BANK OF N.Z.

Evening Post, Volume CXXIX, Issue 34, 9 February 1940, Page 9

BANK OF N.Z.

ELECTION OF DIRECTOR

Owing to war conditions, the ship which carried to England the voting papers in respect of the election cf a shareholders' director for the Bank of New Zealand was delayed, and in consequence it has been found necessary to extend the time for the receipt by the returning officer of the voting papers of proprietors on the London register. Under section 26 of the Bank of New Zealand Act, 1926, these voting papers are required to reach the head office of the bank not later than February 10. This date, so far as shareholders on the London register are concerned, has been extended to March 18 next by Order in Council under the Emergency Regulations Act, 1939. This Order in Council was made at a meeting of the executive on February 1, 1940. The Order in Council does not extend the time within which shareholders on the New Zealand and Australian registers must return their voting papers to the returning officer.

The extension with respect to shareholders on the London register necessarily involves some delay in the announcement !of the. result of the election. The Order in. Council extends .to .March 27, 1940. the time within .which the returning officer must report the result of the voting to the chairman of the board. The result of the election should therefore be known about March 27.