DIVIDEND PAYMENTS.
THE EXCHANGE DIFFICULTY,
An Auckland resident who holds shares in the Commercial Banking Company of Sydney, received his dividend, and with it is a circular from the manager explaining that: "Leading counsel have advised that in present circumstances the bank can only pay dividends in New Zealand at the present current rates of exchange, and this has been adopted with regret." The circular adds: "We wait your instructions regarding disposal of' future dividends, which gives New Zealand shareholder.-; the chance to receive the dividends in Sydney, if they choose to leave the money on investment in Australin."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19310216.2.27.17
Bibliographic details
Auckland Star, Volume LXII, Issue 39, 16 February 1931, Page 4
Word Count
99DIVIDEND PAYMENTS. Auckland Star, Volume LXII, Issue 39, 16 February 1931, Page 4
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Acknowledgements
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