BANK OF NEW ZEALAND BOARD
SUGGESTIONS IN LABOUR BILL.
GOVERNMENT NOMINEES’ POWERS.
®y Telegraph.—Preie A»«ociatio«.
Wellington, Last Night,' Moving the, second reading of the Bank of New Zealand Amendment Bill in the House of Representatives to-day, Mr. F. Langstone (Labour, Waimarino), said it aimed at conferring on the directors of the bank appointed by the .Government the same powers as those enjoyed by the directors representing the shareholders. It also provided that directors appointed by thq Government should not be connected with other banking, commercial, insurance or other financial concerns. _ . The Prime Minister, the Rt. Hon, G. W. Forbes, said it would be difficult to obtain men with the necessary quail* fications for appointment who were not connected with institutions of the kind to which Mr. Langstone hand referred. The debate was interrupted by the adjournment of the House at-5.30 p.m.
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Taranaki Daily News, 6 August 1931, Page 7
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141BANK OF NEW ZEALAND BOARD Taranaki Daily News, 6 August 1931, Page 7
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