Bank of New Zealand

Feilding Star, Volume XI, Issue 76, 17 December 1889, Page 3

Bank of New Zealand

By Electric Telegraph. — Copyright. J PER UNITED PRESS ASSOCIATION. I 1 London, December 13. The Financial News eulogises the, Directors of ,the Bank of New Zealand for asking for, proxies at the annual meeting in Auckland to secure 'the transfer of the' management to 1 London. ' ' • > A The circular issued to shareholders says it is possible that the globo assets will be transferred to a trust company. The directors ( are confident that a splendid future is in store for the bank. , <„,«• -.. •> The Bank of 'New 'Zealand, shares are quoted atjlOs lower. The - members of the Exchange ridicule any alarm being felt by the English depositors, tAtr * The Economist considers 'that the ' Directors ought to meet~Mr i ßuckley's charges with a specific ''disproof, and not by a vague disclaimer. ' •' «■' 'November 14. The solicitors of Mr G. IJuckley, ,oi Auckland, write 'to The Times stating %that he will shortly certify the allegations made at ; the,meetipg of the Bank " of New Zealand/ The, Bank of >New; 'Zealand shares are quoted , a.p—r Old* issue,' £6 to £7 new issue, £9 to £10. - • - r> i , . . 1.1 • December 15. Reynolds'- newspaper-' severely criti cises the balance- sheet 'of the Bank o New Zealand. .' ''» '•> Stdnet/ December 16 The Sydney Morning Herald thinks i if not surprising that' ,the laat lepoit o the Bank of Now "Zealand- caused a littl< excitement in Eondon, for what happen^ in the colonies can scarcoly fail to happei lrfLondon, and dittance often exaggerate the importance of events of this chaiacter. The Heiald considers it would be as well perhaps were Mr Buckley's^chargei more specifically "met than has yet beet done. Taking the case, ioweyer, at lti worst, theie does not appear any causi for alarm, but on the contrary there 11 reason 'to hope tKat<the bank ( will start in the returning prosperity' of the colony