Page 2 Advertisements Column 3

Nelson Evening Mail, Volume LIV, 14 November 1921, Page 2

( IM.MSBATIoN HiK , ;oV KBN.M i.xNT I NTKRK-ST (Bv Nov. 12 tlir Bank 'if Nrvv Sl VtM" WHS void" i bam (i)uiidliii (Vii I,! ' Bopivyciitalivo.;if! el ('Mi.' lie dtiild not i : ”1 ie:irj come, bring- ! 1 ’j-im< 1 .Monster bad j Budge! io lln e\:n| ~ I,oiii ilii’ (hivei'iiment's i bank Mini had si tiled '.lie Ibe iearrangeme’o ( J, Tldi .Mr Sit" 1 indirrd'l. 11 tue j been d islribnl.dl { d jiio diivmmu’.H----.C10.1.785, vvherea s system ie received jjib.OOO Inti aium: idU-000. Ike r i n „.. Minister lor I stilled last year j ,„ t nnl ieipaled I bill the govern j HP's extra share oi ike probls ~„|d ||( , u, mWO. though ue j ul(i |lr . be sure. The a r ran gem cm! j. ~i JJ((t larned 'oui’ as had heen proim-v j 1 i.v the Hank- Kurthor. this year Ihe | ”1,1; bud writ I eii .050.00') oil land and j is, s, tlmugii these kvm; a*ready j , vv;) *l,, ;in abstil’dly low 'aloe. I 5” I ,’,;s C ni >.1,1 im ill the Bank s books \va.557 000. though the B;udt manager > j was 30966.261. and the I .ami , ix value 339515.021. Thai was a ■- ; ■ i-ve hidden away. 'But we haw i’rime Alhiisii: Iliad oi that. \)r Siatliam replied that, iv.y so,. Iml i t,: j-} i _•' in J ll > I i,,: i V i > ['i • . Here had been a digger d.stnbulmn prulits the < bi\ eiiiiin in would haw' ■, third. The Bank- increased [ i;m . v iiirwaul and it writing oh | ■O'.’Od'.VOh. ’ldiey were ask”d io jm' > !b(t iiiioie;h in one. nighl las- ( a i„.. jo/,me, had no opportna- j , ,• u-uin.r into il thoroughly (hough vaTsaspieu.us.of it. There was ;.o 1 anient under ill” present tUTange- ,, f,, r jbe Bank to increase ns cl i- - miion oi profits, because the (dovenr u veeeived a share o!’ a third instead ... seventh on the increase. Be ,'i.rh't. it was the duty oi/ the (y.. ml- i' rumen! ask iiio Bank why in did. il.- distribution ot profit w . Minister said that the. bud ii < interest# .in Ibe Sialharo ; "nut the money would been of litueli greater use to tin’ ■ ninmni now than pW into a f- , aee,uint ." Be contended that m- | ,-i’ ibr Slate giving its prestige j i( ,'Bank of New Zealand and eni<r ,i iu make ..enormous profils U /l ( ake over the Hank wholly. 1 balin' .Minster bad referred io the iu; of the (V„mr.nnib Bank oi Australia am! Biere V, ;l iiii.-on to fear lbat there would 1,, eqoailv good inanagcumnt oi a Bank ml New Zealand. p,i„ie Minister"Tlie Bank ot Z.aland does .more' for ns Mian f.miimmwoalth Bank does n-r An:S;! ban) argued that it was the ■meant business and influence that ■d tin’ Bank to do ibis. Prime ,Mhister said that d the bi'aine a Slate. Bank they wvouh. I! liial ibev oblaiimd by laxalion. !:i!, surely the Brinie •i(. refuse a freehold lose the taxes on it : ham woiili r-pl im il aadv Minis! i !' it ad,l v.We would we took over the that- the Coven-■ m- directors out and diirer. Mai ham lie from b.r notpr.iiits. ~f ahem \'t) ,, ibe andiior was a t.oveVUsaid liial- impiiry should llie directors as to the disl eilinting more of lb” lie maint.lined tluil in 20 pel’ cent. Ihe Bank, emdd liave-juaid out about ucui, ft was no advantage vernmeiil for the profits t’> winding up <'• d awav till tin ’rime .Minislen' said Bud 1 - * ‘ mil was losing nothing. H big interest on the money and next distribution of reserves U •reive its ibird share. ■thiirland’s Fluid Magnesia and ilwiiys buy Rbarlaud’s. l;’roslu>r rre eeonomieal than imported