OPINION IN PARLIAMENT.
A COLOURLESS REPORT. (Prom Our Special Correspondent.) Wellington, This Day, II is generally conceded among members of both Houses that the report of the Banking Committee of the Council ib of a colourless character. This result is said to be due to the fact that the Committee, when adopting the roport, were even'y divided owing to the absense through illness of Mr Shrimski. The report is not so severe in one or two respects as was the draft report prepared by the sub-committee. The oats transaction particularly is dismissed with tho remark that the evidence shows the nature of this transaction. In discussing the position of the Estates Company, the report concludes as follows : " That the condition of the bank requiring financial aid to be obtained at such a oost makes it impossible to escape the conclusion that in preference to the creation of the Estates Company in the form adopted the bank should have been liquidated in 1890."
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Bibliographic details
Nelson Evening Mail, Volume XXX, Issue 222, 19 September 1896, Page 2
Word Count
162OPINION IN PARLIAMENT. Nelson Evening Mail, Volume XXX, Issue 222, 19 September 1896, Page 2
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