BANK OF NEW ZEALAND
THE DIRECTORATE VACANCY. NOT TO BE FILLED MEANWHILE: (Per United Press Association.) WELLINGTON, December 14. Speaking at the half-yearly meeting of the Bank of New Zealand to-day, the chairman, referring to the vacancy on the Board of Directors caused by the death of Mr R. W. Kane, said: “I have to state that the question of appointing a shareholder temporarily to the position has been considered and it has been decided that no appointment be made in the meantime. The vacancy will be filled by the shareholders themselves at the annual meeting in June next. You are probably aware that shareholders who intend to seek election as directors must, according to deed of settlement, give four calendar months’ notice in writing of their intention to do so. The earliest time, therefore, for an election to take place would be in May, because the annual meeting is held in the following month, and it is not considered necessary to convene a special meeting for the purpose.” >
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Bibliographic details
Southland Times, Issue 19123, 15 December 1923, Page 5
Word Count
169BANK OF NEW ZEALAND Southland Times, Issue 19123, 15 December 1923, Page 5
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