BANK OF NEW ZEALAND.
SHAREHOLDERS REQUIRE GREATER CONTROL.
PROJECTED FINANCIAL READJUSTMENTS.'
[UNITED PRESS ASSOCIATION—COPYRIGHT]
(Received April 5, 12.15 a.m.) LONDON, April 4. The London shareholders of the Bank of New Zealand will hold a meeting on April 8 when resolutions will be proposed requesting the Board to pay off one million debentures maturing in 1914 from its own resources, and also the shareholders claim to have control restored to them, the Government having a minority on the Board, but retaining the appointment of the auditor and the present veto, which will equalise control.
The . shareholders are prepared, when the Board is reconstructed, to furnish two millions capital as required'.
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Gisborne Times, Volume XXXIV, Issue 3796, 5 April 1913, Page 7
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109BANK OF NEW ZEALAND. Gisborne Times, Volume XXXIV, Issue 3796, 5 April 1913, Page 7
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