"It is <iuite clear that the financial troubles of Victoria are not yet over. We weie told by a cablegram on Tuesday last that, at a meeting of representatives of the associated banks, it was decided that all the institutions should act unitedly in rendering each other assistance if required. It was stated tiie Government would also cooperate. We may infer from this precautionary measure that in the near future a monetary crisis is anticipated in Melbourne, and tho best possible av.iilaOle means for mutual protection and assistance have boon taken by those who have the most to lose, and are the most competent to guard their own interests iirst and those of the public who compose their clients afterwards. If the Government lias definitely given a pledge to co-operate with the associated banks, much will have already been done to avert the worst consequences of a crisis ; and | may c.yen prevent it altogether by re- j storing public confidence. We hope I that the latter anticipation may be ' verified, because we cannot lose sight ! of tin; fact that the Australian banks are all more or less directly ami indirectly connected with this colony : ami whatever e\i! happens tv them i must.- to jouic c^t'.nt. iijui'.* u-. '
The following are the traffic returns of the Napier-Taranaki section for the four weeks ending 4th February, 1893, and for the corresponding four weeks in 1892 :—
The usual advance is apparent, although there is a decrease in the item of wool of eighty-two tons.
1893. 1892. £ s. a. £ s. d. Passengers... 7,796 7 4 7,340 18 3 Parcels ... 766 12 2 778 1 2 Goods ... 8,456 1 1 7,817 1 8 Miscellaneous 467 6 7 411 12 4 ' Totals ...17,486 7 2 16,347 13 5
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Bibliographic details
Feilding Star, Volume XIV, Issue 114, 16 March 1893, Page 2
Word Count
292Untitled Feilding Star, Volume XIV, Issue 114, 16 March 1893, Page 2
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