FIRST SALE OF BANK OF N.Z. STOCK

Evening Post, Volume CXL, Issue 149, 21 December 1945, Page 8

FIRST SALE OF BANK OF N.Z. STOCK

"With the closing of the Stock Exchange year, Bank of New Zealand shareholders will be engaged in completing the necessary forms in passing over these shares, and will no doubt be wondering when those taking the taxable stock will be able to enter into transactions in their holdings," says a statement issued by the, New, Zealand Stock Exchange today. "Though the Stock Exchanges will not be able to take buying and selling quotations until advised by the Reserve Bank,'probably early next February, that the registers are in a position to deal with transfers, it has been ascertained that the hank granted special assistance in the case of an estate converting shares into 3 per cent, taxable stock maturing November 15, 1957-60, and a parcel of £21,540 changed hands between a firm on the, Wellington Stock Exchange and a firm on the Auckland Stock Exchange after the final call this morning, at a sale price of £99 10s." .

who show prbmise to carry on their education past the primary school stage. :,■■. , .■:... ~..■ ... ~., :

POST-SECONDARY EDUCATION.:", In .the case of- post-secondary - education the Rehabilitation Board will in general assist for part-time studies, where the studies are in line with the vocation being followed by the student. For full-time study, however, the board will help where the ability of the student warrants such assistance. The form the assistance will take is a weekly bursary, varying slightly according to the age of the student, plus £1 a week special allowance for those students living away from home. The rates, apart from this special allowance, are: Under 18 years of age, £1 12s 6d a week; 18 to 19, £1 15s; 19 to 20, £1 17s 6d; 20 to 21, £2. When the student reaches the age of 21 he will be paid the normal bursary rate for ex-servicemen students. This is £3 3s for single men and £'5,5s a week for married men, where full-time study is involved, plus fees and books. Where children of deceased or totally disabled servicemen are articled as apprentices while learning a trade, the board will make grants towards living expenses when they are undertaking their apprenticeships away from home. The maximum grant will be £52 a year, provided that the gross wage plus the grant does -not exceed £3 3s a week. The board will also provide for free tuition at technical or other colleges in connection with the theoretical side of their trade, and will refund up to- £5 on the purchase of necessary tools. After considering the- average rates normally received by apprentices, the board decided it would not be equitable to subsidise where the children concerned were living at home..