The Assets Realisation Board.
APPOINTMFNT of THE MEMBERS. Clause 28 of the Bank of New Zealand and Banking Act, of last session, provides for the appointment of an Assets Realisation Board to purchase, administer, and realise assets of the Estates Company, and of the Auckland Agricultural Company. Two of these appointments are to be made by the Governor, and one by the directors of the Bank of Zealand. The directors have appointed Mr W. Fraser, member for Wakatipn. Government have decided to recommend the Governor to appoint Hon R. Seddon a director, and Mr Todd of Mutual Agency Company pf Otago, as chairman, and tho recommendations are in Auckland awaiting the Governor's approval. The appointments according to the Act are for a 1 term of three years, and the whole of tho i chairman's time is to be devoted to bis ] work. The members are eligible for re- ] appointment at the expiration of their term of service, and before thai time aro i liable to removal by the Government or j the direotors of the Bank as (he case may t be. The aggregate of the salaries is, we i are in a position to state, leas than the t maxinm sum (£1500) a year mentioned i in the Act. Mr Foster will be appointed < manager — Times j
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Bibliographic details
Feilding Star, Volume XVII, Issue 150, 24 December 1895, Page 2
Word Count
218The Assets Realisation Board. Feilding Star, Volume XVII, Issue 150, 24 December 1895, Page 2
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