QUEENSLAND BANK.

Waikato Argus, Volume II, Issue 104, 9 March 1897, Page 2

QUEENSLAND BANK.

London, March 5. At a meeting of the creditors of the Queensland National Bank several creditors made strong speeches attacking the Bank management, as well as the Queensland Government. Mr Young, a depositor, expressed the opinion that the relations of the Government and the Bank were discreditable. Mr Dence, another creditor.considered the depositors had been unfairly treated. The shareholders had received £40,000 in dividends, which ought not to have been paid if proper accounts had been kept. Mr Guinness said the Government account was a curse to the Bank. Had depositors known that priority was to be given to Government money, they would not have given the Bank a. shilliug. The Scotsman says that after the statements made in the Queensland Assembly in 1893, by Messrs Nelson and Burlow, depositors had no reason, to doubt the solvency of the Bank, as an official had examined the Bank's affairs. It was hard to believe that the Government were unaware of the deception practised on the creditors. If the Government were tinware it was incredible. The simple alternative was to assume that the Government knew but lacked the courage to honestly own up, and were seeking to escape with a whole skin at the expense of private creditors.