BANK OF NEW ZEALAND
SYDNEY’S OPINION.
By Telegraph—Press Association—Copyright Sydney, April 7. The Sydney Morning Herald thinks that New Zealand should wisely reduce the amount of the guaranteed stock of the Bank of New Zealand, and thus abandon public connection with tho bank. The Herald regards" the recovery of tho Bank, not as due to State supervision, but to State aid, and such assistance as comes from possessing tho Government accounts. Even with this measure of support there is nothing remarkable in tho progress made. If the Government begins issuing paper it would be to suggest a new source of weakness in the colony’s creditors at Homo.
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Gisborne Times, Volume IX, Issue 861, 8 April 1903, Page 4
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107BANK OF NEW ZEALAND Gisborne Times, Volume IX, Issue 861, 8 April 1903, Page 4
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