BANK OF NEW ZEALAND.

Wairarapa Daily Times, Volume XI, Issue 3602, 1 September 1890, Page 2

BANK OF NEW ZEALAND.

_'.•. Half-Towiy Hoettaj., : ■■'-. V ! London, August 28.. At. the half-yearly, meeting of the Bank of New Zealand shareholders Sir J. Fergusson, President, said the • formation of the Now Zealand Estates . Company liberated large balances, which - would recoup to the share- ; ." ,; holders the sacrifices they had been obliged to make. There was a general i '■"■. improvement in' the colony," but Mr Buckley's rash 'and reckless "attack's""'"■'"'' had impeded a corresponding, ira- ■ provement in the affairei of and wero suggestive'of an antentipnvi.ij to destroy it altogether.if possible! ""* ; The resolutions were parsed unanimously. ... ■„'.■ ,!.. -, 7 -/ v

:/ • ' \ ' "''''''limn. ' ' '), Speaking at the Bank of New Zealand meeting, Sir J..Fergusson / ~ said the sale of the " globo. assets" would enable .them to meet;: their, creditors and employ, the London balances in.Uie extension of colonial ■ business. Mr Buokley's assertions as', '' " to tlieadditional losses were erroneous. He was confident they had got down Ito the>d rook, and had faith in the \ future,.: ■./.';... L '/' ' The. amendments;- .to \ apply the sur'plus:value f of the Bank premises t > 'trJVa 4 .reductibh jbf ■ the'deficit, and s> make theiold shareHolderaVreflponsi- _ . ble'fpr the losses, was withdrawn. ';y- t . ': .•;'•'■:.' ' ; -August29. .BankofN^Zealaiidshares have tißk'los',>V^f''vv,'-.,■'^, : ! ""