BANKING BILL.
By, Telegraph—Press Association— Wellington, last night.
At a mooting of tho Wellington Stock Exchange, to-day a resolution was passed drawing the attention of tho Government to tho fact that in the opinion of tho Ex- | change tho cluuse in the Bunk of New Zealand Bill, relating to tho method of disposal of forfeited shares, is not in the . best interests of shareholders, inasmuch ns if the power givon by the clauso were exercised and shares loffcred for sale or tender, such procedure would have a very damaging effect upon the market price of shares. The Exchange suggested m substitution thereof that the directors be granted power of first offering these shares to shareholders of the Bank.
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Bibliographic details
Gisborne Times, Volume X, Issue 1051, 19 November 1903, Page 3
Word Count
118BANKING BILL. Gisborne Times, Volume X, Issue 1051, 19 November 1903, Page 3
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