8,784 SHAREHOLDERS

Mt Benger Mail, 7 March 1934, Page 2

8,784 SHAREHOLDERS

Reserve Bank's 100,000 Shares Allotted. NEXT ST Hi* To APi'OJNT DIRECTORS. Wellington, Feb. 2:". Tie Minister ot Finance (.Mr t Mates) informed your correspondent that lie completed the allotment of the KVserve Bask shares last night. Though the details are not yet a\ail:.hie fur publieat ion with s.TM a j)pl Scat ions fur 100,000 shares, the Minister was aide tu carry uu: his idea! of making the s!i:■ r*-in>!<iillwidespread among New Zealanders, (Questioned <Ol the next import::i;t s ep in the bank’s organisatiuii, the appointment of directors, Mr (Mates said this had been already the subject of a good deal of consideration, but no appointl.u nts u unbi lie made until ! here had been the oportunity of conv tdal iem wit It the bank's governor, v. 1.0 readies New Zealand on March 15.

Later. “The shares have now been allotted on rlir following basis, and allotment letters have been posted So applicants: Slut res applied for Allotmeiit, j ;0 10 . . . In full 11 to ‘25 Id 2fi to -1!) 12 50 to 100 15 101 to 200 17 201 to ;i:w 19 M4O to 500 20

“! again wish to express my thanks and appreciation of the vi rv valuable* assistance render' d by all those whose efforts contributed to the success of the i* sue. ”