Step m the Right Direction.
, Pjjnedin, April l&.x Chamber dt Cdtninerce nieetihjg^aav^ f -Mr- Bell,'.ube 3na,ir»uaii, i delivered an interesting address on current topics. Mr Batbgate moved that? .the committee' ■ inquire and ' report on; >t.he present monetary system of the' 'colony, more especially as to protecting jnoteiis&ies-by a deposit 'of Graverment |! debentures; and thereby relieving banks 'of the obligation to keep a * large reserve' m gold nnproductive; ailio as to the expediency of establishing a general clearing, Ijpiisg so thtit our i^aijkiDg power may be economised, with the refsult t>t greater; facilities; being afforded to commerce aud to_ the promotion ojf legitini&te enterfjrise, h oonsequen!t increase of employment oi the industrial classee*; The motion was cfrrjed.-.r} > i ' "... ' ' ■'•"■•-' 7!i '■ :
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS18840421.2.11.6
Bibliographic details
Manawatu Standard, Volume IV, Issue 124, 21 April 1884, Page 2
Word Count
118Step in the Right Direction. Manawatu Standard, Volume IV, Issue 124, 21 April 1884, Page 2
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