ANOTHER REPORT.

Thames Star, Volume XXVI, Issue 8120, 13 August 1895, Page 3

ANOTHER REPORT.

KUMOUKED BANK AMALGAMA-

TION.

Another rumour, which finds very general acceptance, in the lobbies is that, together with the proposal for taking over the estates there will be an© her for amalgamation of the B^u^

of New Zealand with the Colonial B'luJr. On what basis the merging of the two institutiutiH ioto one would tale placo no one pretends to say, but it: is certain »hat it will be very differe t from that sketched hist year, to which the m» joriy of the House was so strongly opposed. The terms of the amalgamation then t reposed wereooneid'red tx> otn-si.iod and favourable tor the Colonial Bank to meet with unvthing but disapproval, but, from all I can learn of the feeling of the House, it would be quite agreeable to amalgamation on suob terms as would not place the Bank of New Zealand at a disadvantage Members recognise that if these two institutions were combined the expenses of management would be most materially reduced, while the volume of business would be very largely increased. Some go as far as to believe the report that in the original draft of the Financial Statement there was a paragraph dealing with the pt.opitsed amalgamation, but it was eventually struck out.