LATE CABLES.
£ [Bt- Electbic Tbleokaph— Coptbioht.] J THE BANK OF NEW ZEALAND. A COSTLY LIBEL SUIT- COSTS .£17,000. . d INVESTMENT OF TRUST FUNDS. * [Peb Press Assooiation,] s (Received February 26, 9.23 p.m.) e London, February 25. y Mr Oscar Mayer, who represented New South Wales -at the Mining Exhibition, a is arranging a tour to Australia in Sepe teinber. if Edwin Walter Timber, merchant) of it London, has failed for nearly .£400,000. At a meeting of the Bank of New Zea- || land aharohold. .• ■•>, Hie Hon. Secretary (Mr Glynn), said buac a, profit had been . ; realised sufficient to pay a dividend of 6 '■■ per cent., but it had been thought better " 'to carry the whole amount forward to 3 next year. It had been decided not to I,' appoint a permanent local board in Auckt land. Most distinct signs of public cona fidence had been shown in the Bank, especially by the increase of . deposits. Q Mr William O'Brien has been served d with a writ for .£17,000, the amount of t> costs in his libel action against Lord 0 Salisbury. The Agents-General intend to wait on Lord Knutsford to urge him to push on legislation in the matter of the investment of trust funds. City influences are strongly hostile to the proposals.
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Bibliographic details
Wanganui Chronicle, Volume XXXIII, Issue 11205, 27 February 1891, Page 2
Word Count
212LATE CABLES. Wanganui Chronicle, Volume XXXIII, Issue 11205, 27 February 1891, Page 2
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