BANK OF NEW ZEALAND.

Nelson Evening Mail, Volume XXX, Issue 50, 28 February 1896, Page 2

BANK OF NEW ZEALAND.

lhe Halt-Yearly Meeting,

[United Press Association.] Wellington, February 27 At the half.yeariy meeting of the Bank of New Zealand shareholders this afternoon, twelve shareholders, represenlina 162, shares, wero present, aud Mr C. J. Johnston, senior director, moved the adoption of the repoit Mr Geo Allan nrge-1 that statements such as read by the Chairman be circnlated to tbe shareholders a day or two before the meeting to enable them to come prepared to discuss any questions contained therein. He considered the report satisfactory, and his suggestion was in no way antagonistic. The Chairman explained that under the deed of settlement the directors were compelled to present their balance sheet and report to the shareholders in Aueußt each year, but it was not usual to circulate the half-yearly reports, and no balance sheet was prepared at those periods. He took it for granted that the half-yearly meetings had been established for the purpose of declaring intorim dividends lhere was no balance-sheet or report to form a basis for the publication of such statement as suggested by Mr Allan. Mr Allan expressed himself satisfied with the cxplanatfon and seconded the adoption of tha report, which was carried unanimously.