The Bank of New Zealand.

Manawatu Herald, Volume III, Issue III, 14 February 1891, Page 3

The Bank of New Zealand.

The London correspondent of the New Zealand Herald writing on December 12th, says :— *« Mr W. T, Holmes, who has been appointed General Manager of the Bank of New Zealand in the colonies, will leave England to take up his appointment by the s.s. Oriziba on January 2nd, It must be a matter of congratulation for the shareholders of the Bank and all others concerned in its welfare, that the Directors have been able to secure the services of a gentleman so cmi uently qualified to deal with the important and varied interests thai will be committed to his charge. Mi Homes has been for twenty-five years in the service of the Bank oi Madras, and on various occasion* has.officiated in the highest appoint" ments in the institution. >"inc. 1882 he hns heen manager tf the Colombo hranch, having been sem there at a time when the island wai on the verge of ruin, consequent or tile failure of the coffee cultivation Through the troublous times tha fol lowedj that period, and in the n< le a critical condidtion of thingi brought nbout by the failure in 18& of the Oriental Bank, Mr Holme: steered the Bank of Madras witl -•sceptic al ability and judgement and bis directors were not baekwan

n in expressing their satisfaction at hi 1' prompt and efficient action. It i no secret that on several importan g occasions Mr Holmes' advice wai it sought by the Government of thi d Island and acted upon much to thi d public advantage. Mr Holmes wil c bring to the councils of the Bank o: t New Zealand Directorate a deal if mind and an unbiassed judgment r and their action in reference to hif c appointment will meet with universa! t approbation throughout the colonies.