You told us that the Hon. G. M'Lean was strongly of opinion that the Bank of New Zealand should be liquidated in 1894, instead of getting assistance?— Upon the morning of the day that the legislation was introduced lie was for the first time told what was intended to be done, and he expressed the opinion that it was a mistake ; that he be lieved that it would be better to let the Bank of New Zealand go into liquidation ; and that the Colonial Bank should be used for the purpose of liquidating it, so that a good business could be preserved, and that the bad aud doubtful business of the Bank, of which there was believed to be a con siderable quantity, could be liquidated com pletely. He expressed that opinion to me in the first interview, and he expressed it to Mr Seddon the same day, aud again to both of us. His opinion was at the time, speaking from memory, that it was the best course, and he thought that further trouble would arise, as far as the Bank of New Zealand was concerned, in future.
