THE BANK OF NEW ZEALAND

Ashburton Guardian, Volume VII, Issue 2302, 14 December 1889, Page 2

THE BANK OF NEW ZEALAND

CONFIDENCE RESTORED. [Pbr Pkf.hs Association.] London. December 11. Tho latest quotations of Bank of Now Zealand shares are, old issue £7, new ibsue £10. London, December 12 Deposits are coming m freely to the Bank of New Zealand, and confidence is fully restored. Shares are firmer. The Bank of New Zealand business is normal, and there is no rush of depositors nor a panic. Fresh deposits aro being received, and shares which aro difficult to obtain are rising. Tho ! ondon directors, m anticipation of tho removal of the administration of tho Bank to London, have sanctioned the sending of an officer to Auckland to examine aftairs. The directors fully endorse the views expressed m Captain Colbeck's letter to the London Board. London, December 13 In an article referring to tho disclosures made at the Bank of Kow Zealand meeting the" Times " presumes that Mr Buckley published evidence of his serious charges. The " Standard " fears that the circular about to be issued by the Board of Directors to the London shareholders will intensify tho distrust, unless it means to produco a clear ; unequivocal answer to the disclosures, j If this is net intended it considers it I would bo betjter for the Directors toj jremain gileat m London.