Page 3 Advertisements Column 5

Thames Star, Volume III, Issue 1676, 18 May 1874, Page 3

will be opened in Dunedin, in Buitable • pre- ', -miseß already-secured under offer, and there* \ after Branches Will, gradually be opened in the chief centres of settlement throughout the Colony. • sth. It will bo the chief fcim 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, Artisan, and Labouring i classes will each hare fair treatment and sup* < port from the Colonial Bank. To the mining interest special attention will be given, with a deiire to acquire for the Miners the Mint 1 value of their gold, whetherin 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 Back 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. 1 The amounts of New Zealand Monej in the hands of the three Banks from Australia trading in the Colony on the 31st December last, as shewn by their several returns furnished to the Government, appear ' thus, without giving odd numbers :— Deposits. Circulation. Total. Union Bank of Australia .. £870,000 .. £123,425 .. £993,425 Bank of New South Wales 500,000..' 101,849.. 664,849 Bank of Austra- I lasia .. .. 193,000 .. 38,962 .. 231,962 Shewing 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 aa it may be convenien^for the good of commerce in Victoria or New South Wales; or for the beneficial regulation of their exchange opera* tions in those Colonies. Bth. The Promoters, in placing the fore* going fac's before the people of this Colony* • desire to point out the very great disadvantages that colonists are sure to labor under by ■ - lending—or rather giving—such a large tuxm ■-■, of money as stated above to foreign Banks, to be lent back to the people here at very high rates of interest, and on most arbitrary oon« - ditionß. 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 ; a* by > so doing they will most effectually destroy the ~ risk of future monetary disturbances, whichl _' they have had on more than one occasion to ' deplore in the past, brought about solely by some crisis that has occurred in one or other ■ : of the Australian Colonies, whera the Nit" .- interests of the foreign Bank most strongly take root. 9th. It has been determined by the pro* motors that the first issue of 200,000' shares' ' shall be conduoted #by committees, to be . appointed severally in the chief city of eaoh ; 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 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 noaths after allotment ; that a second call of 5s per share be made and payable four months' afcer allot* - ment; and that a third call of 5s per share ba made and payable six months after allotment —making together 30s paid up per share. TXo further call to be made within twelve months of the Bank first commencing business in Dunedin; after which future calls will not exceed 6s per share, nor be made at shorter intervals . than three months between each call. ..

11th. The Act of Incorporation for tail" Bank will be so framed as to limit the liability of the shareholders to twice the amount of their shares, the same as the other Banks. 12th. As a thoroughly colonial institution, the promoters have much pleasure in strongly recommending "The Colohial Bake op New Zealand " to the support of all colon* ists having the real welfare of New Zealand . at heart. Such an institution is much, wanted at the present time, and as the development of the colony proceeds, its usefulness will also increase, and be more and more appreciated, both as an investment for the savings of the people, and as a useful Bank. J ~ Judging from the influence and sound experience possessed by the promoting member* of committee, it is, certain that no similar institution has ever yet been launohed in the Southern Hemisphere under better auspices. ' A deputation of Provisional Diieotors will visit Auckland in a few days for the purpose - of co-operating with a local Provisional Committee. Meantime-forms of application for shares may be obtained, and applications may be lodged with the Union Bank of Australia and Bank of Australasia. - '

FORM OF APPLICATION FOB SHARES; Date ......1874. TO THE PROVISIONAL COMMUTE!! : OF THE COLONIAL BANK OF NEW, ZEALAND. OINTIEMEN,—I hereby make applioatian foe shares in tbe above company, and hand you herewith the sum of £ being the amount of Fire shillings per share deposit on the same; and I agree te lake the said shares, or any less number that may he allotted to me, and I further agree to sub* ' scribe to the articles of association wheß required to do so. I am, Q-entlemen, Tours truly, Signature,.; ...„.»„ nut Name in fa11....in,....... Occupation....„«... ..«.#• Address • No. Date received. '. * The Provisional Committee have already subscribed among themselves for 25,475 shares, which they are prepared to take 'if allotted to them. m 6992 WANTED, a General SERVANT.— J V Apply at the Qusen's Hoxil. 6936-to ... WANTED, a Youth about 17 yean old to look after a Shop. ANTED, 100 Men Daily at JOSLIN'B Hair Cutting Ebtabmshmiht to be Shaved, Shampooed, &c, next Fugati't Bed Boot, Owen.steeet, Chrahiuajtoim.