BANK OF N.Z.

Hokitika Guardian, 12 March 1932, Page 3

BANK OF N.Z.

, DIVIDED BASIS. NOTICE TO SHAREHOLDERS IN AUSTRALIA. WELLINGTON, March 9. The Bank of New Zealand has informed its Australian shareholders that dividends will be treated as payable in New Zaland currency. The decision affects the final dividends and the bonus of last year, and the interim dividend declared in December for the current year. In the first case, Australian shareholders receive an additional £lß' for each £IOO of / —■ dividend payable in New Zealand, ' and in the case of the interim £l3 additional for each'£i(X) of dividend. The circular accompanying the additional amounts is in these terms: “As a result of questions being raised by some Australian shareholders the Bank of New Zealand has taken ooinion of counsel, and it lias been resolved that shareholders on the Australian registers should lie paid the final dividend and the bonus for the year ended March 31, 1931, and the interim dividend declared in December last in respect of the current year in New Zealand currency. Enclosed is a cheque for the difference between the amount you actually received and the amount you should have received had you been banded a dividend warrant, .payable * n New Zealand.”