be made at shorter intervals than three months ajtween each Call. 11th. The Act of Incorporation for this Bank will be so trained as to limit the liability of the Shareholders to twice the amount of thoir Shares, the same as the other Banks. 12th. As a thoroughly Colonial Institution, the Promoters have much pleasure in strongly recommending " Tub Colonial Baxk of New ZbaliANd" to the support of all Co'onists having the real welfare of New Zealand at heart. Snch an Institution is much wanted at the present time, and as the development of the Colony proceeds, its usefulness will also increase, and i te more and more appreciated, both as an investment I 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 j auspices. \ Applications for Shares will now be received at the Temporary Offices of the Bank, High street, (late Club), where Forms of Application and full infonnarfciou can be obtained. : FORM OP APPLICATION FOR SHARES. I Date 187_ TO THE PROVISIONAL COMMIT I"EE OP THE COLONIAL BANK OF NEW ZEALAND. Gestlemes—l hereby make application for Shares in the above Companj; and hand you herewith, the sum of £ , being the aaiouut of Fire 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 atnree to sub scribe to the Articles of Associatica wb.cn rcauired to do so. I am, Gentlemen, Yours truly. Signature .....<»,... Same »a fall Occupation. Address. ~,, No. Date received. 2my * The Provisiotiai Committee have already subscribed among themselves for 25,475 Shares, whieb bsy £?€ j cepared. to take if allotted to them,