Correspondence.

Lyttelton Times, Volume X, Issue 601, 7 August 1858, Page 4

Correspondence.

To the Editor of the Lyttetton Times. Sin,-'A^ettler,' one of■■ your correspondents of to-days issue,- lias put forth a tnisstatement to the effect, that the Savings Bank tablishedin Canterbury is " part of an Austvt Han Company ;"• (what' part' isnot stated) ami .;" therefore not so identified "with;theinterests of the proviiice,'/ and, "not;-likely to take an onwai'd step," &cv, '&c. '■ : /-'■■'■ The Savings Bank was established by resi:dents andsettlers of the province, who are the rtrustees. Their, .names,. testify that it is \ n ;every, respect a local institution, and under ';" local influence /'notwithstanding that its establishment was the result- of the exertions of the late manager and of the present accountant of the Union Bank of Australia • and notwithstanding that the Union Bank'affords it important support, and that the present manager takes an active interest iti:it., \ It has already'made vthe '.onward step' of establishing a branch at ;.'..' and if the gentlemen who have influence and position at Kaiajjoi would come forward on behalf of their district, a branch, would no doubt soon be 'established there also. ; :-; ; . ; ; : Your correspondent's statement' would not have required notice but that it is calculated ; to mislead those classes: whom the ■ Savings Bank will benefit, but who have little time or opportunity for ascertaining the truth of statements ig'norantly put forth in a newspaper as .facts. .■■'■■ '> /:;;- ■' j-.- •■■'■ ;;' J-.;:- ;:_v' ''■■■'::' ■.'. ■; "■"■ ■' :-"-: ■ " v';"' ' lam,sir^ ['';" ' "■' ■ • , , Tours obediently, A TEUSTEEOF THE ;SAVINas BANK. J ■ August 4. „;■;'-.■ \\'::'-.. ■-:■■■. _;.: 'v.. \. . ■■' .