Correspondence.

Lyttelton Times, Volume X, Issue 600, 4 August 1858, Page 5

Correspondence.

To the Editor of the Lyttelton 'Times. Sib, —The sailing of the Uira^from Kaiapoi direct for Wellington is a new era in our progress. The auspicious commencement of this new trade augurs well for its extension, and the benefit it will afford to the rapidly increasing body of settlers in this district must still further encourage them to renewed exertions. ! Other facilities must follow in the train. For i instance, declaring Kaiapoi a port of entry j a question now only one of time. I am glad to see that the establishment of a branch bank there is now entertained. It is i quite time-that this accommodation should be I provided for so extensive, a portion of the pro- j vince with so large a population, which is almost j daily receiving accessions. A savings bank is also loudly called foi\ The bank already established in this colony, being part of an Australian company and theiefore not so identified with the interests of the province, is not so likely to take an onward step of this land as one decidedly connected with the province. There surely must now be sufficient capital in Canterbury to establish a branch under local influence. I trust, however, that an object so much desired, and the want of which is so extensively felt, will be accomplished before many months. It is certain that the export of wool from Kaiapoi next - year will be nearly 1400 bales, and the increase in subsequent years will be in a greatly increased ratio, as a considerable portion of the wool from the Nelson district will be shipped from: Kaiapoi. The amount received for firewood and timber from the bush amounts to a very large sum. There are now five large stores in the place, all with a considerable amount of business, and at least ono more is about to be erected. Trades of different kinds have also within the last two years been established, and there are a considerable number of residences and a brewery in course of erection. All this represents a largo amount of business, quite sufficient to justify the establishment of a bank. I can only therefore hope that so great a desideratum will not be long dolayed. I remain, A SETTLER.