Boating Fatality.
Auckland, August 16. Two men named Wall and GrteDawaj white sailing up tbe in a boat go npiized. Jobn Wall wbb drowned, bu Continuation of News sec Fourth Faqp,,%
question a party one. and he explained tha tbe Government were not aware, till thi Monday before they brought in their Bill las year, of the position of the Bank. He hat tbe.n informed Captain Rubbull, Sir Bober Stout, and Mr Mitchelson of the ioten tion of the Government to bring in tfcu Bill, and he understood that those tbrei ;. gentlemen would give tUeir assistance it ,f passing the Bill. There was no time foi suoh investigation last year as there waa bow The member for Christohnroh would ao wisely and well if he would withdraw hii amendment for tbe time being. It would no be right, to-nipht, suddenly, and withou if notice, to increaje the siiength of the Corny' mittee. There 1 was still one million of tbi c two million guaranteed to the Bank held it 1- liquid security to meet any demand tha i might arise, and if suoh a demand did arisi d the responsibility would rest with the mame berg who had made suoh reoklesa speeobei in the House that day. Captain Bossell asked whether the Govern roent were proposing this Committee at thi request of the Board of Directors of th< Bank. _. 1 Mr Seddon said the Board of Direotor. had sent a statement of the position to thi President. An interview bad then taker place as between tbe Government and iv officers, and the result of that was the Comf mittee of which he had given notice. Captain Russell asked whether the Board of Direotors officially authorised the Committee to be appointed. Mr Seddon said that that could only be done by a meeting of shareholders. The intentions of the Government were known to the Directora, and had their consent. Mr Seddon's motion for a Committee of six was then put and carried by 3G to 27, Mr Smith'B amendment being lost. The whole rt solution was agreed to on the voices.
Permanent link to this item
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Bibliographic details
Colonist, Volume XXXVIII, Issue 8329, 17 August 1895, Page 3
Word Count
350Boating Fatality. Colonist, Volume XXXVIII, Issue 8329, 17 August 1895, Page 3
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