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Fair Play, Volume I, Issue 22, 1 June 1894, Page 3

They are drafting a Bill in Molbourno to provide fo,* an issue of State notes. This is tho first step towards a State Bank. Tho State Bank is a reform of the near future, when the masses are sufficiently alive to their own interests to overcome the opposition of the moneyed classes. Tho Stat© takes the risk in connection with the present system of banking. Consequently, the profit should belong to the State. Moreover, under a State system of banking, wo would not have business people liberally accommodated in the matter of overdrafts to-day and ruined by the application of tho screw to-morrow., . Thisfs really the cause of much of our present depression,.—Auckland Observer. Under the will of a farmer named Thomas Wbitely, of Mount Blowhard, a legacy of £SOO has been left to Eliza Tonkin, daughter of Charles Tonkin, of Hokitika. ; V