NATIONAL BANK OF NEW ZEALAND

Dominion, Volume 31, Issue 242, 9 July 1938, Page 10

NATIONAL BANK OF NEW ZEALAND

New Chairman Elected

The National Bank of New Zealand Limited has received a cable message from London stating that, at the annual meeting on Thursday, Sir Austin E. Harris, K.8.E., resigned from the chairmanship of tiie bank, but remains a member of the board ; and that Lord Balfour of Burleigh has been electedchairman of directors in his stead. Sir Austin Harris has been a director of the National Bank of New Zealand since 1919, and was'elected chairman of directors in 1932 on the retirement through illness of the previous chairman, the late lion. William Pember Reeves, who had held the position since 1918. Sir Austin Harris is deputychairman of Lloyds Bank Ltd., one of the "Big Five” British banks. Loid Balfour of Burleigh joined the board of the National Bank of New Zealand in 1929. He visited New Zealand in 1936-37 when he spent three months in the Dominion, and during that period visited every branch of the bank. In July last year, following bis return from New Zealand, Lord Balfour was appointed deputy chairman. Lord Balfour has had a varied financial experience, and at the present time is also a director of the District Bank Ltd. (Manchester), the Standard Bank of South Africa Ltd., and the Bank of Scotland, and is also chairman of the London board of the Australian Mutual Provident Society.