MR McLEAN v. MR MURRAY.
ANOTHER STATEMENT. Wellington, This Day. Mr John Murray has handed the following memo to the Press Association : ••Mr McLean, at the Colonial Bank meeting yesterday, quoted from the last balance sheet of a certain bank, figures purporting to show the relative proportion of paid-up capital and reserves to liabilities, making out the Colonial Bank in that respect to be the strongest and the Rank of New Zealand the weakest bank in these colonies. Mr McLean omitted to take into consideration the fact that since the Bank of New Zealand balance-sheet was made up two millions, which is in the strictest sense capital, is liable for the debts of the bank, has been added, making the proportion of paid-up capital and reserves of the Bank of Now Zealand to liabilities 29-4 per cent, instead of 9-24 as he states."
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Bibliographic details
Feilding Star, Volume XVI, Issue 79, 27 September 1894, Page 3
Word Count
143MR McLEAN v. MR MURRAY. Feilding Star, Volume XVI, Issue 79, 27 September 1894, Page 3
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