SOIT QUI MAL
Y PENSE
DROIT

NEW ZEALAND

GOVERNMENT GAZETTE.

Published by Authority.

All Public Notifications which appear in this Gazette, with any Oficial Signature thereunto
annexed, are to be considered as Official Communications made to those Persons to whom they may
relate.

VOL. VII. AUCKLAND, FRIDAY, JULY 23, 1847. No. 14.

By His Excellency's Command,
ANDREW SINCLAIR, Colonial Secretary.

Colonial Secretary's Office,
Auckland, 23rd July, 1847.

HIS Excellency the Lieutenant Governor,
has been pleased to appoint

LAEUT-COLONEL CHARLES EMILIUS GOLD,
of H.M. 65th Regiment of Foot,
to the Commission of the Peace for the
colony of New Zealand.

By His Excellency's command,
ANDREW SINCLAIR,
Colonial Secretaty,

Colonial Secretary's Office,
Auckland, 23rd July, 1847.

His Excellency the Governor has been
pleased to direct the publication of the
following despatch, for general informa-
tion.

By His Excellency's command,
ANDREW SINCLMER,
Colonial Secretary,

COPY OF A DESPATCH FROM THE RIGHT HON. EARL
GREY TO LIEUT. GOVERNOR GREY.
(No. 23.)

STR,

Downing-street, 2nd February, 1847.

I have already in my despatch of 23rd Decem-
ber last, No. 23, remarked that for some time to
come, the occasions which will arise for calling
together the General Legislature of New Zea-
land will probably be exceedingly rare; and as
I conceive that to be compelled to summon that
be at an early period after the intended

change in the form of government shall have
been brought into operation, might prove highly
inconvenient, I consider it to be desirable that
before that change takes place, you should en-
deavour to avail yourself of the authority of the
existing Legislature, in order to pass all such
laws as seem to be immediately required upon
subjects on which the Act of Parliament will,
under the new Charter, confine to the General
Assembly, the power of Legislating for both the
Provinces into which the Colony is to be di-
vided.

Amongst these subjects there is one which
seems to me to require very early attention. I
allude to that of the regulation of the currency
of the colony. Since the recal of the debentures
which were issued by Captain Fitzroy, I am not
aware that any description of paper money has
been in circulation in the colony; but judging
from what has taken place in other British colonies,
of trade, a demand for such a cheap and con-
venient medium of exchange will speedily arise.
Nor do I see any objection to the creation of a
paper currency; on the contrary, provided it
is properly regulated, I am of opinion that such
a mode of economising capital, where capital is
so greatly wanted, must be exceedingly advan-
tageous.

The discussions which have taken place of late
years, and more especially the proceedings of
Parliament upon the occasion of the last renewal
of the Bank Charter, have, I apprehend, in the
judgment of those whose authority is of most
weight on this subject, finally settled the princi-
ples upon which a paper currency ought to be
regulated. Although a regard for existing in-
terests has prevented these principles from being
acted upon in this country to their full extent,
there is no longer much difference of opinion as
to the general nature of the system which an ad-