GOVERNOR HOBSON’S BILLS.
(From the Sydney Herald of July 16 .)
An incorrect version of the dishonour of some New Zealand Government Bills having been published, we think it necessary to put our • readers in possession of a correct statement of the circumstances.
The New Zealand Bank of Auckland remitted to the Commercial Bank of Sydney,, a cheque of the New Zealand Treasury, on tie Bank of Australasia, for £3OOO, which cheque was protected for non-payment, and being drawn against, the Commercial Bank could only accept the drafts to the amount of their credit, and, consequently, some of the bills drawn upon them were dishonoured.
The cause of the Bank of Australasia, refusing the draft of the New Zealand Treasury,, is understood to be, that Governor Hobson remitted them his draft on the Lords of the Treasury, without sending his authority for drawing. It is not true that the New Zealand Banking Company’s bills have been refused with one exception : on the contrary, a very large amount has been accepted, and only three refused, and there are some out now which will be accepted on presentation.
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Bibliographic details
New Zealand Colonist and Port Nicholson Advertiser, Volume I, Issue 4, 12 August 1842, Page 4
Word Count
185GOVERNOR HOBSON’S BILLS. New Zealand Colonist and Port Nicholson Advertiser, Volume I, Issue 4, 12 August 1842, Page 4
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