Bank of New Zealand.
« The following circular, which has just been issued, we fear means ruin to many : — 11 Wellington, 6th December. 1894. " Dear Sir or Madam, — I enclose herewith notice of a call of £3 6s 8d per share of the reserve liability of shareholders, made in pursuance of clause 5 of the Bank of New Zealand Share Guarantee Act, 1894. It is considered necessary to the welfare of the Bank to call in and cancel one-half of the Bank of New Zealand Estates Company 5k percent, debentures, amounting at present to £1,---500,000. " The directors regret the necessity for this call, but they believe it to be in the interests of the shareholders, and conducive to the success of the Bank. "I am, &c, " C. G. Andrews, 1 " Acting-General Manager."
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Manawatu Herald, 8 December 1894, Page 3
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131Bank of New Zealand. Manawatu Herald, 8 December 1894, Page 3
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