LATEST TELEGRAMS.

Te Aroha News, 15 February 1890, Page 2

LATEST TELEGRAMS.

(By Electric Telegraph). (rnosi omt own couukspondunt). LATEST FROAI AUCKLAND. BANK NEW ZEALANDRESOLUTIONS CONFIRMED RE REMOVING HEAD OFFICE LONDON. A CHEERFUL STATEMENT. AUCKLAND, Last Night. The Bank of New Zealand meeting today passed off quietly. The resolutions confirming the removal of the head office to London were adopted. Major George, one of the directors, stated : “We have continuously and recently most carefully reviewed the position of the so called Globo assets, and I do not hesitate to say that I regard these assets most hopefully, and had we been permitted to go on quietly we could have carried on the Bank successfully, and worked out these assets to the interest of all concerned. I would like you to bear in mind that from the interest returning properties, there was an increase of £IB,OOO last year over the previous one, and we have reason to believe that there will be a further increase this year. This being the case, surely we can take credit for a large increase in the value of the properties which yielJ these increased ieturrs. lam convinced the Bank is sound, notwithstanding what may have been said, or worse insinuated, to the contrary.”

SIR GEORGE GREY ON THE LAND TAX. Sir G. Grey addresses a meeting on the Land Tax question next Tuesday in Auckland. SHAREMARKET. , : Bank New Zealand, sellers L 5 (new) ; New Zealand Insurance, sellers 65s 64; South British Insurance, buyers 35s ; New Zealand Shipping, buyers, 68s : Land Mortgage, sebers 15s 6J.