BANKING RETURNS

Evening Post, Volume LXXXVIII, Issue 10, 11 July 1914, Page 6

BANKING RETURNS

THE JUNE QUARTER. From returns already to hand of the Bank of New Zealand, Union Bank, Bank of New South Wales, National, and Commercial Banks it is seen, when compared with the quarter ended 30th June Jaet, that there na6 been a substantial increase in the advances and discounts, also in current, accounts, (free deposits). The increase in Government deposits represents loan moneys. Other items are about the same as last year. The following are the aggregate figures of th€ banks named : — 30th June, 30th June, 1914. 1913. Advance* ... 19,240,076 17,885,016 Discounts ... 1,598,528 1,694,756 Free deposit* ... 13,137,622 12,421,697 Fixed deposits ... 10,124,039 10,004,573 Govt. deposits ... 3,341,411 1,988,961 Note circulation 1,557,541 1,571,472 Coin and bullion 4,780,966 4,441,961 WRECKING THE NATIONAL SYSTEM OF EDUCATION ' • TO IHI BDITOR. Sir,— Cation Garland and his friends of the Bible-in-Schools League pretend to be very anxious to preserve the national character of our State sohool system. How does this accord with the views expressed in a widely circulated League leaflet written by Mr George Flux, which threatens the Government (unless it accedes to the League's wishes) with "the establishment of more and more private schools to the detriment of the national system"? Was it not Mr. Flux also who said that under the present system "your scholar comes out of your hand a barbarian"? But prominent Biblc-in-Schools Leaguers have gone further, and have threatened to wreck the national system unless the country gives them what they are asking for. The Outlook (the chief League organ) haa frequently threatened the inauguration of a denominational system in opposition to the national system (see for instance its issue of 2?th May, 1913). The Rev. R ; Wood (Presbyterian and League organising agent for Otago) threatened the v Government with "a_ demand for denominationaliem" by discontented Leaguers (Outlook 12th May, 1914). So did the Rev. R. F. Davies at the Presbyterian General Assembly, in November, 1911. (Rev. Mr. Davies is a member of the Bible-in-Schools League Executive). In a reprinted speech the Rev. Dr. Gibb, of our city, speaking of the new Presbyterian school at Hastings, said : "I have no doubt it will prove merely the precursor of many more such institutions. And if we can conduct successful secondary schools, who is there who will dare say that we shall fail if we put our hand to the work of primary education ? The time, I repeat, may come when we shall be driven to attempt this, for, in God's name, we are determined that this arid, benumbing, deadly secularism shall com* to an end." (Rev. Dr. Gibb ia a vicepresident of the Biblo-iti-Schools League). All this has been said by prominent Leaguers. How can Canon Garland then declare that hiß League's denominations "have distinctly and definitely abandoned" the wrecking, denominational "policy" ? —I am, etc., ' STATE SCHOOL TEACHER. • 9th July, 1914. The train « arrangement for the Wellington race meeting are advertised in this issue. A notiM regarding Arbor D»y fifilebrafcionjs is advertised ia tbifi iMue*