BANK OF NEW ZEALAND.

Hawera & Normanby Star, Volume XXVII, Issue 2763, 4 July 1894, Page 2

BANK OF NEW ZEALAND.

THE ENGLISH PRESS ON THE POSITION.

FAVOBABLB COMMENT.

(PEE PBESS ASSOCIATION.) LONDON, July 1. Mr Glyn, chairman of the Bank of New Zealand, doubts tbe wisdom of calling up the reserve. LONDON, July 2. If tbe English shareholders in the Bank of New Zealand are assured that no oall will be required, the scheme may be regarded as successful. Bankers and brokers approve ot tbe removal of tbe bead office to Wellington. They consider money can be easily obtained in London. In order, however, to properly understand position the full text of bill is required, as tbe cables received are ambiguous, and tbe exact position cannot be understood. Old shares are quoted at £2 10s ; new issue, £3 ss. LONDON, July 3. The Times asserts tbat the Bank of New Zealand arrangements have been pending for the last three months. The Scotsman asserts that the Scotch deposits bave been diminishing for come time, and tbat the Government guarantee places the Bank in a more really solid position than it has been for some years. Tbe Finanoial Times considers that unless the Bank makes default on new preference shares no call will be made.