Untitled

Thames Star, Volume XXIV, Issue 4523, 2 September 1893, Page 3

tern run on the Auckland Savings Bank that day. The Government had considered it wise to take action at once, and he hopel the Council would pass the Bi?l in the same spirit and with the same tmamirity as the Houso of Representatives had displayed with regard to the Bill. The institution in question was in a sound position—indeed there was no more sound banking establishment in the colony than it was. "- Colonel Whitmore supported the motion, and paid a high compliment to the Government for the prompt action they had taken :.n the matter. . . • j

Messrs Reynolds and Stevens also supported the action of the Goverament. The latter, however, expressed a hope that the present action of the Legislature would not be token aa a precedent that an irredeemable papar currency should be accepted by the Legislature on any future occasion. Tlgp second reading was then agreed to. The Bill'was then committed, reported without amendments, and passed its final stages. Hie Bank and Bankers Act Amendment Bill was also received from the Lower House, and read a first time, and at 10.35 p.m the Council adjourned till Tuesday next.