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Tbe "New Zealand Herald " announces that some very Important changes In the directorate* of the Bink of N"aw Zealand, both In London and the colony, are about to lake place. In London Sir Penroae Julyan retires on aooount of advanced a^e, Bnd hia plaoa will be taken by Sir Horonles Robinson, late Governor of o*pe Oolony and formerly of New Zealand. He amass = d a fortune at tbe Oape, and his acceptance of the vacant position la regarded as very valuable foe the bank. On the Colonial B.iard Mr Jobn •M'Lean, rf Oago, who haa found himself unable to attend the board's meetings, will retire, Mr G. Baokley, who haß been In poor health, will also rotlre, having m faot remained on tbe board at great personal Ino onvenienoe beyond the period he had intended. Mr Jjhn Murray, general manager, who proqeeded to London, and who is now 'n America returning In Improved health, w!ll, at tho tequent of a hrgo and lrfla-?n'ial body of shareholders both la tbe aolonies and In India, be a candidate for the seat vented by Mr Buokley. Ao the h»lf-y3ar!y meeting will take plaoo m a few week*, the board do not Intend to fi 1 tbe vaoanolee by nomlaatloD, but will practically leave the appointments to ahareholdera

With referenoe to this annoanooment Mr Buckley has pnbllshed the following letter : — '• The announcement In the " Heraid " thia morning of the ohangaa In the Directorate of the Back of New Zeacnd, so far aa regards Mr John M'Lesn and myself, Is so different to tbe actual facts that I oannot allow It to pass without remark. The reasons for onr retirement ate well known to both tbe Directors and Mr Murray, and simply have roferenoe to certain matters connected with the Bank's afftin generally, which we shall be only too ready to explain to tbe shareholders at the first convenient opportunity."

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Bibliographic details

THE BANK OF NEW ZEALAND, Ashburton Guardian, Volume VII, Issue 2216, 3 September 1889

Word Count

THE BANK OF NEW ZEALAND Ashburton Guardian, Volume VII, Issue 2216, 3 September 1889