REVERSAL OF POLICY
-Press Assooiation . *
Trust Investments CHANGE 0F DIRECTORATE
(By Telegraph-
WELLINGTON, Jan. 16. With referenee to the reorganisation of the board of directors of the New Zealand Investment Trust, Mr J, S. Barton to-day made the following statement: — "There is only one aspeet of the matter to whieh I shall refer at present. The change-'over represents a change ia investment poliey and in the personnel of the directorate involving the retirement of certain directors, It is certainly due to these retiring directors to say that, having announce'd a reversal of the investment poliey followed by them in a very difficult financial period, there remains no further ground for criticism Of their actions. They retire with clean records. The new directors must confer with them and s-cclc their help in picking up the threads, and in these conferences all will meet on the common standing of men of business integrity and honour wOrking towards a eommon end. " v (Earlier message appears on page 9.)
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Bibliographic details
Hawke's Bay Herald-Tribune, Issue 1, 16 January 1937, Page 5
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165REVERSAL OF POLICY Hawke's Bay Herald-Tribune, Issue 1, 16 January 1937, Page 5
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