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BANK OF NEW ZEALAND

[PEB PKSBB ABBOOIATIOH.] Auoixamd, Deoamber 13. It will be remembared that at the speotal meeting of the Bank of New Zealand, held on October 10th last, the Pretl* dent of the Bank, Mr Baokley, referred to the transfer of aama'< iharei belonging to certain persons from the Colonial to the London register about three years previously. He said that la order to make up a good parcel the Bank bought some of Its own shares, and thes«i with others were pat on the London market, bat the demand for the iharei being much weaker than had been antfoU pateo*, the tranoaotlon resulted In a loss to the Bank. Mr Buckley then Indicated t^at further action woald probably bo taken m reapeot to this transaction and the Direotors of the Bank have now, through their solicitors, Messrs Whltakar and Rusßoll, written to the parties re« f erred to asking that any losses sustained by the Bank In oonseqnenoo of their action be made good. ,_■■■ ._

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https://paperspast.natlib.govt.nz/newspapers/AG18881214.2.12

Bibliographic details

BANK OF NEW ZEALAND, Ashburton Guardian, Volume VII, Issue 2013, 14 December 1888

Word Count
167

BANK OF NEW ZEALAND Ashburton Guardian, Volume VII, Issue 2013, 14 December 1888

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