Bank of New Zealand.

Tuapeka Times, Volume XLIX, Issue 6690, 20 August 1919, Page 3

Bank of New Zealand.

INCREASE OP CAPITAL BY HALF A MILLION. Wellington, August lfi. Tho authorities of the Bank of New Zealand state that the Minister of Finance has sanctioned tli3 bank's proposal to call up £3 Gs 8d per share on of the uncalled capital on 130,000 ordinary shares of the bani at present paid up to only £3 6s 8d per share. It was agreed between the holders of ordinary shares and the hoard in 191? that when the bank made their last issue of additional capital this uncalled amount should be called up within seven years, and at the present time, when banking authorities in the loading countries of the world are all strengthening their capital, it is considered a suitable juncture at which to make this call It will be made in January next, and be payable in one amount of £3 6s 8d per share on April 1, 1920. After this payment hv; been made all the ordinary shares of the bank will be paid up to £6 13s 4d per share.