SYDNEY STOCK EXCHANGE

Nelson Evening Mail, Volume LXIV, 21 February 1931, Page 7

SYDNEY STOCK EXCHANGE

BANK OF N.S. WALES SHARES (United Press Association—By jlecti-ic Telegraph—Copyright) SYDNEY, 20th February. On the Stock .Exchange to-day Bank of New South Wales shares wore hard in an active market despite pressure f rom sellers. This scrip I mini ready sale at £27 ss. Regarding shareholders’ further protest about the ddidend being paid in Australian currency, officials of this bank are making no comment. The general manager is at present in Melbourne attending Mr Theodore’s financial conference. Wellinformed circles point out that the bank can make no differentiation in the amounts paid shareholders and are of opinion that it is scarcely likely the New Zealand protest will carry any weight. id Business iii bonds on the change was very restricted, and all issues show an easier tendency.

MEETING OF SHAREHOLDERS CALLED (By Telegraph—Press Association) DUNEDIN, 20th February. The Dunedin Stock Exchange has convened a meeting for Tuesday of shareholders in the Bank of New South Wales with a view to passing a resolution urging the directors to re consider the decision to pay the dividend in Australian currency. A WELLINGTON PROTEST WELLINGTON. This Day. A resolution strongly protesting against the decision of the directors of tiie Bank of New South Wales to pay dividends in Australian currency was carried yesterday at a meeting convened by the Wellington Stock Exchange, and attended by some 50 shareholders.