Reserve Bank Directorate
[Special. To “Northern Advocate”! WELLINGTON, This Day. Following the retirement of two directors of the Reserve Bank of New Zealand by ballot yesterday, the membership of the board, exclusive of the governor, the deputy-governor, and the Secretary to the Treasury, has now been reduced from seven to four. The names of the two members of the board who retired yesterday have not been officially announced. The retirement of the two directors was carried out in accordance with Statute at an ordinary meeting of the directorate. The low strength of the board is due to the fact that one member who retired in similar fashion last year, and whose retirement has not yet been officially' announced, has not been replaced. As a result of the two retirements yesterday, only two of the original directors remain on the board. There will be a further ballot before July 31 next year, to determine the retirement of one of them, and the sole survivor will retire on July 31, 1940.
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Bibliographic details
Northern Advocate, 30 July 1938, Page 4
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169Reserve Bank Directorate Northern Advocate, 30 July 1938, Page 4
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