BANK OF NEW ZEALAND
In the article in "The Post" on Saturday, relative to the new issue'of capital by the Bank of New Zealand, the position of the Government with respect to dividends was not quite fully explained. The preference as to dividends to which the Government is entitled applies only to the oricinal 500,000 "A" shares of £1 each. The first £50,000 of profit is allocated by the Act to the payment of a. 10 per cent, dividend on tliose shares. After that £50,000 has been paid, "B" shares and ordinary shares rank alike for dividend purposes, and iv the proportion laid down in the Act.
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https://paperspast.natlib.govt.nz/newspapers/EP19230618.2.46
Bibliographic details
Evening Post, Volume CV, Issue 143, 18 June 1923, Page 6
Word Count
107BANK OF NEW ZEALAND Evening Post, Volume CV, Issue 143, 18 June 1923, Page 6
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