FORMER' DIRECTORS

BANK OF fIEW ZEALAND

The directors a|! the Bank of New

ealand who havj|» been replaced" by Messrs. KelKher a} id Williams are Sir Harold Beauchamp and Mr. Oliver Nicholson. i ■

Sir Harold Beaudhamp was appointed a director of the) Bank of New Zealand: as far back las 1898. In April, 1907, he was electejl chairman in succession to Mr. F. de C. Malet, who resigned after serving the bank =in that capacity for over j five years. Sir Harold was cha.irmaai to 1912, when he resigned in order to! pay a "visit to England. •On his return in 1913 he was reappointed a d irector and then chairman, a position, he held to 1920. He was again chairriiati" from 1933 'to 1934. Sir Harold's, service to the Bank of New >Zealan d -has been long and distinguished. IJ. has been interrupted at times by yd sits he has made to London, the Un^ ted States, and Canada, and while in. London he was in daily attendance jlat the Bank of New Zealand thesiv Sir Harold Beauchamp served, fokr some years on the Wellington Harb\our Board, and for a period was ciiairman of that body. He has been identified with tho business life of Welli) igton for over 50 years and has taken,' a lively interest in art in the City of Wj ellington. Mr. Oliver Nicholson,; of Auckland, was appointed by the t Government to the board in 1924, succeeding the late Mr. J. H. Upton, of Auckland. He was' appointed chairman b»- the board of directors in April, 19:12!, and occupied that position to March; 3i, 1933. He is a member of one of thii leading legal Strms in the City of AudMand, and was for some years Mayor of the Borough of Mount Eden, Auckland. Mr. Nicholson; is a prominent ■£ gure ■in Ne\^ Zealand Freemasonry, i The number of directors on ihe board of the Bank-of N«jw Zealand is six, of whom two are ■* appointed by shareholders and four by the Government. In addition, there is a London board of three directors i, and there are two directors in Australi1, namely, Sir John Higgins, Melbournie, and Sir Henry Braddon, Sydney.' The shareholders' directors are 1 Ar. William . Watson and Mr. R. W. Qibbs, both.ot whom have been chairmen of th« bank. Government directors to March 31, 1936, were Sir Harold; Beauchamp and Mr. Oliver Nicholson^ whose terms then expired; and Mr. Ai T. Donnelly and Sir George Elliot, whose terms expire March 31, 1937. Mr. Donnelly, Christchurch, was appoint ed to succeed Sir Robert Anderson i, Invercargill, who had resigned ori account of . ill health. !