THE GOVERNMENT AND THE BANKS.
WeiXington, May 7
“There will be some important banking legislation brought down during the coming session,” said Premier Massey to a reporter today. “In the first place there would be the question of the renewal of the Government guarantee, which expired this year. There was also the • proposal to give the newly-started Commercial Bank of Australia power to issue botes, which it does not at present possess. But the; most important legislation woiild, he added, be in connection with the Bank of New Zealand. There was evidently a decided difference of opinion between the directors and shareholders at the present time, and until that was settled he could not even suggest what course he proposed to follow. “Will you,” he was asked, “legislate according to the desire of the majority ?” “Not necessarily so,” was the reply. “I shall consider the interests of the country as a whole, apart altogether from the interests of the shareholders. I know exactly what course I propose to take, but until I know what shareholders and directors of the bank have decided, I am not iu a position to make it public.”
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https://paperspast.natlib.govt.nz/newspapers/MH19130510.2.11
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Manawatu Herald, Volume XXXV, Issue 1095, 10 May 1913, Page 3
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192THE GOVERNMENT AND THE BANKS. Manawatu Herald, Volume XXXV, Issue 1095, 10 May 1913, Page 3
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