BANK N.S.W. MEETING
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Sydney
The Bank of New South Wales made New Zealand commercial history in Wellington on Friday when 264 New Zealand shareholders listened to a direct transmission of the bank's annual meeting in Sydney. This was the first time that New Zealand shareholders of any company have been able to listen in to a transmission of proceedings of an annual meeting held overseas.
A feature of the gathering, which is believed to be one of the largest gatherings of shareholders held in the country, was that shareholders travelled from areas throughout New Zealand. In welcoming shareholders to the gathering the bank’s chief manager in New Zealand (Mr D. M. Arnold), said that in recent years banks generally have been hamstrung and their growth restricted as a result of the Government relying to an inordinate degree on monetary policy to control the state of the economy. “We face the future in the confidence that Governments of both major political shades will realise the virtues of supplementing monetary policy with adequate fiscal measures and come to realise that a strong and growing banking system is an asset to the country.” he said.
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https://paperspast.natlib.govt.nz/newspapers/CHP19661220.2.228
Bibliographic details
Press, Volume CVI, Issue 31247, 20 December 1966, Page 27
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195BANK N.S.W. MEETING Press, Volume CVI, Issue 31247, 20 December 1966, Page 27
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