will bo opened in Duncdin, in suitable pro- I miees already secured under offer, and there- | after Branches will gradually bo opened in the chief centres of settlement throughout tho Colony. ; sth; It vtill be (he chief aim of the .Promoters of this Bank.to aid- ; and. conßerre? nliko the interests of the -whole community in this Colony* The Mercantile, Trading, Pastoral, Agricultural, Mining,;Artisoit; and Labouring classes -willeach hare fair treatment and cup port from the Colonial Bank. To .the rnnungr t interest special attention yrill be given* with a desire to acquire for tho Miners^ tho Mint value of their gold, whetherin ; large : or. small I quantities^and unlil such value, can be ascer tamed a liberal advance" will "bo' made upon any gold deposited for the purpose.of coinage. , 6th. It,is not intended by Iho Proraolers j that this 1 Bank shall purchase "Gold, but merely be prepared to make advances upon it until realised, in Hie eairie' mariner- that it will be ready to do upon Wool, Grain, or other produce. ■', - ■ , „ 7th. Theamounis of New Zealand Money | in tho hands of the three Banks from | Australia traoing'in the-Colony on the 31st December last, asr shewn by their'several r6!urns furnished fd the Gpvernrr.eht;, appear thus, without giving odd numbers :— ■ - . Deposits. . Circulation.. Total • .:>l23^ ..'£003,425 I c.560,000 .. 104,849 .. '604,849 I "a^^? ; I' 193,000 . ,33,962 231,962 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 manipiv late as it may plense their tastes; or as ifc may be convenient for the good of commerce in Victoria or New South Wales j; or for the beneficial regulation of tbeir exchange opera tipns in those Colonies. . ■. Btb. The Promoters, in placing the foregoing foe'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 p.um of money;as stated above to foreign Banks, to bfe lent back to the people here nt very*high rates of interest, and on most arbitrary conditions. They therefore have no hesitation in suggestipg 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 destror the risk of future monetary disturbances, which they havo 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 Colonirs, .where the real interests of the foreign Bank most 1 strongly take root. • . 9th. Ifc has;.been, determined by the promoters that the first issue of 200,000 shares shall be conducted by committees, to bo appointed severally in the chief city of each, province, erid^no shares will be given or reserved to the promoters; but each member of the Provisional Committee is willing to become a subscriber for tho number,'of shares standing opposite his name.* • . lOih. It is proposed at the issue of shares above referred to that 5s pev share be, paid on application; that 10a per share be pnid on allotment; that a call of Ss per share be made arid payable two months after allotment ; that a second call of os per share be, rxade and payable four months after allotment; and that a third call of 5s per share bemade andpaynble six montusafter allotment —making together 30s paid up per share. No further call to be made within twelve months of the Bank first commencing business in Dunedin ; after which future calls will riot exceed 5s per' share, nor be made atehorter intervals than three months between each, cahV 11th. The Act of Incorporation for this Bank will be so framed as to limit the liability of the shareholders to twice the amount of their Bhorea, the same as the other Banks. 12th: As a thoroughly colonial institution, the promoters have much pleasure in strongly recommending "The Coxokiai Bank op Hew ZejUakd " to the support of all colonists having the. real welfare of New : Zealand at hearts. Such an institution is "much wanted.at the present time, and as tlia 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. Judging from tho influence and sound experience possessed by tho promoting members of committep, it is certain that no similar institution has ever yet been launched in the Southern Hemisphere under better auspices. A deputation of Provisional Directors -will visit Auckland in a few days for the purpose of * co-operaiir.g 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.. . FOBM OF APPLICATION FOR SHARES. - Date i ...... M ,.;1874. ; TO THE PROVISIONAL COMMITTEE 01? : THE COLONIAL BANK OF NEW ;■'■•'■ ''•-; ZEALAND.- 1 * •■ ■■■■*■*■ '••; Gektiemen,—l hereby male', application for chares in the above company, nnd hand you herewith the cum of £ being the amount of Five shillings pev share deposit on the^sanie; and I. agvec to take the said shares, or any less number that may bo allotted to me, nivl I further ngrec to sub ■ s.cvibe to the"articles of association when required to do so. I am, Gentlemen, Yours truly, . Signature Name in full Occupation.... Address No. . Dale received. < Tho Provisional Committee have alicady subsc! ibed an ong themselves for 25,475 ehiiw, which they arc prepared to tale if Plotted to thorn. m 6992 EYSHY variety of Label for Soda-water 'Manufacturers, in letter press. Superior designs in lithograph, at tho EVESTtfa Stab Office. CARDS, Circulars (on note or letter paper) in pbin and fancy «ype- Carters Beccipts printed, bound and perforated, the Eybninq Stab Office.
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Bibliographic details
Thames Star, Volume IIII, Issue 1694, 8 June 1874, Page 4
Word Count
961Page 4 Advertisements Column 3 Thames Star, Volume IIII, Issue 1694, 8 June 1874, Page 4
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