Bank of New Zealand.

Thames Advertiser, Volume XXVIII, Issue 8366, 29 February 1896, Page 4

Bank of New Zealand.

'~ '(Per Press Association) . Weluxotox, Eolmuuy'2B. ■■'■'.'. At the half-yearly meeting'of the "Bank of Now Zealand, shareholders, ■ '■ representing 1G27 shares; were present. The Hon. W. Johnston, the senior ■ 'director, intheahsenceof thoChairnian, . presided, and moved tho adoption of ■ the report. . • j .■•■•■ Mr Goo. Allan urged that statements ■ such as read by ,tho. Chairman he .circulated to shareholders a day or two ' heforo the meeting to enable them to ,(;6rao to the meeting ready to discuss ■'any question contained'therein. Ho considered tho report satisfactory, and his suggestion was in no way antagonistic. . •'',,, i . 'ThoChairnian explained that under tho deed of settlement tho directors ■were compelled to present the balauco- ' sheet and report to the shareholders in ..August of each, year, but it was not usual to ."circulate half-yearly reports ; and no balance-sheet was prepared at these periods. He took it for granted •that thohalf-ycarly meetings had been , established for the purpose of declaring interim dividends. Therp was no balance-sheet or report to form a basis for publication of such statements as suggested by Mr Allan. Tho hitter expressed himself satisfied with tho ■ -'explanation, and seconded tho adoption of tho report, which was carried utianimeusly. : The meeting, which only. lasted six minutes, then adjourned.