✨ Government Correspondence and Notices
to be understood. These are, however, points
which I may, with the utmost confidence, leave
to your own judgment. All I wish earnestly to
press upon your attention is, the importance of
occupying if possible, the ground, by some go-
vernment paper, before private Banking Com-
panies shall have taken possession of it. If this
is neglected, I am persuaded that it will prac-
tically be impossible to prevent such companies
from being formed, and from issuing notes for
circulation; it will be equally impossible to
confine the privilege to any single private com-
pany, such a monopoly would be sure to create
too much dissatisfaction amongst all excluded
from sharing in its profits, to be long maintained.
The consequence would be, that rival Banks of
issue would be established, and that in seasons
of commercial prosperity, the competition of
these Banks would unduly extend the amount
of paper in circulation, thus raising prices, and
stimulating, precisely when it ought to be mo-
derated, the spirit of speculation, thereby en-
suring, whenever the reaction came, as come it
must, a more than corresponding depression and
wide spreading ruin and distress. This is the
course of events which has been witnessed in
the last few years in Australia, in the United
States, and (though with less severity) in this
country; like causes would infallibly produce
like results in New Zealand; and those causes
therefore, while there is yet time, I wish you to
remove.
I have, &c., &c.,
(Signed)
To Goveruor Grey, &c., &c.,
New Zealand.
GREY.
Colonial Treasury,
Auckland, July 23rd, 1847.
N OTICE is hereby given, that Tenders
of British Gold and Silver Coin in ex-
change for Bills drawn by His Excellency the
Governor, on the Lords Commissioners of
Her Majesty's Treasury, London, will be re-
ceived at this office, on and after this date,
until further notice. The tenders must be in
(79)
duplicate, duly sealed and endorsed "Tenders
for Bills," and must state distinctly the
amount of Money that will be given for each
£100 in Bills.
A. SHEPHERD,
Colonial Treasurer:
R EQUIRED for Her Majesty's Service, a
tough and seasoned SPAR, to make a
Main Mast for Her Majesty's Ship Dido, of
the following dimensions, viz.—
Extreme length of Mast........ FT. IN.
80 1
Diameter of Mast............ 2 4
Length from Mast-head, to receive } 13 0
cheeks and trussel trees ...... } 2 3
At the Partners ............
(To be clear of bark and sap.)
Tenders will be received on Her Majesty's.
Ship Dido, from parties willing to furnish the
above until Saturday, the 31st inst.
W. B. MAXWELL,
Captain H. M. S. Dido, and Senior
Officer at New Zealand.
Auckland, 23rd July, 1847.
N O T I C E.
I HEREBY GIVE NOTICE that all powers
of Attorney given to John Israel Mon-
tefiore by me, and also by Mr. George Want
and me, have been revoked, and I hereby
caution all persons from dealing with the said
J. I. Montefiore on my account, or from pay-
ing any monies to him for me.
R. J. WANT.
Sydney, June 18, 1847.
Next Page →
NZ Gazette 1847, No 14
✨ LLM interpretation of page content
🏛️
Despatch concerning Banking and Currency Control
(continued from previous page)
🏛️ Governance & Central Administration2 February 1847
Banking, Currency, Speculation, Circulation, Government control
- GREY
💰 Tenders received for British Gold and Silver Coin exchange for Treasury Bills
💰 Finance & Revenue23 July 1847
Tenders, Gold Coin, Silver Coin, Treasury Bills, Exchange
- A. Shepherd, Colonial Treasurer
🛡️ Requirement for a Main Mast for Her Majesty's Ship Dido
🛡️ Defence & Military23 July 1847
Ship stores, Main Mast, Spar, HMS Dido, Tender, Dimensions
- W. B. Maxwell, Captain H. M. S. Dido, and Senior Officer at New Zealand
🏛️ Revocation of Powers of Attorney granted to John Israel Montefiore
🏛️ Governance & Central Administration18 June 1847
Power of Attorney, Revocation, Caution, Sydney
- John Israel Montefiore, Power of Attorney revoked
- George Want (Mr.), Joint Power of Attorney revoked
- R. J. Want