To the Editor of the New Zealand Spectator.

New Zealand Spectator and Cook's Strait Guardian, Volume I, Issue 39, 5 July 1845, Page 3

To the Editor of the New Zealand Spectator.

Sir,— "ln the meeting at the A.urora tavern on Wednesday last I do not consider that the subject of the debentures was altogether fairly stated, and I am convinced that on the breaking up of J the meeting, this was the opinion of many. I perfectly agree with the sentiments of th& resolution which expresses great alarm at Captain Fitzroy's assuming the power of issuing his paper money to an unlimited extent ; but I think it was due to a community comprising sa many working men, who are holders of debentures, to relieve their fears as to the- amount of those at present in circulation in this settlement. I believe it would he easy to prove that they are not in excess — and that the only inconvenience arsies from the want of small notes. I also believe that so long as the bank chooses to consider that there is no branch of industry in the settlement worth encouraging, debentures will be received as a benefit in the belief of their being provided for when the finances of the colony are in a better condition. I am, Sir, your obedient servant, A Five Pounder.