LETTERS TO THE EDITOR.

Dominion, Volume 5, Issue 1384, 9 March 1912, Page 6

LETTERS TO THE EDITOR.

THE BANK OF NEW ZEALAND. Sir,— Referring to your own and other press comments on the recont appointment to the board of directors, it is euggosted that the change may have been effected becauso of some utterances of tho outgoing director not being palatable to Ministers. This may or may not be, but it is evident that the 60-called warnings of the retiring chairman havo not had any influence on the policy of the bank. During the past twelve months or so the advances have increased by about two and a half millions, and how is it that despite tho clearness of vision with which the chairmnn could discern trouble and danger ahead, tho institution with which ho has been so long connected—he hus oven been credited with "running the show" —has apparently been assisting energetically to bring about the state of woe he has been so long prophesying? It appears to me to be one of those cases wo meet with where it ,is hoped that by plausiblv uttering notes of warning, responsibility may be evaded by loudly proclaiming after tho.advent of the evil day: "I told yon 60," and thus tailing shelter in the refuge of. tho weakling. Ono-of your contemporaries describes the newly-appointed director as a henchman and. promoter of banqnets. Could he I wonder, eclipse the gentleman whom he haa supplanted, in discharging the duties appertaining to the vocations referred to? Arcades ambo!-I am, etc., Jb liiAri vk. Wellington, Maroh 8.