Bank Of Bermuda Limited Disappointed With House Decision.
Hamilton, Bermuda, July 7, 1998 - Following the announcement that the House of Assembly had voted 15 to 13 against The Bank of Bermuda's Private Bill Amendment, Henry Smith, President and Chief Executive Officer, The Bank of Bermuda, made the following brief statement: " We are obviously very disappointed at the vote taken in the House. However, we would like to refrain from further comment until such time as we have had an opportunity to fully consider the implications of this decision. We would hope to have a comment to make later in the week."