BANK OF NEW ZEALAND.
INCREASE OF CAPITAL. WELLINGTON, August 16. The authorities of the Bank of New Zealand state that the Minister of Finance has sanctioned the bank's proposal to call up £3 6s 8d per share of the uncalled capital on 150,000 ordinary of. the bank at present paid up to only £3 6s 8d per share. It was agreed between the holders of ordinary shares and the board in 1913 that when the' bank made their last issue of additional capital this uncalled amount should be called up within seven years, and at the present time, 'when banking authorities in the leading countries of the world are all strengthening their capital, It is considered a suitable juncture at which to make this call. It will be made in January next, and b 9 payable in one amount of £3 6s 8d per share on April 1, 1920. After this payment has been made all the ordinary shares of the bank will be paid up to £6 13s 4d per share.
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Bibliographic details
Otago Witness, Issue 3414, 20 August 1919, Page 28
Word Count
172BANK OF NEW ZEALAND. Otago Witness, Issue 3414, 20 August 1919, Page 28
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