THE BANK OF N.Z.
MEETING OF SHAREHOLDERS
By lekgritph.—Press Association. Wellington, Friday, At the adjourned annual meeting of the Rank of Now Zealand, this afternoon, the President dealt at length with the provisions of tho Act just passed. He said in addition to the entries required by the Act, it is now proposed to writo off the reserve fund £45,000, and the balance of the profit and loss account of £383, so as to reduce the bad and doubtful debts to £376,900. After referring to the new Bill he said in any event uo further call can bo made until after December 31st, 18$. the' wbpje pf'the stafionsj implements, stock and landed properties in New Zealand, the properties of tho Auckland Agricultural Company, and the Estates Company's i shares in tho Thames Valley Land Company are to be sold to the Assets Realisation Board for £2,731,706 and such additiona l sum as mnybe necessary, to adjust the accounts after March 31st.
'Tfiis" incubus in the assets of the Bank and Estates Company will be replaced by r 'debentures of the Assejri''Board, bearing 3$ per cent, interest,'and hpirig any,'deficiency upon th'enj guarjipteedbythe Colony,
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Wairarapa Daily Times, Volume XVI, Issue 5123, 6 September 1895, Page 2
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192THE BANK OF N.Z. Wairarapa Daily Times, Volume XVI, Issue 5123, 6 September 1895, Page 2
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