THE TWO BANKS OF NEW ZEALAND. (Eyening Post, July 31.)

Waikato Times, Volume IV, Issue 196, 12 August 1873, Page 2

THE TWO BANKS OF NEW ZEALAND. (Eyening Post, July 31.)

The following is the text of the petition presented to the Souse of Representatives by Mr J. L. Coster, a manager of the Bnnk of New Zealand, praying that the Legislature may cause an addition to be made in the title of the Bank now known as " The National Bank of New Zeala&d :" — (1) That your petitioner is a Manager of the Bank of New Zealand at Christchurcb, in the province of Canterbury. (2) That your petitioner has heard that a bill bat been introduced into your honorable House for the purpose of incorporating a Bank, to be called the National Bank of New Zealand, and *to give general banking faoilitits to a Bank to be culled by that name. (3) That your petitioner believes that great inconvenience will arise on account of having the said Bank so incorporated under the name of the National Bank of New Zealand, and great inconvenience has already arisen in consequence of the similarity of names between the Bank of New Zealand and the National Bank of New Zealand, and important letters and telegrams have been received by the Bank of New Zealnnd, which ought to have been received by the said National Bnnk of New Zealand ; and it is probable that letters and telegrams addressed to the Bank of New Zealand may be received, by the said National Bank of New Zealand. (4) That the similarity of names has already been pleaded in a court of justice in New Zealand as a defence in a criminal prosecution by the Crown. (5) That already, in the public |*ress of the colony, the names of the two banks have been confounded: (fi) That at a meeting of the Bank of Otago, recently held in London, for the purpose of arranging the winding np of the said bank, and of selling iti assets in this colony to the said National Bank of New Zealand, the Bank of New Zealand wa« distinctly confounded with the bank sought to be incorporated under the name of the National Bank of New Zealand. (7) That the notices required by the Standing Orders for the purpose of promoting private bills which appeared in the newspaper published at Wellington, bore the signature " Brandon and Quick," being the name of a company of solicitors practising [n Wellington aforesaid, and that Mr Brandon, one of the said firm of solicitors, is a member of your honorable House. (8) That the said bank can in no way be culled a National Bank of New Zealand, inasmuch as the directory of the same is in Lpmlon, and the majority of the shares are held by people residing out of the colony of New Zealand. Your petitioner, therefore, humbly prays that the said bank may not be incorporated under the name of the National Bank of New Zealand, but offers no objection to its being incorporated under any other flame which, in the qpinion of your honorable House, will not oreate confusion. And your petitioner, &c.