"IN THE SAME BOAT."

Marlborough Express, Volume XLVI, Issue 118, 16 May 1912, Page 2

"IN THE SAME BOAT."

.■■■.• ' ■' .— ♦-: *-• : HX-BANK MANAGER AND MR BEAUCHAMP.

■'''Following up Mr Harold Beauthamp's 3\igge&tion that be was not requested to contin tie -'-upon the Bank of New Zealand directorate because his utterances had met wifck the Government's disfavor, Mr A. Macintosh, a former manager of the Bank of New. Zealand, writes to the Welling-' tern Post-as follows, under the head- • ing, "Ii; the Same Boat" : — .'"Apropos of all this discussion as to the replacement of Mr Harold Beauchamp ou the Board of the Bank •of New. Zealand by another leading ■■'■'mercantile light, it may be not cut of place for mo to 'chip in,' for I tune s'av it will bo remembered thai; I had sb'methlna; to do with the affairs of •that institution in very strenuous times, and it strikes me that Liie lale Chairman add myself are now pretty much in the same boat, as doubtless , inrwijl probably- perceive. Mr.Beau--chanip is reported to have said' at Auckland to^a- Press representative, '*I Avould nob at any time let my qw-n ■blinioris be .subsarvient to political e^fgencies,' an admirable- attitude to -fcako up, no doubt, but has ho forgotten that when I, in the interests of shareliolders and the concern as a ■whole, took a .determined stand against these identicalf exigencies j he was;■■most active in .worrying me out of the position I. thejn occupied as chief executive, officsr of the jbank ? If lie has . overlooked this, or should chooso'"to deny it, it is open to any member of Parliament;to move for the. production of, certain coiresponcience Avhicn, if tabled, will, t ven-'■fctire-to sajA'prove interesting and possibly instructive, /ami a veritable eyeopsnorViu respect'of,-the methods then > attempted to be enforced in connec--fcion witit thlo- bank and the finances

of tlie counrty. Bressure that, was '■^laiost'uTibearabie^as^iised toinduce •s-Mihe to wifiidiwisvtvfionie tif^'this cbrres:^pndencip,;i;onv;liiievvplea that the letters :-;sl.rid ttius VemMrrasa:-' the -Ituthotities. •So far as I was concerned, notliine; -was withdrawn. T made an attempt at considerable exoense to myself to get this correspondence before- a com"iiuttee of the House, but vsfs blocked, and no one exerted himself more i'l ■oiling tip- obstruction tha^.-M 1" Harold seaucham?>. I ' very dec?ply synr pathise with: that/ in the ■ position lie no.v occupies, and perhnps it may cotae. homo-to hi^f now with ''■■force 'that there is in -the- economy of this-world of -o'nr.s sur-b a tiling as '.retribution.wl i!i"t v-ith ibifaili'i.o: certainty".in will ovprtnko those who

lay themsplv^s r>fb for it.—T'"m, *»+o.. 'A. Macintosh, Wellington. May 13."