DUNEDIN.
April 18. At the Chamber of Commerce meeting today Mr Bell, the Chairman, delivered an interesting address on current topics. Mr Bathgate voted that a committee inquire and report on the present monetary system of the colony, more especially as to protecting note issues by a deposit of Government debentures, and thereby relieving banks of the obligation to keep large reserves in gold unproductive ; also as to the expediency of establishing a general clearing house, so that our banking power may be economised, with the result of greater facilities being afforded to commerce and to the promotion of legitimate enterprise, with consequent increase of the industrial classes.
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Bibliographic details
Wanganui Herald, Volume XIX, Issue 5316, 19 April 1884, Page 2
Word Count
108DUNEDIN. Wanganui Herald, Volume XIX, Issue 5316, 19 April 1884, Page 2
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