BANK OF NEW ZEALAND.
THE ASSETS COMPANY. __-__-.— ALL THE DEBENTURES TAKEN UP. London, July 8. The Assets Company in connection with the Bank of New Zealand will shortly be announced, with 750,000 preference shares and 850,000 ordinary. One million and a-half worth of debentures have been issued for the purpose of taking over globo assets of the bank. The whole of the debentures * have been subscribed by leading city houses, including Baring Brothers and Co., Glynn, Mills, Currie, and Co., and Schuster and Co. The Bank of New Zealand will nominate two of the directors in 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 in the city is that as soon as this matter is settled the Bank's liabilities are over. The shareholders of the Bank of New Zealand will meet early in August. The Right Hon. C. T. S. Ritchie, M.P., will be a trustee in the Assets Company, and Mr D, Hean one.of the directors. ■■'-
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Auckland Star, Volume XXI, Issue 161, 10 July 1890, Page 5
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179BANK OF NEW ZEALAND. Auckland Star, Volume XXI, Issue 161, 10 July 1890, Page 5
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