B.N.Z. SHARES POPULAR.
SHARP RISE IN PRICE. BUYERS HAVE EYES ON RESERVES (By Telegraph.—Special to "Star.") CHRISTCHURCH this day. Bank of New Zealand shares are attracting the attention of speculators. Prices which have risen sharply, advanced 3/ in the past week, following a period of steady hardening. Twelve months ago buyers were prepared to do business at SO/, and sales were made to-day at 61/9. The batik's financial year closed on March HI, and the attention the shares are receiving is obviously due to anticipating at the annual mooting tbo capital will be increased, possibly by the distribution of reserve, or the issue of new capital at a lower price to existing shareholders. The anticipation is purely in the realms of surmise, no hint having been given by tbe directorate. Those persons seeking to acquire shares, doubtless have in mind the fact that other banks in the past few years have found it necessary to acquire fresh capital. The paid up capital of the Bank of New Zealand represented by ordinary shares is £2,250,000, and it lias reserves totalling £2,105,818.
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Bibliographic details
Auckland Star, Volume LIV, Issue 95, 21 April 1923, Page 5
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180B.N.Z. SHARES POPULAR. Auckland Star, Volume LIV, Issue 95, 21 April 1923, Page 5
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