THE N.Z.L, AND M.A. COMPANY.

Clutha Leader, Volume XX, Issue 1033, 11 May 1894, Page 2

THE N.Z.L, AND M.A. COMPANY.

The papers demand that the Eight Hon, A. J, Mundella, President of the Board of Trade, should resign his post in the Ministry after the remarks of Judge Williams. The judge explained that he wished it to be understood he allocated no blamejon anyone in particular. It was clear that some of the officers and directors might without cause be made the objects of substantial blame. He did not impute to any of the directors personal responsibi'ity or blame. The press generally severely criticise the directors' management. ' Mr Mundella declines to resign from the Ministry, on the ground that Judge Williams's statement is not a judgment. The Daily Chronicle says the excuse is not sufficient, and he ought to resign. Judge Williams has again invited counse 1 for the Loan, and Mercantile directors to address the court and supply additional evidence, and they are considering whether they will take advantage of his Honor's offer. Tne Sydney Morning Herald considers that the result of the Loan and Mercantile investigation is one of the most damaging to the buisness character of the colonies that has come to light- throughout the recent period of financial disturbance.