THE BANK OF NEW ZEALAND.

Feilding Star, Volume XVII, Issue 53, 30 August 1895, Page 2

THE BANK OF NEW ZEALAND.

We are glad to see that the House has determined to thoroughly discuss the Report of the Committee on the Bank of Now Zealand. It will be better for the colony and the shareholders that the whole matter be well ventilated now, so that in the future there will be nothing to repent of ou that account. There is one blemish which we notice in the reported speeches of some of tbe members, an acridity which betokens that even where the credit of the colony, and the welfare of every man, woman and child therein may be injuriously affected by indiscretion of speech on the part of our representatives, they cannot separate themselves from "party," but treat the debate as a party question and under its cover make attacks on the Government. Mr Mitcbelson, like a sensible man, when speaking on the second reading of the Bill avoided this mistake and congratulated the Coil mittee on their work, although he did not altogether agree with their proposals, while he had a great respect for the Bank, which he did not want to see injured. What he wanted was the House to cousider the whole matter carefully and impartially. Sir R. fetout held that if the Bank could be saved it would be better to do so even if at the end of nine years the colooy had a million to pay for it. In his speech the Colonial Treasurer was frank in stating that the Government were opposed to any amalgamation with another bank for the reason that it would mean further share responsibilities to the Bank. So far as tho discussion haa gone, ihe " strong meu " of the House aro iv favor of up. holding the Bank by adopting the majority of the propo?als of the Committee uuder which that ohjactcan be attained consistently with prudence and justice to the taxpayers of the colony. It will be seen by our report of the proceedings in the Houso this morning that the second reading of the Bill was carried by a substantial I majority. ______„,„_