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.
Te whakamahi i tēnei tūemi
Alexander Turnbull Library
Reference:
A-312-6-034
Cartoon by William Blomfield
Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.
Tāpiritia te tākupu hou