LEGISLATIVE COUNCIL.
Wellington, Wednesday. In the Loftislativa Council t >-day Mr Hall moved that, having reg nd to the large aggregate amount of dep >sit 9in tho Post Office fraying* Bank, it is expedi nt that terms upon which repayment of deposit may be demanded should be reconsidered by the Government. He said ths total amount of deposit in the colony approached three-quarters of a mi lion, and pointed out that in case of panic and a general demand being made by depositors, Government would find it difUcu't to find money, which would prove a blow to the colony. He surges'ed a saving clause in tbe regulations, such as is "n force in Australia The motion was carried.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM18760713.2.6.1.1
Bibliographic details
Nelson Evening Mail, Volume XI, Issue 173, 13 July 1876, Page 2
Word Count
118LEGISLATIVE COUNCIL. Nelson Evening Mail, Volume XI, Issue 173, 13 July 1876, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in