Bank of Australasia half yearly meeting at Threadneedle Street
Directors report profits from three New Zealand branches and outline accepting London deposits for fixed twelve month terms to fund colonial operations. Capital rises to £1,200,000 with £300,000 new stock. dividend remains £2 12s per share or 14 percent. Shareholders debate deposit terms and risks of quick withdrawal and hypothecation. meeting adjourned after unanimous adoption of the report.
MENTIONED IN THIS ARTICLE
Bank OF Australasia
Bank
Threadneedle-street
White
New Zealand
London
Botley
Mr. Jones
Australia
Jones
India
Blandford
Amalgamation Terms for Hindustan China Japan Bank Shareholders
Extraordinary meeting chaired by Mr Joseph Mackrill Smith approves amalgamation with the Bank of Hindustan China and Japan Limited. Key points include issuing 20 000 new shares at £6 premium, reserve fund allocation, use of £1 premium to cover expenses, a 10 percent dividend, four directors to join the new board, equal ranking of new shares, and a 25 per share discount option at 6 percent.
MENTIONED IN THIS ARTICLE
Imperial Bank OF China
India
Japan
United Banks
Bank of Hindustan
China
Bank of Ilindustan
Janae
Wndertakinn
Bank of
Hindustan
East
Frederick Maynard
Heritage
Maynard
Livicx
Hear
Bank of China
Levick
Morrison
James Frederick Stuart Wortley
Richard Cooke Coles
Joseph Mackrill Smith
Henry Turner
Amalgamation Proposal With Bank of Hindustan China and Japan
The directors discussed an agreement with the Bank of Hindustan China and Japan Limited to amalgamate, subject to shareholder confirmation. The plan projects four million nominal capital with one million paid up and a 10 percent interim dividend from Hindustan, plus a possible further dividend on exchange of share certificates.
Bank of Hindustan to absorb Imperial Bank of China India and Japan
An extraordinary meeting at London Tavern approved terms for voluntary winding up of the Imperial Bank and its purchase by the Bank of Hindustan. Hindustan’s capital would rise to £4,000,000 via 20,000 new £100 shares at a premium, with 1 new share issued for each Imperial Bank share.
MENTIONED IN THIS ARTICLE
Bank OF Hindustan
China
Japan
London Tavern
Imperial Bank of China
India
Imperial Bank
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