Bank of New Zealand

Feilding Star, Volume IX, Issue 571, 1 November 1887, Page 2

Bank of New Zealand

NO DIVIDEND EXCITEMENT. By Electric Telegraph.— Copyright [BEUTBB'S TBBBO«1M8.1 ; ,, : - : ,,; . London, Octbber;3oL The Financial New» asierts that the Bank of New Zealand is the centre and main-spring of a class dangerous to finance, and the tool ef Ministers like Sir Jul'us Yogel, in wild extravagance and rrkless expenditure which will over* whelm the Colony with debt. The failure of tht Bank of New Zea* land to pay a dividend has caused a fall of £1 in the price of shares The Bank of Australasia, the Bank of New South Wales, and the Union Bank of Australia, shares and the Knglish, Scottish* awl Australasian Bank also fell 10s. Among* the companies the bank is stated to have' assisted* the Financial News mentions the Land and Mortgage Company* the; Loan and Mercantile Agency, the Auekt Innd Agricultural Society, the Wellington and Manawatu Railway, Waikato Land Company and the New Zealand Shipping Company, The. > T ews further states thai, the suspicion of the payment of a dm* dend f orebode s a day of reckoning which ew Zealand has contrived to deferuntil the present. She has 1c n a spendthrift colony, and haR now reached the end of her profligate borrowing She will find it advisable to employ new methods ■ f managing her finances, and new men to control her politioal affairi,^^ Bank of '"New Zealand shares are^A quoted at H3 to Lls. fc? All goods purchased at Te Aro House/ will^ if so desired, be sent to the Wel» lington fiailwa? Statiptt, free of expensa.