AUCKLAND.

Lyttelton Times, Volume VIII, Issue 508, 16 September 1857, Page 3

AUCKLAND.

The Oriental) Bank.—Our readers will be glad to see, by an advertisement in to-dny's paper, that a Branch of the Oriental Bank has now been formally opened in the city of Auckland; and that the business programme which the Inspector and Manager of the Bank have issued, beais out what we have before said as to the sound and liberal principles upon which its operations will be conducted. Another Branch is about to be opened, we hear, in Wellington. Otago will not improbably soon share in similar advantages; and to Nelson also, this Banking Corporation intend extending their business as soon as the necessary arrangements can be made. This province, and the colony generally, will now, therefore, have the benefit of legitimate competition in the calling of the Moneyer ; and from this competition we think we may fairly anticipate great advantage not merely to the general trade and commerce of the province, but also to the two Banks now thus established therein. Our reasons for entertaining this opinion have been already so fully stated, that we need not now repeat them. Suffice it to say, that so long as they conduct their competition fairly—and so so long as their management is kept strictly free from the least taint of provincial or local partisanship, we 7 shall cordially wish success to our Auckland Banks. Mr. J. S. Oliver, we may add, is the manager of the Auckland branch of the Oriental Bank, and Mr. T. Russell has been retained as the leg-.il adviser of the Auckland management. — Neio Zealancler, Aug. 8.

The Supply of Fjlax.—A letter to Baron de Thierry, a gentleman well known in London, says, under date of May 16, —*' The subject of cleansing and preparing flax for market is receiving great attention here." And the head of an eminent mercantile establishment in Paris, under date of" May 15, writes, —" Manufacturers who might purchase your material in greater or sun Her quantities in our markets, would scarcely give orders at the present time, not knowing whether those orders would be executed to their satisfaction as to the qualify and time of delivery. It would be well, therefore, that there should be kept in dock, either in Paris cr Havre, quantities of biles of large or small size, for the regular supply of the market." Until then, a few bales would open the first connexion. The manufacturers of France are disposed to follow the same course as those of England, were it but to sustain competition in foreign markets. It would be desirable to submit the best and most complete samples possible, and the divers pices of those which you may be able to furnish, and also to state the time that you would require for executing considerable orders."— lbid.