RESERVE BANK

Timaru Herald, Volume CXXXVII, Issue 19804, 21 May 1934, Page 8

RESERVE BANK

APPOINTMENT OF DIRECTORS ANNOUNCEMENT BY MR COATES By Telegraph—Press Association CHRISTCHURCH, May 20. The seven directors of the Reserve Bank of New Zealand, who have been appointed by the Government as required by the Act passed last year, were announced by the Rt. Hon. J. G. Coates, Minister of Finance, in an interview by telephone to-night. Three are State directors and four are representatives of shareholders. Of these four two are required to be persons who are or who have been actively engaged in primary industries, and the other two are required to be persons who are or who have been actively engaged in industrial or commercial pursuits. The directors appointed are: State. John Gavin Duncan, of Wellington. David Alexander Ewcn. of Wellington. Richard James Hudson, of Dunedin. Primary Industries. James Begg. of Dunedin. Edward Jasper Herrick, of Hastings. Industry and Commerce. Edward Anderson, of Auckland. Norton Francis, of Christchurch. Mr D. A. Ewen. M.8.E., of Wellington. is a director of Sargood. Son and Ewen. Ltd. Mr Ewen was born in Middlesex, England, in 1884 and educated at Mill Hill School. He served at the war with the New Zealand Field Artillery and was embarkation officer from 1915 to 1917. Mr James Begg is a director of the Otago Daily Times Company. Ltd., the Westport Coal Company and the Perpetual Trustees and Agency Company. Ltd. During the war he was a member of the Efficiency Board, and since then has served on the Taxation and State Expenditure Commissions. Mr E. J. Herrick, of Hastings, is a well-known Hawke’s Bay pastoralist. Mr Norton Francis, C.M.G.. is managing director of Pyne, Gould, Guinness, Ltd., and a director of the Canterbury Frozen Meat Company and other commercial undertakings. He was born in Middlesex in 1871 and educated at Highgate School. He came to New Zealand in 1893 and was farming at Waimate till 1919, when lie removed to Christchurch. He was Mayor of Waimate for several years and a member of the Tirnaru Harbour Board and South Canterbury Hospital Board for some years. He served throughout the war, being Director of Base Records from 1915 to 1919.