CORRESPONDENCE.

Temuka Leader, Issue 1485, 27 March 1886, Page 2

CORRESPONDENCE.

(We do not hold ourselves responsible for the opinions expressed by our correspondents.)

payment of which would bo guaranteed by the State, as well as secured by mortgage on the freehold land, and the interest ariiing on the use of such notes would bs paid into the Colonial Treasury for the good of the colony and not be drained out of it as at present. The State Bank notes would be need in paying all Qorermnent liabilities, such as for public works, salaries, etc. A word more. As regards Mr Garrick’s speech at Merivale : certainly he volunteered no remarks on the subject of a State Bank, but wken asked be told bis constiuents plainly, “ I would most certainly not be in favor of a State Bank of Issue.’' This was speaking out, and I admire him for it, but it is to be remarked that he guve no reasons. It is essential to remember that the interest of all lawyers, and of a great many others, are altogether opposed to the establishment of a State Bank. I would ask Editors of newspapers throughout New Zealand whose ideas of a free circulation of opinions will allow them; to do so, kindly to copy this letter into their paper.—l am, etc., A. St. John Whits. March 23rd, 1886.