THE RESERVE BANK.

Ashburton Guardian, Volume 54, Issue 194, 30 May 1934, Page 3

THE RESERVE BANK.

FIRST AUDITORS APPOINTED.

(Per Press Association). WELLINGTON, May 29.

The Minister for Finance (the lit. Hon. J. G. Coates) announced to-day that under Section 41 of the Reserve Bank of New Zealand Act, 1933, he had appointed the two following qualified accountants to be the first auditors of the bank:— Mr John Leslie Griffin, of Messrs Clarke, Menzies, Griffin and Ross, Wellington. Mr Donald Gordon Johnston,, of Messrs Watkins, Hull, Wheeler and Johnston, Wellington. Mr Coates said that the auditors would hold office until the first ordinary general meeting of ' shareholders, and that thereafter two auditors would be appointed annually at the general meeting of shareholders. The legisla tion also provided [that no director or officer of the Reserve Bank should, during his tenure of office as such, be qualified for appointment or to hold office as an auditor of the bank, ana that no person should be qualified ioi any such appointment who would not be qualified for appointment as an auditor of a company incorporated under the Companies Act. Mr Griffin was born at Nelson in 1892, and was educated at Nelson College and Victoria University College, taking his B.Com. degree m 1916. He was president of the New Zealand Society of Accountants m 1929. In 1J32 he sat as a member of the National Expenditure Adjustment Commission. Mr Johnston is a well-known Wellington accountant, and is a member or the Royal Commission on Native Affairs, which is now sitting.