BANKS AND BANKING
i A Correspondent feends us a welli written, lettet 111 support of our argu- ! meuts l'ciativo to tho present state of ' trade and the action of the banks. He i cuts from tho Gazette a statement of the affairs of ono of one of our chief colonial ) banks for the quarter ending March 31st, and shows, clearly ttlld forcibly, taking the official figures for his basis-, that the existing- £rossure is due simply to overtrading in 'tile jiast-, And to no other Oailso. VioVved. siniply as a contribution ' on aii iin^'drfent Question, the letter is woi-tliy of being widely circulated ; but oAr correspondent singles out one pai--ticular bank for condemnation, aiid that is both unfair and injudicious, as all arc moro or less tarred with the same brush. For other reasons it Avould be Unwise to publish tile letter jilst now.
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Bibliographic details
Hawke's Bay Herald, Volume XXI, Issue 5382, 15 May 1879, Page 2
Word Count
144BANKS AND BANKING Hawke's Bay Herald, Volume XXI, Issue 5382, 15 May 1879, Page 2
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