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THE BANK OF NEW ZEALAND.

[PER PRESS ASSOCIATION.] ' London, July 8. The Assets Company, m connection with the Bank of New Zealand, will shortly be announced with 750,000 preference shares and 850,000 ordinary. £1,500,000 worth of debentures have been issued for the purpose of biking over the giobo assets of the Bank. The whole of the debentures have been subscribed by leading city houses, including Baring Bros. & Co., Glyn, Mills, & Co., and Schroder & Co. The Bank of NewZealand will nominate two of the directors m the new company, and the debenture holders three. The manager of the Australian and New Zealand Mortgage [ Company will probably be appointed | manager of the Assets Company. The general feeling m the city is that as soon as this matter, is settled the Bank s troubles are over. The shareholders of the Bank of New Zealand will meet early m August. : Loxdon, July 9. • The Ri-'ht Hon. C. T. Ritchie, M.P., tell, be tho Trubtee m the Assets Company, and Mr D. Hean one of tllfc Directo

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https://paperspast.natlib.govt.nz/newspapers/AG18900710.2.16

Bibliographic details

THE BANK OF NEW ZEALAND., Ashburton Guardian, Volume VII, Issue 2463, 10 July 1890

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172

THE BANK OF NEW ZEALAND. Ashburton Guardian, Volume VII, Issue 2463, 10 July 1890

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