The Feilding Star. TUESDAY, MAY 16, 1893. A New Post Office

Feilding Star, Volume XIV, Issue 140, 16 May 1893, Page 2

The Feilding Star. TUESDAY, MAY 16, 1893. A New Post Office

With respect to tlio erection of a new V>o:-t ollice in a more central position iv Feilding, we have reason to believe that the Government are quite willing to accede to the wishes of the people, but the ■concession is opposed by the post office •authorities, who are quite satisfied* with the present locality of' the oflice. That, of course, is all very well from their stand point, but it appears to us that the convenience of the public is of premier importance and, therefore, should not be made secondary to the convenience of the officials. The worst of it is that unless the said postal authorities recommend a j change there 18 not the slightest chance Jof one bein^ ninile. The only way to I ovf-i'i.'nine ibo <]ij)i>-ii)t y i« hy persistent j effort on the part of the local Chamber of • 'oinineroe, which can by force of numbers, assisted by personal influence ius professional and business men, bring such pressure to bear as will remove the ofli<:ial opposition. 1 It is with considerable feelings of satisfaction and relief that we publish a telegram from Sydney to-u\y, that at a conference held yesterday, between llio Ministers of the Crown and ij representatives of tlie principal Lank.s, a iltlinite course of action was decided

upon to put a stop to the panic in the money market. The modus operand! is the same as that adopted in tlie commercial panics in London of 1847, 1557, and 1866, when the Bank of England Charter Act was suspended, and the notes declared a legal tender to any extent, that is to say, the power of issue was without limit. The banks to _ which have been entrusted this responsibility are the Bank of New South Wales, Bank of ' Australasia, Union Bank of Australia, I and the City Bank of Sydney. This will j i dispel the panic to a large extent, and I tend to restore public confidence.