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Pahiatua Herald, Volume II, Issue 195, 29 August 1894, Page 2

Tiik application of tho Hank of Now Zealand Share (iua ran tee Act, ls!)l. in so far as it relates to the meeting of shareholders is announced, and the meeting of shareholders in terms of the Act, to elect live directors, is to be held in Wellington on the 26th Sep Uvular. Who are to b the new directors ? now becomes a very in! toxting question. It is nonsense to > score or more shareholders who may attend, the neeting will make, up the r i ■ lire d by he d 1 >1 incut but can scarcely have any voice in the elec*ion, as against the proxies that are sure to be in the possession of th< Rank s officer. We gather from the figures furnished by the Now Zealand Times that t in re are on the London regie!,; r 02,60.1 aha l '* ■. on the \ 2 5,010 . ... 1 New Zealand register, 73,3H9 shares. There are thus 77S shares more on tho New Zealand register than on the other two regisb i's combined, hub itwithstandiu hi i i i it that n i cat 1 U Hoard can have ; he remotest chance l holder. The greater portion of the proxie . ni oil tee !i- il.ni reholders will no doubt, be given to the official ropre sunlit lg the Bank at the meeting, and the lava of this official will determine the election. Knowing ilmt. it must work out m this manner, it remains to be ou who arc the nominee! of

Mr John Murray. He has a very small field in which to choose, but that his choice will be wisely directed we have not the least doubt. The position of a director will not be a mere sinecure, therefore animated blockheads with so-called social standing are not wanted, but common sarise and practical business men are needed.