THE BANK OF NEW ZEALAND.
AN ASSETS COMPANY TO BE FORMED. (IIY EI.ECTRIC TKLKISJUriI— COI'VKKJIIT.) London - , July S. An' Assets Company in connection with the Bank of New Zealand will shortly be announced with 750,000 preference shares, and 850,000 ordinary ones. One million and a half worth of debentures have been issued, for the purpose of taking over the (Hobo assets ut the bank. Tho whole of the debentures have been subsciibed by tho leading city houses, including Messrs Barring Bros, and Co., (ilyn, Miles and Co., and Schtoder and Co'. The Bank of Ne-v Zealand will nominate two directors in the new Company, and the debenture holders three. The manager of the Australian and New Zealand Mortgage Company will profcably be appointed manager of the Assets Company. The general feeling in the city is that as soon as the matter is settled the Bank's troubles aro over. Tho shareholders of the Bank of New Zealand will meet early in Angnst '
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Bibliographic details
Waikato Times, Volume XXXV, Issue 2807, 10 July 1890, Page 2
Word Count
161THE BANK OF NEW ZEALAND. Waikato Times, Volume XXXV, Issue 2807, 10 July 1890, Page 2
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