The Colonial Bank.
(Per Press Association.) Dcnedin, November 20. The adjourned half-yearly meeting of the Colonial Bank was held to-day. The Chairman said as the result of the special meeting had been to ratify the contract for the sale of the business, there was no business to be brought forward save the formal adoption of the report and balance sheet. He did not know that even that was essential. The business had been taken over by the Bank of New Zealand, stud a large number of the staff throughout the colony had also been taken over. Replying to questions, the chairman said they had cotue to a decision as to who was to be liquidator. The directors would recommend one to the Supreme Court, and it would be for the Judge to say whether he would accept the nomination. The report was adopted and Mr G. L. Denniston was appointed auditor. Captain Stewart, who asked if shareholders presenting themselves to the Judge to request to be allowed to nominate a liquidator would be heard, was advised to consult a solicitor.
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Bibliographic details
Feilding Star, Volume XVII, Issue 122, 21 November 1895, Page 2
Word Count
180The Colonial Bank. Feilding Star, Volume XVII, Issue 122, 21 November 1895, Page 2
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