Bank of New Zealand.

Feilding Star, Volume XVI, Issue 2, 3 July 1894, Page 2

Bank of New Zealand.

» OPINIONS OF ENGLISH FINANCIERS. MORE INFORMATION WANTED. (PEE FKKSS ASSOCIATION.) London, July 2 Financiers Approve of the Bank of New Zealand Bills. They consider they will greatly strengthen the institution, and virtually create a State bank. Later. If the English shareholders in the Bank of New Zealand are assured no call will be made, or will be required, the scheme may be regarded as successful. Bankers and brokers approve of the removal of* the' head-office to Wellington. They consider the money can easily be obtained in London. In order, however, ta v properly understand' the position, the text of the Bill is required, as the cables received are ambiguous and the exact position cannot be understood. Old shares are quoted at £2 10s ; new issue, £& ss. Wkllington, July 2 Mr Murray has received numbers of telegrams from various parts of the colony stating that the action of the Government met with general approval. At none of the Bank branches has business been more than normal. AtrcKti.Ni>. July 2. Telegiams were sent out on Saturday from the Auckland office of the Bank of New Zealand to all the branches throughout the colony. The answers from all quarters were to the effect that the passage of the Bank Act was received with satisfaction, and tkere was no disposition to with* draw. After the Lower Bouse had passed the now famous Bank Bills, a committee was set up by the Legislative Council to take evidence. The Chronicle's correspondent says : — " When the Premier comes out of the Committee room Le looks a trifle more confident and more at ease than when he went in, bnt one who had not seen him lately would have good reason fur asking is this the same " Dick " Seddon who used to be such a lighthearted, jolly, blustering fellow, without a care apparently? Truly the way of Premiers is very hard, for h,ete -is another, man qualifying himself as fast as he can to add a third to the list of overworked Premiers sent to their graves before their times. Does he think the Bill will pass? Yes, he an--Bwerf> t and in a tone of infinite weariness adds that he only wished the Committeo had had the week's worry over it that he has had