PARLIAMENTARY.
The Bank Me Issue Bill, The Auckland Savings Bank. (By Telegraph—Press Association.) Wklunotos, Friday. The Bank Note Issue Bill was Inst night put through all its sing's in both branches of tin* L •gislaturr-,' The Bill provides that bank notes aretobeatiistcharge on bank assets, and temporarily enables the Govenor to declare bank notes to be legal tender, mid piovides for retiiement of thesHinedtiriug a limited time and under special circumstances. The Hon Mr. Ward explaimM that tho Bill win merely a precautionary mcasui'o -nni) tlict.thote was no immediate necessity for it. If necessary, the Government would, without the slightest hesitation, guarantee the deposits of tbe Auckland Savings Bauk ; so assured were they of its position being thoroughly end absolutely sound.
Later, Confidence Restored. (By Telegraph.—Press Association). The Colonial Treasurorhas received an offioiul intimation that !ho run on the Auckland Savings Bank has ceased and confidence is now restored, and a largo nmount of money is being re-deposited.
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Wairarapa Daily Times, Volume XV, Issue 4513, 2 September 1893, Page 3
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158PARLIAMENTARY. Wairarapa Daily Times, Volume XV, Issue 4513, 2 September 1893, Page 3
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