Where there was no doubt as to the ability of persons to pay calls transfers were not usually objected to. In the particular ease mentioned it was a bona fide business transaction, and without any interference from the Bank. He did not know how many years it took for a trading concern to fall into the hands of the Bank. Some might have been twenty years ago, while others wore as late as 1811, He thought thattheioiinghthave been a run on the bank’s money for some time after their falling into the hands of the Bank. It was duo to the depression now existing. There was no record in the Bank of a balance-sheet pre pared and submitted by Mr Murray to the Government in IS9-4. There might, how ever, be a duplicate of this balance-sheet in the Lon.ton branch. He, how ever, knew not long about this par ticular balance-sheet, which was before his connection with the Bank. The hj dance - sheet produced (Mr Mm ray’s) showed that on June ‘25, 189-4, the total liabilities of the Bank in this colony were £5.54(!,Uu5, i n 1 in Australia £525 857- The published ha;anee-sheel of the 31st Match of the same vear showed the total liabilities io be £11,125,594. This was a difference of live millions in the two balance-sheets. That difference, however, was probably accounted for by the London busi ness, amounts in transit, bills payable, the capit.al of the Bulk, etc., not being stated in Mr Murray’s balance-sheet. Mr Murray evidently had not had particulars of tiie Bank’s hir-hr ss outside of the colony, and had therefore confined himself to to position of the Bank in the colony. As stated, Mr Murray nude the total liabilities in the colony on 25th June, 1894, to be £9,072,(555, and the total assets of the Bank on the same date to be £7,115,388, made up of £5.773,710 in New Zealand and £1,341,578 in Australia, as against total liabilities amounting to £(J,072,C55. He had no record of the letter from Mr Murray to the Government. 