THE STATE BANK QUESTION.

Oxford Observer, Volume 1, Issue XXVIII, 25 January 1890, Page 3

THE STATE BANK QUESTION.

.^a Sele<a C6iiimitte^ 5 6f'''-t^ 9fiegi3--li&vVColkeirb*4-^^ •^riort The Committee recommeadecr u Si follows :— « ■*•*> — *• T^teiHtol -.'_r^_a^ '-W be established m Sydney, witn a power to issue, notes, only ia exchange for gold government be made either fintSTiolSs 8. That the ftHf^suW'^SnV _hb^ffl^^-afe^ l6#^aet aeT%whUre^ce^ift^e^nk;' "< u * fc. "SMfiPTOeft iWafbiesailJlßfie W <Joia W 7 tHe a ttm «£ HO»Ss _*MnHK.*ttto %ffl*^ff <>* ■my-^oo B_wju«.iaoiolJ iarf-hcacJ . biffi^d^^!^ peat^l^ 0 aM J '?P^ab^ i j ft Y^t^ted 1 P-wrliaiwM* thfti aAjn^vp-iteiiofla ok SpejßlUA-tVe i)pi»M3»ajh*rQ fl ATftttjql'atev-©ila little yalue* aaid ( ,hoe#«w iUw-BwibiEr^i tuma-hadfurmshfiA them wthutha-j-fteai cesdaiytf^-tati-tioa-ltiiHa-f^^ had'tberafor-esataft-^^ la^rsjpf'thpse-^nim^tua^tesmeopaand writersjow-bo&iby*^^ looked-Jhpvtoias a«t«horitteB r 4?n> th^*>s«^ 3 ject/'-* 5 - 1 - 31 '"- 000 aii ie v.nn»4« *rfl lo *0OO33« fdr t^oWg t^* , eX*J%ct^'fi^n I 'yip' 1 ' pendix Ii -df ible Iteport»- J <Bf* tHe S&m!* AmMn<mm®aW&^\'VlordNi& '[ Bum. lß sl#'Re'poirV-^^ wh? m-o^^oih^«n?fiiti^ ,^ v til8 £i t!^ od thWcSn rf nS J dßufl!Wa«f wa T s*»i H P^iiMenfaM Pr#M w^ Wfe Hf%£rWs'lß mw/m&*A¥kffl&*a unfprt»m^^b)e4^Y-%it 4ft b^.theu;- jjia>. tejegfe.to.ofpjQSfti^ cAn^lh^nkUhjß villa oppQ9^tbyiiikPgej*|hpm thejoj^egard Htti*. fiqancjua jwUbhoriti^riad: v jih*i«/iis*i ,vi3»ii thab-puhlii? iiefiiio^ihek Yeimi<gtax!ingJt intefligon{»f enttT-oyedi uU irelatidnu toa theu^lawnibfiEiaiEs. t/^lfimenjbeeoinetcoii** scious that someone is watching their-* fotejg_ritfocifcham@J3hfl>s^^ ht& oome; dull aadiifiext aii4vinitinie (inaapno able iaf effort, flj'io mw aim sl«-a to baflltai KUhesea qo6tatioi^areiopinionsiol> wjt»3* nestesreg^ea^to^bq «South<iA«Btiralisn^ RoyjdiiOommidsirj^. < ifl%6babl-y>,^ho-wwoi eve^«iir*Sew' eealAMf'-^wlag-to .smts det<^rfm&ttoh'«fl«B>4»poaen^"fl6tW=' di^-^'to^bietftv'ft^^ •gllew<lt ! # no the^^_fi^nb«rtil^^p^ knfcw^-n^fe^Bdm c 4(*rmlen_i&f •* Wh w «WHia^B* J iSitttoliHli fnHfll^f wWWWLW ■Sni BspSKb^4pto*their interests. Owing tifttfJ^vag'iSS 1 rerWi^s -Wf *._^gw*>afi^rs Waa^tH*^^ m wMtolte new to many readers m New ZealaMT estSttHSKM^ ofa ma 4 t§«*«an%^ts\«Hi^ «nt*rtisa VTO <t ' : S•Mk io o." t KMe , -to" 0 JJg^wilaWtJ O^iß.'a-i.yior.-c-g i04«.1 m. " The Governor m CoiitefeiMtiW3ri§efl "* to jes^i^nen^iPl^ap^te, 'Mrf Issue.fosih^p.u^.^p^^nA^Rg^ ! finmei»UhusJixftss-9f , t iGg^y^ian4 ( Cll point manager and comptroller of the

