Bank of New Zealand.
w STOCK INSTEAD OF SHARES. IFEB PRESS AS>OCIATIONj. Wellington, July 13 The Bills relative to the Bank of New Zealand, which were given notice of to-day, are to enable the bank to issue stock instead of shares, as originally provided for. The Agent-General, who has been in communcation with Government during the week, advises that stock will be a more useful and handy form of issue, and the bank officials at Home, as mentioned in the cables, are in favor of the alteration. There is a duty to pay on the stock, but this will be provided for by the premium at which it is to be issued. Had not the Treasurer been ill the Bills would have been brought down and ,put through this week. London. July 13. It is reported that the Bank of New Zealand issue has been underwritten at 101 £, the net proceeds to the Bank being par.
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Bibliographic details
Feilding Star, Volume XVI, Issue 12, 14 July 1894, Page 2
Word Count
156Bank of New Zealand. Feilding Star, Volume XVI, Issue 12, 14 July 1894, Page 2
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