RUMOURED AMALGAMATION OF BANKS.
We are informed i-y telegram from Wellington that the ruuior which was current some months ago about the amalgamation between the Bank of New Zealand and another New Zealand bank has lately been revived, but both the Colonial and National Bank officials state there is nothing in it so far as they are concerned. The Post, however, states than when the Colonial Bank applied recently for a portion of the Government account, Ministers advised them to amalgamate with the Bank of New Zealand. That the Ministers did give this advice we can easily believe, but that the Colonial Bank would follow is not at all likely. About two years ago there was some mention made of an amalgamation between the banks named, but since then the position has been so changed by legislation that such an amalgation has been rendered almost impossible.
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Feilding Star, Volume XVI, Issue 41, 14 August 1894, Page 2
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146RUMOURED AMALGAMATION OF BANKS. Feilding Star, Volume XVI, Issue 41, 14 August 1894, Page 2
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