fund was equal to almost 10 per cent, of the advances and debts, due to the bank, a satiVactorv position, and if the bank’s capital and reserve fund were taken as against the advances, they represented nearly 30 per cent, of the debts due to the bank—a very strong position indeed. At a subsequent meeting of the board Sir Mark Sheldon was re-elected chairman.
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https://paperspast.natlib.govt.nz/newspapers/HOG19310813.2.15.2
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Hokitika Guardian, 13 August 1931, Page 2
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64Page 2 Advertisements Column 2 Hokitika Guardian, 13 August 1931, Page 2
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