'<Jui^ency^o^ v B-and-:sßJakev(ritaleß'*^(nd I JJegulatdonSb* wj-.i 10 i-*j-Jic<u>*a « ot i»*w*i* . , t , J ,'.! ) g^e / ,lfeuik-. r tp. x/ b^ _ftjTsPOTftlfe»» I mon seal. Officials to furnish' guar*Rfe?A:geiSi*sL^ agent; the Bank of^n'glfci^taiJßacaijr, , -gg^c__6ndoß^sines%.KiTd3he n*>ie«iffißue IfiibfepiflV i aj^u^^-?m^^n^^io i t > Js§'3 . Eon, drafts on.lSndon. or ' Government 3fiffi/»vi-i--t s-raaw 6h*w<f*j*ao*iJa lo *jt5 9 AS7w2**-ft* aebentures or stocK,, or m •payment ot •^e-So!onyV f M^^ol^"to«be-^teg'at t-iid«*#-&fA**tti!m«Bial^ - srofi 'fdft claaaJing fooftisfeteforidaflg&^ttlfii • &3^tS;.iJ«ndcthes-Sta ! t&«3^^42^ e he _allawed _at the, rate of r 2i ncr .cent on monthly balances at credit. . Ine wftfflummmk Slf fiifftaa-ai 4^ n^ei u sr<JvlM for redemption, the compi^Hei ,u M'«rng j-jiSw-^t^ell-^^^ pose c^Si^^e-te^id^bil-iV^cure any required suprnV--of specie. The priUe^B&M§*# l Ml G M^t half l .f§aeiy\mH>-yi'v?^^so (^u^. State B^anl-j, o| b issjy^«i%ng^J^proportions of such resem-e-must Be 40 per ee#;.***a i\N^^*^^*tei4^*-afe* . y«a'fly; returns to be: J^^lu4.T hr-y^i©- • Sr#ft&atte.6 dil^hji^uir^-i^uiti^t 13 . : bjallion jnight- oe invested ' m mortgage • > i^k^*^-*«feTaa-in*T^'fl'to*ot4a^fc^ lip*. u^e 1 *^fcfei^*liflt*^)h>ii^. .»©he bainkß#tol fiirnislii Jmonj)hr^-Jd^totn.s.y(and. -ihait-c! y^%ihj_la^.^h^^ each pane to be under ".lhe -L-pniT clalnJ^y-Ajol-o-fiiaP^reditot^ **BMb&&A vet*liMer^*%itgh<pa%ppowi*S -tixfin-SifflßrsJ orr-eejaaye-jktf-jd *HheJ«C9_Qptl-f4l-erjt oiithea CHi > i»»cy t^ m r^r<Lu^'-^ii2 *Jffi;i*J*i^^ Colony^ the securities aiw note circu-amefeffftiei^^^a^H^^-^o^-iiiSi^se-' security of shareholders and •deposi-tobsp aqd-jtotfiLcOstSvinou^redoirndGJlJ^aaAct, with schedule for bank rotm-niT," -10l wooK i^eu-y-i*Ja .»aiu>T oitl b->mt-.>*i Bathgate, m.movinglhe^econfi reading of^fe^iif^'^aie^iSl^nht- 1 a*%«tie -f^^d?-*-^eH?afi-tedMwMM-^fae>J people markets, but had no money ,ts_«l h&fssafid Je^QflitosLauil,i^fcQ*. B^k&3P n&_e#after& M-3^S^ as .W*^l¥^Jlrl;ffljathree years the rents agfe-y^ Jfe market recouped the whole expenditure. g4>&owms*» mm m°M wm»i siytewwW®\wJkwmmx urn-Man paper money is JftM^.- i J&*sJß!iSiß&»fj sp&'nls^ «a_Jß^*»^a?? . x To u oTb"-s Slow eai» jQ»*q «ff*o*M*AanTffoz ls -Mo^n^§«J°HwV^i*qiio39b yme -{hesri *aSheii*ußc6i*jpapfin moneyisliOsulcio-ibft*o indiae* _3a-vd6i<»£d;l|e»^dia«teoJE^f)d -here-stb foM»u •S4^i©a«k»Bdf issnei^houldabpao established. Sir Robeiflrt ileeu^ fcaftlWi GieklsliOJl6 , ;ajiiaß''i3rqSch6^ SiriiStt&K. No"Bi_aQgtep«adiLoi^iSberb4QoJlj» msmnh supposterti ltofu afliSjte'fcei'ii^nfcp«ii3i'iaißoi,!ij wore $h©-^epntj»<-Sdyeaiß&p ofathe-ißahkiod of b@n]^an#aii-t St^-^aiatohaß o-itJiQ^rft) MM-iU«-fefeo**^ri*« 4fti«%9^l»a>iVj*tiudt \<! Ba%lte *o^M*h^-6wr3Vcrt^!«< foo*Jk&& hof£e£ p d£.^-?^^ pr4_sfft :»s^nde» p*ttetfti«H-«« is _» u me#Bafel^oa***r«Wai?abßtt¥d!t^^ A rlm*Df '^iteii«fe»«ft BSil» I «Wa!'ex*^ ha^Efwlbltee-rW. 1 * *T^fi^^ of- WaWdieif^o^a^^^Jfttf^a^w banking. By. the « GeneraffltoteMg 9 *^ Ac«ro%«ffe 0 -D(n^iifißn^'H[fe«to baA^Wrga^re&^^^p^.o^efeh^ *^^ the^msk-mefv^^Sdmn^^^-St^s.^ 7 ' Th^AS^atfW

—wyjir—i-** ■*«Mg'WwaßMißß«g-*ffaa-***a*gwy-***~-tacesouTces^fif oludiandjo The famous French' 'financier;" M. tIMZ m4B; -kys^'^heMbweringiof -tlr© rate -of amf eJffi^-p'd-ldiifigodesbiabiß •» l(r^pjr^M WR^ enterpnses that could ncrt exist if tne lm&sestmT&4s§M& siibteaiitribStes, asflhseqg*a^3j, *fr> ij&ftj J*^9B^#*.:8 f ;n#tSjall ahftapM-adti-fet^ite) ibe ff]#ve_ea terest enter for a considerable part m •afe- fifefi^myd^in^e pm-eg-retiMS), dt!fac^atesltha(a^eUc&ja^®niof e>ttUft)t -public funds. . .-'.., , m *Mq vmto mno in^-^vM-Su?. 1^ "