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Manawatu Standard, Volume XI, Issue 1718, 27 May 1886, Page 2

The Feilding Stor v has an article on baiikihg' busiiiess, -which it thus con.; eludes :~-Much ;haa be«n iaid' 6f the_ Want of liberality shown by the bank* m calling m Current overdrafts,, putting' restrictions on discdunfi, and otherwia* crippling trade, but tho pereope who,, have said this are ignorant of the'piitent' fact pf the. banks having overtraded »Bi well as private firms. The figures quoted-' ought to prove conclusively that they hove gone further than prudent already,., and they really hays uo more' Yribney at 'thcfir dispoeal than m absolutely needed to' carry oh current bu^inesi. ; rl^theyJ 'had capital m propprtioir.to their present husineeß they could afford to extend, ., traußactions, but not. ;oiherwise\ "j ,Ooe of the gravest symptomg of weak* ..ness is the high and prohibitive' rate of intereoc charged on overdrafts and. die- ' counts, while the desire evinced to make irritating; and petty charges for -every Btiiftll act of service don«.iQ.th e ir cllenti, ; leads- to fUe; belief^ t'fani .they cannot liberat, eren m what were fornieriy looked upon as, Uija^; sjft'jth*? rbaoki were to reduce I tneirwom.^g txr^ penses, and lower v the ■tftirrynxVatef.pf,; discount and iuteresr, their dividende would not be decreased., whjle the ad-; vantages "to their" ■.cjien.tal.wou>d. ke enormous.; An 4veragt: B^i n of 10 per cent: on buslrioßS eapiiiJ< can-only b« ' Withstood for a limUed;period. . Intact, it is not too much to say that if the pre I'-^1 '-^ eehteUt'e of tbjng« were to coqtmut,' tWB whole property of the colony waurd We abiorbtd $. |h» |» R kj {» | ft y

Thb' Justices. of the Peace. Act, 1882, Amer)dnip.nt Bill, introduced by the Hon. W>' ToeTe,' provides that a justice may atwftdas. substitute; for another justice who is^tHujiriohed, and the Governor may grant; leStye. of absence to any justice^ or e-ixeatpt him from attendance. The penalty.'fbf/noif-attandance without reasoaiible excuse On two 'successive, pccaaiona: wtien' summoned- is thatithe oiJeriding iustice shall be disqualified from heing re-appointed for one year.