SUPPORT FROM ENGLISH CAPITALISTS.
THE COMMITTEE'S POLICY APPROVED. (Reoelved Ootober 4, 12.30 p.m.) Loudon, Ootobpr 2. A deputation from the Committee of Audit appointed m Auckland to investigate the affairs of the Bank of New Zealand, has submitted the present position of the Bank to the chief financial houses, capitalists, and Banks m London. After a searching examination two hundred thousand pounds of new capital has been privately subscribed by leading capitalists not hitherto associated with the Bank, including a Director of the Bank of England, Glynn, Mills and Co., Lord Hindlip, and others of the highest reputation. Additional capital was offered but declined. The policy of facing the situation boldly is approved of m the highest financial circles.
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Ashburton Guardian, Volume VII, Issue 1961, 4 October 1888, Page 2
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119SUPPORT FROM ENGLISH CAPITALISTS. Ashburton Guardian, Volume VII, Issue 1961, 4 October 1888, Page 2
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