THE BANK OF NEW ZEALAND.
THE NC-DIVIDEXU POLICY. EFFECT IN LONDON. OPINIONS OF THE PLESS. Loxdox, Octokor 30. —Tlie nonpaymeat of a dividend oy tho Bank of NewZsaiand caused a sensation among tho English shareholders. Tho fell £2 and New Zealand stocks suffered. Deferring to the action of the directors of the Bank, the Dally News says there is no causo for alarm, The Standard, on the same subject, remarks that it is evident tho colony is going from bad to worse. Colonial stocks are. slightly weaker. Tho Financial Nows, referring to tho Bank of New Zealand’s affairs, spates that theßank is the centre main- * spring of a class dangerous to finance, and tho tool of Ministers like Vogel, whose wild extravagance and reckless expenditure have overwhelmed the colon}’ in debt. The Statist insists that it is desirable shareholders should know how much the Bank has lost. The Economist considers f hat the directors of the Bank were quite right in not declaring a dividend when the profits did no warrant it .
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Bibliographic details
Patea Mail, Volume I, Issue 4, 3 November 1887, Page 2
Word Count
172THE BANK OF NEW ZEALAND. Patea Mail, Volume I, Issue 4, 3 November 1887, Page 2
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