The Hawaiian gazette., 1882-07-12
A New Bank.

Tie prospectus Of a new bank, to be styled the
Bank Of Hawaii, Limited has arrived by the
mail. The capital proposed Is 100000 At
present there is no British Directorate but the Ha-
vgiian Directorate consists Of the Hons. ]. S.
Walker. 4. 5. CleEhon, Godfrey Rhodes,
and W. NJ Gibson; Messrs. Z. Preston and
Cecil Brown are the Solicitors for Honolulu: Mr..
C. Vernon Housm7n, the Surveyor; Hon. A. s.
Cleghorn. Inspector and Yaluer Of Property, and
'deury Whalley Nicholson, Secretary g,o TEN. On
inquiry, We md that one. if not two, names on the
Directorate have been used without due authority.
The prospectus deals with the national pros
pgry OF the Islands and the high rates Of interest
which can be obtained for loans and advances to
planters. Il informs the world that His Majesty
King David kalakaua has approved the institution
Of the bank Attention. Is called TO Government
loan Of $4,000, which is 10 be shortly hoated.
The Premier IS doubtless depending on his own
bank for his great loan bill.
The following capitalists were present at the
first meeting. Colonel James i. Griffin, F. X G. s.
etc. etc. in the Chair; Right Rev. DR.. Willis,
Bishop Of Honolulu. Il. l.; Manley Hopkins, Esq,
Hawaiian Cousni-General in London: General W.
+. Nuthall: Colonel Godfrey Iviss, r. A.. W. A.
Ross, Esq. late Colonial Secretary and Governor
at the Gold Coast; Arthur r. Marten, Esq; A. o.
Kirby. ESQ G. ID. Jennings. Esq; ]. Iuttruan.
Esq E. /. Ls Nesurier. Esq; z F. Johnston.
Esq. late Of Rio de JanelrO, etc; Captain II.
Whalley Nicholson.
The printed inmates were as folous.-
Colonel Griffin being requested 20 take the
Chair. numerous letters and kilograms Of apology
for non-attenduncc were read
The Preliminary Prospectus WAS taken as read
and Captain II. Whalley Nicholson vas requested
TO read statement TO the population trade and
resources Of the Hawaiian Islands.
sThe statement, supported by documentary and
other evidence having been submitted. eunssrsa
ton the prospectus ut the proposed bank eusucd
Mr.. Manley Hopkins oorrDborated the state
ments made by Captain Nicholson, speaking IN
glowing terms Of the capabilities and rapid increase
OF production In the Islands.
Some remarks a. to the Reciprocity Treaty with
the United states Of America we're made; and
vhile il vas generally admitted that there vas
every probability Of it. renewal, still even IN the
event Of its lansa IN tuo years 1t vas established
that renuneratfvs market for the sugar and other
crops exists in Great Britain and Germany. besides
the possibility Of a Treaty with Australia.
The Right Rev. DR.. Wills General Nufhall. Mr..
Hopkins and Mr.. Marten were Compelled to leave
through other engagements
several gentlemen having spoken, all concur
rinc IN the opinion that profitable field for bank
Ing operations existed. the following Resolution
vas proposed by Colonel TEiss- seconded BY Mr.
Jennings and carried unznlmously.-' hat this
meeting approves the intended formation Of the
BsSK OF HauAII IInI1ED-"
ssTle meeting vas thsn adjourned 10 the follow
ing wednesday ifth June, l5e-i, at the same time
and place.
June :. 1ss.
The remarks on the Beciprocity Treaty are valu-
able Further information, We prssu1-le. may Be
obtained from the Directors resident IN Honolulu