MORTGAGE BONDS
ASSURING SUCCESS A satisfactory outlook was revealed at a statutory meeting on Saturday of the First National Mortgage Bond Corporation. Mr. H. T. Merritt, the chairman of directors, presided. Mr. Merritt said, in moving the adoption of the directors' report, that tho company had several thousand shares above the minimum number required to begin business. It was the desire of the directors to operate on sound lines, and, because of this, it was advisable that the financial stability of tile company be assured completely. Xo company similar to the corporation was operating in New Zealand at the present time. Overseas, similar concerns had met with marked success. The directorate comprised men of extensive local experience in banking and tlnancial interests, ensuring a sound foundation for and safe conduct of the business. The conservation of expenditure up to the moment had been such that public confidence would increase. It was hoped eariv in the New Yea- that sufficient further capital would he forthcoming to enable tile company to begin with every prospect of success.
Messrs. Hutchison. Elliffe :rd Cameron were elected auditors.
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Sun (Auckland), Volume III, Issue 853, 23 December 1929, Page 10
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183MORTGAGE BONDS Sun (Auckland), Volume III, Issue 853, 23 December 1929, Page 10
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