VAN DIEMAN'S LAND.

New Zealand Gazette and Wellington Spectator, Volume 19, Issue 62, 19 June 1841, Page 3

VAN DIEMAN'S LAND.

The Ullswaier has furnished us with Van Dieman's Land files to the 27th May. The Sea Horse steamer, 260 horse power, is advertised to leave Hobart Town for Sydney. The Council was to meet on the Ist June. A general banking act, in conformity with some recommendations sent out by Lord John Russell, was to be brought before the Council.

The Governor had been to Port Aithur to inspect the neighbouring districts, with a view to ascertain their fitness to form new pei.al settlements. His Excellency had deckled on a place, which he namod Flinder^ Bay, and Sloping Island, as the proper places for the object.

\W<?r- works were about being erected for the supply of Hobart Town. The Hobart Town papers state, that private letters announce the arrival of Go> r ernoi Grey at South Australia.

I. ap,>e.irs liv tin Coloijld.l Oxace L«.o uctermincd to supply the convicts in Van Dieman's Land with flour from Europe. The announcement that thro- 1 hundred tons might be expected soon in the Coioi.y, had caused the papers to become loud in their denunc ations of the Government attempting to diminish the expences of the penal system.

As in Sydney, so in Van Dieman's Land, there are great complaints of scarcity of money and commercial difficulties. We had hoped by this time they would have ceased, but we fear the disease is yet more important than we had supposed. Of course, the banks are said to be the cause. The cry is, they ought to be more liberal in the periods of distress. It might be supposed that the banks never knew periods of difficulty, but had an interest in refusing to gain profits, by assisting to the upmost in their power. Doubtless the interest of the banks induces them 'to loan to the utmost farthing, and when they exceed that point, they fall into the critical position of being exposed, to having to stop payment. Banks have to attend to their engagements as well as commercial houses, but, by the outcry, it might be supposed that they had never ending resources.