Bank of New Zealand
AN ASSETS COMPANY FOEMED.
LPIB UNITED PEEBB ASSOCIATION, j London, July 8. An Assets Company, in connection with the Bank of New Zealand, will shortly he announced, with 750,000 preference shares and 850,000 ordinary. One million and a half, worth of debentures haye been issued for the purpose of taking over the globo assets of the Bank. The whole of the debentures have been subscribed by the leading city houses, including Messrs Baring Bros, and Co., Messrs Glynn, Mills and Co., and Messrs Schroder and Co. The Bank . of New Zealand will nominate two of the Directors in the new Company and the debenture-holders three. The Manager of the Australia and New Zealand Mortgage Company will probably be appointed . Manager of the Assets Company. The ; general feeling m this city is that as soon as this matter is settled the Bank's ; troubles are over. The shareholders of ; th« Bank of New Zealand will meet , early in August. The Eight Hon. C.T.S. Eitchia, M.P., ] will be Trustee in the Assets Company, and Mr D. Hean one of the Directors.
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https://paperspast.natlib.govt.nz/newspapers/FS18900710.2.16
Bibliographic details
Feilding Star, Volume XII, Issue 11, 10 July 1890, Page 2
Word Count
182Bank of New Zealand Feilding Star, Volume XII, Issue 11, 10 July 1890, Page 2
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