BANK RESOURCES.
MR MURRAY IN REPLY TO MR
McLEAN.
(BT TELEGRAPH. —PKESS ASSOCIATION;)
Wellington, this day. Mr Murray has handed the following memo to the Press Association :—
"Mr McLean ab the Colonial Bank meeting yesterday, quoted from the last balance-sheets of certain banks figures purporting to show the relative proportion of paid-up capital and reserves to liabilities making; out the Colonial Bank to be in that respect the strongest, and the Bank of New Zealand the weakest bank in these colonies. Mr McLean omitted to take into consideration the fact that eince the Bank of New Zealand balance-sheeb was made up, two millions, which is in strictest sense capibal, as liable for the debts of the bank, has been added, making the proportion of paid-up capital and reserves in the Bank of New Zealand to liabilities, 29.64 per cent.', instead of 9.43 as he Btatea.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS18940927.2.23
Bibliographic details
Auckland Star, Volume XXV, Issue 231, 27 September 1894, Page 5
Word Count
145BANK RESOURCES. Auckland Star, Volume XXV, Issue 231, 27 September 1894, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in