The Banking Inquiry.
THE FAMOUS OATS TRANSACTION. [By Telegraph.] (From our Special (\>rrespomlcn t.)
Wellington, This day
At the Banking Committee of the Council on Saturday forenoon, the Hon Mr Walker urged that as charges were being made against Mr Ward an opportunity should be given his late colleague of being present and examining witnesses. 0 The Hon Mr Shrimski protested against the Minister of Education saying the ex-Treasurer was on his trial.
It was decided on a division that Mr Ward should be allowed to examine Mr Fisher, the late manager of the Ward Farmers' Association, and his examination occupied the entire afternoon.
Mr Fisher practically took the entire responsiblity of the notorious £30,000 oats transaction.
Before the Banking Committee today Mr Watson stated that with the knowledge he now had he would not allow an advance of £20,000 which had been made by him with the concurrence of his directors. Mr Booth was essentially a suspicious man, and thought the witness, as President of the bank, had concealed from the directors information which he was not at the time in possession of. The £SOOO advance was an ordinary exchange transaction with a Home firm, concerning which a hitch had occurred, and the money had since been paid.
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Bibliographic details
Hastings Standard, Issue 96, 17 August 1896, Page 2
Word Count
209The Banking Inquiry. Hastings Standard, Issue 96, 17 August 1896, Page 2
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