Bank Amalgamation.
HOSTILE RESOLUTION. (Per Press Association). Wellington, This Day. The following is the resolution which Mr Bell stated in the House last night he would formally give notice of this afternoon : " That this House dissentß from the contract made between the Bank of New Zealand and the Colonial Bank upon the grounds —(l) That the contract is not such as is permitted by section 36 of the Bank of New Zealand and Banking Act; (2) That sufficient information is not contained in the contract or supplied to the House to enable it to determine whether the contract will be advantageous to the Bank of New Zealand or to the colony; (3) That the House is not informed whether any, and if so what, part of the agreed price is estimated for goodwill; (4) That the contract itself disclosed matters which apparently make undesirable that the House should endorse its terms." Mr Seddon said the debate on the resolution would be taken on Wednesday.
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https://paperspast.natlib.govt.nz/newspapers/FS18951022.2.6
Bibliographic details
Feilding Star, Volume XVII, Issue 98, 22 October 1895, Page 2
Word Count
164Bank Amalgamation. Feilding Star, Volume XVII, Issue 98, 22 October 1895, Page 2
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