THE BANK OF NEW ZEALAND.
- >FURTHER' PRESS OPINIONS.; I PIER PKKSS ASSOCIATION.] j . ~ Received October Ctfa. 1L45 pja. . , ~: ;*ji.v.i -'«. v Lokik>x," Oetobei- 41 The Standard 'save the circular issued by the Rank of New Zealand.ie the most satisfactory paper that has emanatecUfrom • the[ Bank lor a loug It frankly discloses $he truth and corrects past errors, while pro-i Tiding a remedy for the unfortunate position into which its affairs had: fallen. The proposals for a- clean j balance-sheet and obtaining a sufficiency of new capital, are extremely reassuring;- The. Times considers there is"-good reason to hope the measures proposed r -*ill prove effective. The Bank's abaree rfeli to £9, but hare recovered slightly, Recdred October 9tt» k . H.SO p.tt. V ■ if". liONDON, October 4. The Finanetat JUfem condemns the secrecy which has surrounded the operations of toe Bank of New Zealaftd, and describes the Bank -as founding* corner in finance. It considers tbe,credit of the colony involved with the Bank. .Tie Daily Nttas is of opinion that, despite «jYogelwm, JNew : Zealand ,ie quite solvent. ' . X .,., s
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Bibliographic details
Press, Volume XLV, Issue 7173, 8 October 1888, Page 5
Word Count
176THE BANK OF NEW ZEALAND. Press, Volume XLV, Issue 7173, 8 October 1888, Page 5
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