BANK OF NEW ZEALAND.

Dominion, Volume 5, Issue 1479, 29 June 1912, Page 4

BANK OF NEW ZEALAND.

ME BLUjCFUMP b rOSIiION. Tlit! reSsotf'ivhy 'M-r.'dlriroto Be^ wits riot lo tho position of chairman .«.£ ilio- Bank cl Now ,Zcjilaii<l' : wis ' di'sfeiisstod.. by Sir Joseph ..M'avd (Awnr.ua) in ilio Jlpus-o cl' tijm ''liisjj. evening. . i Slip■ply Bill Sir. Joseph \V;a*(l V|'.iot«l a state- : wen' by Mr. Bcauchamp that:there was .iii> .dditWt ed bccauKi of (he. attitmio winch ho had of. tho;.bank in that he would hot -allow - . ; hisj own opinion to lie Rifr-ervient to political oxigcn•ci.;si . .'fifis :6ta£em«t^; the ji Christckurch "Pit-??." had declared had never, bi-ou refiiu'i!,. Sir. Joseph "Ward-.said. !;o. would '' now "take't ho jbppo I:t'ulii(j%. of"ii'ofut it. Ho Bcauohnmii, but. when." tho suggestion was m<ulo ■that-the: GovernmontMnterfered with him o.; any other'director ho gave it tin abs> /hittf'andj'uiiniialified contradiction. During ■thfeyholo timb that, he (Sir Joseph Ward) -was in 'he".Government: his' invariable '.'answer.'..to "'anyone who'commnnicated with bank' 1 . «-as that ho would iiO.tr inlxsrjeiTi.'inor,, would - the.. Government. ,Hb..:ha<l s ;ria'vcf at any: time spoken' to Mr. I :.,Beauehami)''about; 'ni6 : -public, opinions, -.and ?hG.: ; had never:"asked any' director of Ihcßanlc ot- Now Zealand to speak to Mr. 'B.eauchoihp.'.iii'oonneetion. with liis public :ti'ansactions'.".:.i After.:.' Mr .; Bcauchamp's ;. first-speech,' to which it'good deal of pub. I"'lici 'cntioisni ■ had beeri L ' directed, ■ho was preappointed, for a further term. .-.A fur-thc-r ,■ speech;-:'was delivered': by- Mr. Beau, champ,'" but no eiception was taken to it by him (Sin "Joseph. Ward). Throughout ..thojrecent; election, however,'that specch was'-used in many ■ quarters for politioii purposes against men standing in support of;the Government.'"" The- Govoniment'did ■ not; drag the Bank cf Now Zealand in, >t protected it .- from any attacks. , rhrtjuglicut tlioro never was nuy attempt to; interfere with the'.directorate.. When 'he time, again", arrived for tho appoint merit of ■ a chairman, ho eaw the . chairman, who informed him that the.-a had been no communication from Mr. Bcauchamp as to.whether ha wanted to 6tund. Tho majority of Ministers were, not favourable lo Mr.. Beauchamp's reappointment, and he so intimated to the acting-chairman. Later, when Mr. Bani.ehainp s letter was received ho (Sir Joseph Wardl did what he would do to auvono cise-he:. acknowledged the ability with : which no had carried out his duties. Even that 'was. attempted to. bo urged against liim. .. -