BANK OF NEW ZEALAND.
ANNUAL MEETING. . PROSPEROUS CONDITION OF . .. BUSINESS. Prm Auotiation—Electric Telegraph.— London, August 10. At the annual meeting of shareholders of . the Bank of New Zealand, Mr. Richard Glyn stated that the business of the institution was in a prosperous and healthy condition. . He proposed to spend the English winter in New Zealand, and would embrace the opportunity of studying the Bank's affairs. He said that the increased deposits in New Zealand overcompensated the withdrawal of English capital. New Zealand security, he contended, was the safest of all the Australasian colonies, and he hoped shortly to pay the Estates Company's debentures, and substitute others at a lower rate of interest.
The report and balance-sheet were adopted, and Sir J. Fergusson and Mr. Herbert Fison were re-elected members of the London Board.
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Bibliographic details
New Zealand Herald, Volume XXIX, Issue 8955, 12 August 1892, Page 5
Word Count
133BANK OF NEW ZEALAND. New Zealand Herald, Volume XXIX, Issue 8955, 12 August 1892, Page 5
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