BANK OF NEW ZEALAND.

Otago Daily Times, Issue 10622, 14 October 1896, Page 2

BANK OF NEW ZEALAND.

(Per United Press Association.) Wellington, October 13. The annual meeting of tbe Bink of New Zealand, which recently adjourned owing to the Banking Committee not having reported, was fixed for Thursday, Ootober 15, but a further adjournment for a fortnight will be ssked for. This decision wss arrived at at a meeting of directors this afternoon. , Mi* Wation, president of the Bank of New ZeaUnd, writes to the Times re Mr George Hutchison's minority report to the Banking Committee, and Btateg that ho gladly hailed the parliamentary inquiry to ascertain inter alia bis connection with the Colonial Bank and the Bank cf New Zealand. He recognises lbs right of Parliament to judge his actions, but not the right of a solitary member of the committee to impute withoulj evidence maladministration whilst in another service before he came to New Zealand. He adds: " Yet, as at tbis (to me) , important juncture Mr Hutahison's characteristic remarks in the above direction may instil suspicions as to my associations with the Oriental Bank Corporation, I propose the following expedient which will no doubt .commend itself to Mr Hutchiaou's sense of justice. I am agreeable to deposit £100 with any banker here provided Mr Hutchison will do the sarno on the condition th*t ouch banker will, with my authority, communicate with the liquidator of the Oriental B*nk (Mr T. A. Welton. of the well-knowu firm of Welton, Jone?, and Co , London) to ascertain whether during my 18 years' connection with that bank I was ever even blamed for incapacity, neglect of duty, maladministration, or misconduct; al^p, whether of the losses of that bank the sum of £250 altogether could be traced to me during all those years.