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The Banking Inquiry.

TIIE REPORT NOT PRESENTED. TIIE COUNCIL STILL UNDECIDED. [By TiILKGRAPH.j ! From our SjH-riiif < 'oriYxjiondrnt.) "Wf.i.linotox, This da}'. Though the Council's Committee on banking sat for several hours yesterday and again this forenoon considering the question, it was unable to come to a conclusion and no report will be presented to-day. Some of the Committee are of the opinion that the sub-Committee's recommendations, which you published yesterday, particularly in respect to the oats transaction, is not sufficiently strong, and one member is said to have drawn up a lengthy special report under this heading in which the blame in advancing ,-£'30,000 on fictitious documents is laid at the doors of the Colonial Bank. This, like the sub-Committee's recommendation, was rejected on submission. Other features in the sub-Com-mittee's draft report have also been taken exception to.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/HAST18960915.2.17

Bibliographic details

Hastings Standard, Issue 121, 15 September 1896, Page 3

Word Count
137

The Banking Inquiry. Hastings Standard, Issue 121, 15 September 1896, Page 3

The Banking Inquiry. Hastings Standard, Issue 121, 15 September 1896, Page 3

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