BANK OF NEW ZEALAND.

Star (Christchurch), Issue 5655, 28 August 1896, Page 2

BANK OF NEW ZEALAND.

GENERAL MEETING. [Per Press Association.] WELLINGTON, August 27. A general meeting of the Bank of New Zealand was held this afternoon, about twenty shareholders being present. Mr W. Watson, president, occupied the chair. After Messrs F. G. M'Carthy and M. Kennedy, the retiring Directors, had been unanimously re-elected without opposition, the President, in addressing the meeting, said that they were, no doubt, all aware that a committee from each branch of the Legislature was discussing banking matters, and, among other things, was asked to inquire and report as to the administration of the Bank of New Zealand and the conduct of its officers. Under these circumstances the Board was unanimously of opinion that the present meeting should adjourn for sufficient time to allow those Committees to report, when shareholders would have all the evidence taken at the inquiry before them, and would be in a much better position to discuss the affairs of the bank. He, therefore, moved that the meeting should adjourn until Thursday, Oct. 15. The Hon W. W. Johnston seconded the motion, which was carried without discussion. Mr M'Carthy, in returning thanks on behalf of Mr Kennedy (who is absent in England) and himself, said that, no doubt, the former's visit Home would prove of great benefit to the bank. The meeting then adjourned, having lasted under five minutes.