LYTTELTON CHAMBER OF COMMERCE.
A special general meeting of the • members of this Chamber was held at Mr. Alport's rooms yesterday afternoon according to notice.
Mr. I. T. Cookson occupied the chair, find a large number of members were in attendance.
The minutes of the previous meeting-were read, and the chairman announced the object for which the present special meeting was convened. . • The Committee's report upon the question submitted by the Wellington Chamber of Commerce on the subject of the Banking Laws of the Colony was then brought up, and the following memorial to His Excellency the Governor upon the subject was after discussion agreed to:— MEMORIAL. To His Excellency, Colonel Thomas Gore Browne, Companion of the most Honorable Order of the Bath, Governor and Commander in Chief in and over the Colony of New Zealand and its dependencies, &c, &c. The humble memorial of the Lyttelton Chamber of Commerce respectfully sheweth,— • That your memorialists believe it to be essential to the progress of commerce, and to the general interests of the community that Banking operations within the colony of New Zealand should be relieved from those restrictions which under the existing laws prevent the issue of notes, and thus virtually preclude the establishment of local or other banks, excepting such as possess a Koyal Charter. That your memorialists believe that the'; Paper Currency Ordinance, 1847,' and the 'Bank Paper Currency Act, 1856/ obstruct the free use of colonial capital; which might otherwise be employed in supporting banks within the colony. ,:,. Your memorialists therefore'praythat during the next session of the General Assembly your Excellency's Government will introduce a measure to enable. public companies or other, parties to form banks and issue notes throughout the colony, under safe conditions.^ .
And your memorialists, as in duty bound, will ever pray, &c. The draft memorial was adopted unanimously on the motion of Mr. Campbell, seconded by Mr. Buckley, and was ordered to be engrossed and forwarded to his Excellency through the usual channel. Copies were also directed, to be printed and sent to members of the General Assembly and to. other Chambers of Commerce in the Colony.
At the suggestion of Mr. Buchanan, the Secretary was requested to take an opportunity, prknHto the departure of members of the. Assembly to Auckland for the present session, of addressing a circular letter to each, recapitulating the action by the Chamber and the resolutions passed during the year, showing the opinion of the mercantile community in this place on subjects likely to come before the Assembly for consideration.
LYTTELTON CHAMBER OF COMMERCE.
Lyttelton Times, Volume XIII, Issue 793, 16 June 1860, Page 4
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