William Blomfield’s 1895 cartoon refers to the need for the government to provide further support for the Bank of New Zealand. In June 1894 when the bank faced collapse, a bill was rushed through Parliament providing a £2-million share guarantee to bolster the bank’s reserves. Then the BNZ took over the near-insolvent Colonial Bank, and in 1895 the two banks were forced once again to clutch at government assistance.
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