BROKEN HILL PPTY. ISSUE

Dominion, Volume 34, Issue 120, 14 February 1941, Page 3

BROKEN HILL PPTY. ISSUE

N.Z. Holders' Rights The Rosvrve Bank of New Zealand announces that lhe New Zealand Stock Exchange Association has been informed tli-'i ’lhe facilities for enabling holders of P.rckeii Hill Proprietary shares to take up new rights to which they are directly entilled have been extended on the follow'"'llohl'ers of Broken Hill Proprietary Mi-ire--- who desire to acquire rights which oilier New Zealand holders are willing to dLpot-'o of will be allowed to do so on condition that they can provide the amount pavable in Australia for such additional richis. as well as for tlie rights to which they are directly entitled, out of the profeeio of Iheir balances or other securities in Aiivrralia. without having recourse Io ri-nii: tn hops from Now Zealand. The Reserve Bank will, however, consider applications to retransfer to Australia. for the above purposes, amounts voluntarily transferred to New Zealand since June 18. 1940, if the applicants financial position in Australia justifies such a course. Amunts payable to New Zealand holders must, of course, be paid in New Zealand curreiicy.