SHARES OF RESERVE BANK
TRANSFER ON PROPER FOOTING. Mr. J. G. COATES’ STATEMENT. By Telegraph—Press Association. Christchurch, May 23. Transfers of Reserve Bank shares are likely to be put on a proper footing, according to a statement by the Minister of Finance, Mr. J. G. Coates. When interviewed here the Minister explained that before a transfer could be put through it had to be approved by the board of directors. The bank directors had been appointed only within the last few days, but it was the wish of the Government that they should meet in the near future. One of the first duties would be to make the necessary arrangements for transfers.
The Reserve B. nk will commence to function to a certain degree on August 1, ■ when it will take over the whole of the note issue of the Dominion.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19340524.2.54
Bibliographic details
Taranaki Daily News, 24 May 1934, Page 5
Word Count
141SHARES OF RESERVE BANK Taranaki Daily News, 24 May 1934, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in