THE BIRKBECK BANK.
STATEMENT BY THE CHANCELLOR. (Press Association.—By .TelegraphCopyright). London, Yesterday, Mr Lloyd-George, in the House of Commons, said the Board of Trade had informed him that the Birkheck bank failure was duo to depreciation of tlio values of the securities hold. The newspaper statements that tlio failure, anyway, was attributable to the Liberal Government's finance policy was botli mendacious and mean. Mr Lloyd-George quoted; the Birl>eck Bank's accountant's statement, showing that the greatest fall im investments occurred at the time of the Bo&r .war, when the was ample to cover every hit of scrip. TJio dep>r®oiati(Mi was duo more to extension of trustee investments to co'loimk. Mr Lloyd-G®orgo concluded by stating that the Birb&ck holdings show a greater dep,iwMoiii from to evo 'of tlio Boer war to the end of the Unionist Govemtnieiit, 'tha.n since 1909. Thle altegatian that tho failure was duo to something occurring since 1909 was an unqualified falsehood.
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Bibliographic details
Manawatu Times, Volume LXV, Issue 1345, 17 June 1911, Page 5
Word Count
154THE BIRKBECK BANK. Manawatu Times, Volume LXV, Issue 1345, 17 June 1911, Page 5
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