RESERVE BANK
(Press Assn —
SECOND READING OF BILL MOVED BY MR. COATES DISTRIBUTION OF SHARES
-By Telegraph — Copyright) .
Wellington, Tuesday. The Minister of Finance (Rt. Hon. J. G. Coates) in bringing forward the Reserve Bank Bill for its second reading, said that the gain to the State would be about £60,000 annually. Continuing, Mr. Coates said that it had been determined to distribute the share capital as widely as possible. The Government would watch the matter ,closely and would also have to be satisfied as to the appointment of any officers. Mr. Coates said that in other countries a system had been adopted of part shareholder and part State eontrol. The Government desired to give this system a trial and in this direction, it would be well to take heed of the experience of other countries. Unless the confidence and co-ordinatioh of all interests could be obtained, the countrj' would not feel tbe full benefit of the cliange. The debate is proceeding.
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https://paperspast.natlib.govt.nz/newspapers/RMPOST19331025.2.32
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Rotorua Morning Post, Volume 3, Issue 671, 25 October 1933, Page 5
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162RESERVE BANK Rotorua Morning Post, Volume 3, Issue 671, 25 October 1933, Page 5
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