Page 3 Advertisements Column 5

Wellington Independent, Volume XVI, Issue 1605, 2 August 1861, Page 3

Lots, of Mew Goods, at Wai ) mdll>.; : Cla^^^^v^^ T ADIES' will find DRESSES ofevery description, ail quilt) new; ■■[■)■'^f'--/^ JU Back and Brown Cloib Mantles, and Walking Jackets .. ';; V^vJa^|sSv:--?? Plain, and Fanoy Skivt3, Ribbons and Piece Velvets . . •..'"- -'^^'^p^V^o^ Mantle Cloths and Tweeds, with every description of Drapery; Oo6:cls^.aJl^rtii;-.C , I of Trimmings and Fancy Goods;. . ; - , . . r •..;.• n^^..>;;^: To Suit Qentiemen,.. JusfcQpe^^ Cases of Coats, Trowsers, and Vests, in Tweeds/£lain.'and < :.FanpyK^'|^ioy>#' Woollen Cord, Shepherd's Plaid, Moleskin, &c ; ,r&o., Cbllurs.-neweß^':'" style, Gloves, Neckties, Regulation Caps, Hair Brashes & (Perfumery ■':; & TAKE NOTICE.— ARTICLES GOOD AND PRICES tOWi;^ : ; -:; Mattresses in any quantity, and Bedding of every description, on S.aje at^lJ^ , WABMOLIj'S HATTBESS : ::.

THE TO BB INCORPORATED JIY AN ACT OP THE GENEIUL ASSEMBLY, LIMITING THE LIABILITY OF SHAREHOLDERS. CAPITAL, £500,000, IN SHARES OE £10 EACH. • PAID-UP CAPITAL, £250,000. v preliminary Deposit, 2s. 6d. per Sliave. A PAYMENT of 17s. fid. per slmie on signing the deed of settlement ; a further payment of 20s. per share 3 months -after signing the deed of settlement; the balance of GOs; per share, making the total 50 per cent, if requited, in calls, nt intervals of not less than three months thereafter, and on uoiico. To he conductod by a Board of Directors — say seven in number — who shall- elect from among themselves two Directors, to advice -with the Local Manager, a3 required. The full Board to have a general control of the Bank's operations. PROVISIONAL TRUSTEES. Auckland :—J. Logan Campbell, T. Henderson J. O'Neill, T. Russell, James Williamson, Esqrs. Wellington : — W. 13. Rhodes, A. D. Brandon, Esqrs. Nelson :— H. E. Curtis, K. W. Stafford, Esqrs. Caniehbuky: — F. A. Weld. J. Cracioft Wilson E^qra. . I Otago:— E. McGlashan, Thos. Fraser, Esqrs. Hawkes' Bay :— J. Watt, Esq. It is manifest lo those who have directed attention to the subject, that the Banking establishments in New Zealand have derived immense profits which ore payable entirely to a foreign proprietary, from a trade cariued on with the Funds of the Colonists : a civcuuistauce which must lead to the consideration 'whether the Colonists of New Zealand are not now in a position to enjoy, and entitled lo receive, whhtever advantages caa he derived from the employment of their own capital. Another cons-jderaliou which should unito the Colonists of New Zealand in an effort j., to establish a New Zealand Bank is this, no Foreign Bank will study ihe interests of New Zealand; but the interests of such »'i) establishment aie regarded as paramount; the New Zealand branches being of necessity made to foel the effects of fiuancial pressure in other Colonies, and accommodation is giveo or refused, frequently, not according to the requirements of the Hank's customers in New Zealnnd, but measured by the Bank's engagements and necessities elsewhere. A. New Zealand Institution would not be 'disturbed by these influences : its capital would be speciallydevoted to New Zealand interests. A reference , to the Bank returns, published periodically in the Government Gazettes of the ' colony, will shew the very large profits naade from the Deposits of the Colonists; what Foreign Banks have for many years done for us, with our funds, we now propose to do for ourselves, by local effort and management. It is, therefore, proposed to establish on a broad and permanent basis a Hanking Institution, capable of doing the present Banking business of Now Zealand, ami susceptible of expansion with a view to meet the requirements of that prosperous future which, it is believed, will certainly and shortly be. realised for New Zealand. To accomplish this desirable result — to secure the luk of the deposits now held by foreign Banks — and to give to the public an institution worthy of confidence — it is proposed that the cupital shall be 50,000 shares of X'lo each. This amount it is conceived will be more than ample to secure the confidence of the public, and of any foreign Banks with whom it may be desirable or necessary to have transactions. It is proposed to call up one-half of the subscribed capital only, and that in the following manner : — 2s. Od. per share on application. 17s. Gd. per share upon signing the Deed of Settlement. 20s. per share thereafter, and _tfie remaining 60s. per share if required, by calls at intervals of noi less than three mouths, and of which three months' notice shall be given. In no ca«e the call to exceed per share. No further calls to be made without the consent of threefourtbs of the Proprietors present at a meeting specially convened for that purpose. The shares have been fixed at the moderate sutn of £10, with the view of enabling all classes of the community to identify themselves with the monetary interests of the country. To tiffeot the abovo object it is intended to apply for an Act in the present Session of the General Assembly. Branches of the " Bank of New Zealand,", will be established in every town'of importance in the Colony. Each Branch to he managed by a Loral Manager appointed by tjro General hoard, and two Directors," sh~psen by the^yesideut' local proprietary, when the local proprietary represent a capital of .£40,000 in the Bank, until, which time such Directors lo he appointed by the General Board. In London there will be a Board of Direction and Secretary ; ond it is antioipaiedihat a sufficient number "of influential Colonists, in the Bank will always he found readout in London to form such Board. Arrangement with some desirable English Bank will be ma'ie for affecting Exchange. The " Bank of New Zealand " will make advances upon Bills of Lading, Bonding Warrants, »md other lefjitimate securities. It will be the object of this Bank to render all | possible accommodation and iacilities consistent with its proper fuuetions to the 1 merchant, settler, storekeeper and farmer. The Bislanco Sheet of the Bank will be made up every half-year, say on the aOili June and 31st December, and forwarded to each proprietor, together with the Directors Report, prior to the half yearly meetings, at which the Dividend will be declared. Trustees lo be named provisionally to Appoin the necessary officers — to cause the Prospectus to be published and circulated — to receive applications jor shares— to allot shares — to open Banking accounts to receive and apply the deposit of *<Js. 6d.-^ per share in payment of preliminary expenses — to' prepare the Deed of Settlement for execution of subscribers— l o receive the further sum of 17a. Gd. per share, payable on signing the Deed of Settlement — and to convene a meeting of qualified subscribers after one-half. of the shares shall .have been allotted, for the purpose of sna Mug suolr