BANKER'S RETIREMENT

Evening Post, Volume CXXIII, Issue 100, 29 April 1937, Page 11

BANKER'S RETIREMENT

SIR JAMES GROSE'S SERVICES

Sir James Grose, general manager of the National Bank of Mew Zealand, Ltd., for many years, was present at a meeting of the Associated Banks on Tuesday for the last time, as he is retiring from the general-managership at the end of this month to become an advisory director of the National Bank. There were also present at the meeting Mr. F. W. Dawson, general manager of the Bank of New Zealand, chairman of the Associated Banks: Mr. H. I. Thodey, inspector of the Bank of Australasia: Mr. R. C. Addison. inspector of the Bank of New South Wales; Mr. E. P. Yaldwyn, inspector of the Commercial Bank of Australia; Mr. P. R. M. Hanna. who is to succeed Sir James Grose as general manager of the National Bank of New Zealand; and Mr. E. T. Porter, inspector, Union Bank of Australia.

The chairman (Mr. Dawson) expressed the regret of all the members of the Associated Banks that that would be the last occasion on which Sir James Grose would-be present at their official deliberations. On behalf of the members of the association he wished to convey to Sir James their appreciation of his valued services and wise counsel during many years as a member of the Associated Banks. During his three terms as chairman his duties were particularly onerous owing to the unprecedented economic conditions and legislation affecting the banks. During these troublous times Sir James never spared' himself and always worked indefatigably in the interests of the banks as a whole.

The chairman also said they were pleased that Sir James would continue to reside in Wellington, and thpy congratulated him on hA elevation to the position of advisory director on the board of his bank.

In bidding Sir James an official farewell, the chairman expressed the hope that he would enjoy in his retirement good health, loi>g life, and every happiness.

On behalf of the association he took the opportunity of welcoming Mr. P. R. M. Hanna, who was to succeed Sir James as general manager of the National Bank of New Zealand. Ltd., and extended to him the Associated Banks' hearty congratulations and good wishes. . . ■ v

The other members fully supported the remarks of the chairman and all spoke most eulogistically of the excellent services rendered to the association by Sir James.

In returning thanks. Sir James Grose expressed his very deep appreciation of the remarks that had been made regarding him. For some years, he said, they had experienced very difficult times in the general affairs of the banks and the Government had required frequent consultations on many difficult matters.- This had entailed heavy strain all round. If he had^ been able worthily to play his part it had been largely due to the loyal and unflagging support and co-operation of every member of the association. He would like specially to mention ' the valued services of Mr. W. A. Kiely who was associated with him on the sub-committee dealing with legislation affecting the banks. The support and friendliness that had always been accorded him . was most heartening and encouraging. Mr. Hanna returned thanks for the warm welcome accorded him. He said he would find it very difficult to follow Sir James Grose, whose record however, would act as an inspiration to him, and whose advice and counsel would happily still be available.