THE BANKING ENQUIRY.

Taranaki Herald, Volume XLV, Issue 10707, 1 September 1896, Page 2

THE BANKING ENQUIRY.

. ,Wkj>unqton ? August, 31.— The- House BankibgCoramTtWe resumed arid, o'clock , 'this'miir'^." ' CV "'" '"b" bb ' n"n "\ t \\ ' ' ;< A' fyitpn/ept" w'ai 'producea 1 ' by Mr Watson a^oWrig'that the earnings of thp Bahft'k tradipg . concerns for the year ending, 3oth March,,iß96, W6 re at the.rate i Of y per cfciit. oh -written down values. Legal, advice was that the, dividend* oa , preference shares must be paid out of the i net profit*., „- J , , j « ; The Premier produced several letters i sent, by Mr John Murray to the Government ia -dune 5 , 1894 y asklng forihte'assistance 'of the State WthVßank'J • ! ~-* ' \ ' The letters were read, and witness wa» asked if he- thought the position of the Bauk had been.put fairly. ;j a Mr Watson Baid ,he had no reason to , believe position , had .not ,been put , fairly. ' ' •• ' X ri The Premier intimated that neither.he i r r nor any,) other Weniber' '6f ' jthe 1 troVern- " 'mentVouia'appearbe'icjretTie Gp'cHmittee " 'a^n'esleß. f f." 1 - T , • ;r< ::in V i " WBttiritGTON,' SepteinbeFSv— The ; Committee resumed at 10.30 this morningf,lwbifa the examination of Mr Wat*>O • 'b 3r J MrSeddotfwiaß:cDntiQued. > i-"tM lt °-"? i r' ; Witness stated thaV'thd time was not, opportune for the Bank to dispose of i^a 1 tradin^ucdncehi£>.. Th^Jßini full value in the purchase' of the Colonial, Bank's premises, and will not make a lofs >' lin.'Mbar'gaiD. Theadvanbeiof >^20^Q0 > WMTnade in accordance witLlegu kd^ioe, and without dissent- from the directors. ' ■> i Several-; communications between the , Bank and the Government were put in' evidence. I ;'•■.,,