THE BANK OF NEW ZEALAND.
[press association] London, October 30. The Financial News says the Bank has assisted the speculations of a small group of log-rollers and political gamblers. Among the companies the Bank is stated to have assisted, the News mentions the Land and Mortgage Company, the Loan and Mercantile Agency, the Auckland Agricultural Society, the VVelliugtonManawatu Railway, the Waikato Land Company, and the New Zealand Shipping Company. The News further states that the suspension of the payment of a dividend forebodes the day of reckoning which New Zealand has cortrived to defer until the present. It has been a spendthrift colony, and has now reached the end of its profligate borrowing. It will also find it advisable to employ new methods of managing its finances, and new men to control its political affairs. The Bank of New Zealand shares which fell to £l3, are now quoted at £ls. October 31. The readiness with which colonists purchase Bank of New Zealand shares has caused a strong rally in favour of the stock of that institution. The latest quotation is £l6.
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Waikato Times, Volume XXIX, Issue 2390, 3 November 1887, Page 2
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181THE BANK OF NEW ZEALAND. Waikato Times, Volume XXIX, Issue 2390, 3 November 1887, Page 2
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