NATIONAL BANK Or NEW ZEALAND.
At the recent meeting of shareholders of the National Bank of New Zealand, the chairman, the lion. William Pember Beeves, made some very interesting comments upon financial and economic conditions in New Zealand. The recent report of the bank made it clear that the absence this year of a bonus was not due to any great reduction in profits for the past year, but to a recognition of the need for conserving resources in view of.the conditions prevailing in New Zealand. That point was made still clearer by Mr. Pember Reeves in his remarks at the meeting of share- holders, and he referred also to the manner in which New (Continued on page 112.) Financial Notes (Continued frtm page 110)
Zealand had been adversely affected by the recent new tariff arrangements both in the United States and in Canada. « * * *
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