A State Bank.
• -♦— • (Per Press Association.) Melbourne, This Day. The Banking Commission examined * Mr Smith, Chief Manager of the(National Bank. He said that witli a State Bank of issue one 4th to one 3rd per cent of the specie held in hand would prove sufficient for all purposes. It would be no advantage to have state votes issued constituted a legal tender everywhere except in the place of issue. He did not tbiuk the credit fonder system was applicable to Victoria. Speakin<* generally for the business done in the colony there was an excess of specie. What they suffered from was want of confidence.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/FS18950621.2.35
Bibliographic details
Feilding Star, Volume XVI, Issue 298, 21 June 1895, Page 3
Word Count
104A State Bank. Feilding Star, Volume XVI, Issue 298, 21 June 1895, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in