BANK OF NEW ZEALAND.
HALF-YEA IiLY MEETING. l'lilt I'IIESS ASSOCIATION. Wellington, December 15. At the half-yearly meeting of the Bank of New Zealand to-day, the Chairman said the business done continues to show satisfactory expansion The' markets for most of the Colony's products ore in a healthy condition. The high prices of wool and dairy produce counteract the drop in frozen moat. With regard to the 22,'216 shares forfeited owing to non-payment of calls, the first lot were sold at a little over £4 lis 8d per share. Later on 5000 fetched £'s 8s per share, in December last 1433 were sold at £5 Is 7d per share, while in March last the balance realised an average oJ £6 2s 3d. By these sales the shareholders' capital is restored to its full value of £500,000, and £57,000 has been added to the reserve in the shape of .pre miums 011 the forfeited shares,
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Taranaki Daily News, Volume XLVII, Issue 8005, 16 December 1905, Page 2
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153BANK OF NEW ZEALAND. Taranaki Daily News, Volume XLVII, Issue 8005, 16 December 1905, Page 2
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