The Banking Bill.
STOCK EXCHANGE OPINION. WELLINGTON, Nov. 18. At a meeting of the Wellington Stock Exchange to-day a resolution was passed drawing the attention of the Government to the fact that in the opinion of the Exchange the clause in the Dank of New Zealand Bill relating to the method of disposal of forfeited shares is not in the 'best interests of shareholders, inasmuch as if the power given by tho clause were exercised, and shares offered for sale or tender, such procedure would have a very 'damaging effect upon the market price of shares. The Exchange suggested that in substitution thereof tho directors be granted power of first offering these shares to shareholders of the Bank.
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https://paperspast.natlib.govt.nz/newspapers/TDN19031119.2.27
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Taranaki Daily News, Volume XXXXV, Issue 250, 19 November 1903, Page 3
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118The Banking Bill. Taranaki Daily News, Volume XXXXV, Issue 250, 19 November 1903, Page 3
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