THE BANK OF NEW ZEALAND.

Taranaki Daily News, Volume XXXXIII, Issue 36, 16 February 1901, Page 2

THE BANK OF NEW ZEALAND.

! HALF-YEARLY MEKIIXU. f ENCOURAGING REPORTS. [PHB PRESS ASSOCIATION.] Wellisgtojj, February 15, At the half-yemly in'oting of the Bank of New/'.i! tiul Mr. Hhir prs-t-idcd, and'•hero \\a.~ a lar; ' aUendnncfi of eharelioldci'K. Tho (Jlnirmni. said that it being a s'atutbry ruaotins; no accounts would bs presented, lie went on to say that tho hopes h>-ld out by him at the annual niee'irg for the future of the bmk had cscationed largo purchases in chares; a result ha had noi an'ieipatid, as ho only intended his remarks to lr'nt to shareh ildei s not to throw away their shams. He intimated that from to-morrow trar-teis of share', etc., which hifhorto h-ive b"en executed free, hwe to bear the usual burden of Gd for each transfer. With referenci to the bank's position he was glad to say his forecast at the annual meeting would ber-aliaed. Coatiouing, he said the business had been exWsivo, and the bank wan in a very prosprr< v us t indition. II •) could not give definite figures, but be sail that during the half-year tho public had shown every confidence in the Bauk. The deposits had oy over .£60,000, and th*j advances, tco, bad hrgely increased, I probably by over £300,000. IV colony, In said, was never in a mor condition than now, and he i of erred t) tho <•!' pioliii-'s, every new one of which hid its m fhit'nse on the stabtli'y of thi eol ny ■:■ | well as ou the limit. Ho siid the l I markets in South Africa ofi'ored aj 'splendid opportunity far p odurerc, which he thought would incio'Sd if we could only terminate " the wi etehnd war." I!o had at the last meeting mentioned that h ■ did no - , ihiuk the land values would ba aiaintamod, but oxpariencc did noL support hi< opinion. 'A* showing the i:or..Utioij of the eo'onv, he, dnel.M-.3d that a iitt-go .amount of tinBank'.; bo.'Uarss v.:3 no v wish, where fornisi-ly it win on tivdit. On >ha ballot, Aii. V/at-on tea* re-elee:e-d a direcoor. Th'jti uooting th.-u tunr.ia-ued.