NEW ZEALAND BANKING COMPANY.

New Zealand Advertiser and Bay of Islands Gazette, Volume I, Issue XIV, 10 September 1840, Page 3

NEW ZEALAND BANKING COMPANY.

W ant of space in our last Number, prevented us from paJ’tnjr that attention to the iVera Zealand Bunking CWiyro/M/,which its importance demands. «Vlosl> -heaitrly do we congratulate the Inhabitants, of the Bay of Islands, and particularly of K.otorarika,on the establishment tof- this highly-important and uselul institution. ■ . ■ Its establishment is truly. in'the history of New Zealand, and we hail'it-us-the harbinger of every thing bright and beneficial to this infant Colony- * We can easily conceive the astonishment that-will be-felt by the good people ot England upon reading in our columns mi account tvf the formation of a Local Bank with a capital of £10O,()0l>, in ibis' hitherto considered cannibal land. But whatever may be their astonishment, such is the tact, and the benefits to be derived from it ate likely to be disseminated tax ami wide-

The want of a Bank lias long and severely heeir ti lt here. This defect is now supplied, ami mercantile opciationsi of considerable imieuililile nmy now be entered imo. Indieil, witheut ti Bank, 1116 1110“ gross of the Buy of Islands must necessatiiy have been extremely slow, as all trims* nelious must have been on a very confined fictile. . : . All parties of consequence Seem to unite in taking a deep iulereai ill the welfare of this Bunk, ami nmtmgsL the l.ist of I’ropiinmis.are to Im found the. names of several gentlemen connected w ith the Mission, of three geiiilernen holding the highest-Go-verntneiil appointments in the Colony, and, indeed, of every respectable person in the Bay of Islands. . We have great pleasure in referring to the body of Birectors, the selection of winch, certainly, reflects every credit bn the fc 'oil taste of the Proprietors. Some little di-satisfaction, as tniulit naturally be expected, prevailed on this point on the. day of election, hut it has now entirely subsided, uml it is generally admitted, tlmt a better selection could not have been lnitdc. lii conclusion, we wish to file New Zealand JJanltuiy Company all success mid prosperity, and shall watch its pi ogress with no ordinary degree of interest.