THE BANKING ENQUIRY.

Taranaki Herald, Volume XLV, Issue 10708, 3 September 1896, Page 2

THE BANKING ENQUIRY.

* } ' '" (per *RE«s^i^6«rAtiSir. j Wb^^qtoij^ September 8., 1 — 'Che Banking Committee resumed at eleven o oldbk this morning. ' ' M? &« Filter, manager of the Estates Coinbaij^and insets -Realisation} Board, jrqpte atatiqg ■ bifj gDirecjtois instructed'him not to supply the Committed with the latest ascertained values of estates. A motion to rescind the resolution that the liquidators of the Colonial ..Bank be ?ot caj!ed as fitnesses was negutived by votes to 2. ' • A motion that Mr >Seddon should appear as a witness was negatived by 7 votes to 2. „ ! The examination of Mr Wa'tsoja by Mr Seddbti, tt^b continued.' said Mr Murray, had' nojthibg to da^itii {be fiWt dvrirtdrei fdr M purchase { of >',jfl»> CJolbbialßank,' ", ' W*fcfclNQTi»w,'' September -r-she Banking Coldmittee reeuDied .it 1 10.50 this morning. •' wt ' ; i A letter received from Mr Button, Mr 3f6hfr Muiraj's attoVitey,i encloiing Mr Murray's repliw to .qusationaDi^ to him by tht Legislative Council, *r«S held over lor consideration. „ „ v ! Mr Watson stated that two directors of the Bank had been granted overdrafts on one account, though they had other accounts in credit. Mr Coopers opinion was there had been a technical breach of the section of the Act of 1895, prohibiting overdrafts to directors. * - j Several letters relating to th 9 Banking Legislation were put ip. Mr Watson was examined at considerable length by Mr Seddon respecting the Estates Company. He said a claim had been made by the Bank for £42,000 on the adjustment of the Estates Company.