WELLINGTON.
Monday. The new arrangement between the banks came into force to-day, and discounts are now 7 per cent, under 95 days, and 8 per cent, above that period, while the highest rate of interest to be allowed is 5§- per cent. It-, is expected: that this will release a great deal of money which was withdrawn from the ordinary channels.pf investment so, long as the bank gave 7 per cent, for deposits".. The Tribune understands there is not likely to be any opposition to the appointment of Mr O'Eorke as Chairman of Committees of the House of Representatives. It says no doubt the Government will support his appointment. This, day. The City; of Melbourne left San Francisco with tha English- mails on the 2Jst June, and is expected to arrive at Auckland in advance of due date.
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Thames Star, Volume VII, Issue 2029, 6 July 1875, Page 2
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138WELLINGTON. Thames Star, Volume VII, Issue 2029, 6 July 1875, Page 2
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