The Banking Inquiry.
MR WATSON STILL BEFORE THE COMMITTEE. [By Telegraph.] [SPECIA TO STANDAJU).] Wellington, This day. Before the Banking Committee Mr Watson, in answer to the Premier, said the balance-sheet was most misleading. Leading companies in the colony showed no bills under discount in liabilities, and some of them were trading concerns, just as Mr Ward's Association was. With his experience as a banker the fact that bills under discount were not shown as liabilities he did not think was falsification of the balance-sheet. He would not say that the Ward Association falsified their balance-sheet by omitting them. Witness could not understanding Judge Williams's remark that the D list was worthless. The judge was evidently misinformed in this as well as in other things.
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Hastings Standard, Issue 102, 24 August 1896, Page 2
Word Count
125The Banking Inquiry. Hastings Standard, Issue 102, 24 August 1896, Page 2
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