[COMJIONICVTEii.] - ' If thepeope of New Zealand, ..would oniy thoroughly consider the question, they would see that the establishment of a' State Biiuk wouid'befar liioie beneficial' to the colony then the discovery of the richest goldfield - New Zealand has exported gold to the value of about £45,000,000, but at she same time by means, of the the present banking system she has become indebted to foreign capitalist.* t> about double that amount. Yet Muihall says that all the. coin m thy United Kingdom only amounts to. about .£3i),000 0i)0 The people of New Zealand have exchanged their tso'.id gold and mortagaged tlnur fertile lands, (cli mate and a.l), and the government has given away debeumrea for. millions: of pounds, for the use of a. couple of of^coin aid the paper money or credit of half a dozen foreign ' banks. The consequences of this sacrificing of • substance to shadow, or of wealth for debt are that New Zealand has to send out of the colony at presentabout £5.00 \ 000 a J'iav as interest upon her pulvie und private indebtedness and as profits of 10-ngn banks and money-lending and landowning companies and individuals. And this in debtedness to people outside the colony: in creases rapidly and with it of course the a mount of interest whiuh must be yearly paid ;away. The n. venue of the colony last year was about £4.000 ; 000, but nearly half of this was required to pay the interest upon our public debt. Our exports last year were valued at nearly £8,000.000, but rnoie than half, of this was really the tribute we pay to the foreign money-lender, and to the absentee landowner. .Last year gold was exported from New Zealand to.ihe. value of £914,312, which is more thin the nominal value of- the notes issued by the Nesv Zealand Banks, and nearly half the value of all the gold and bul lion ia their hands. The Banks give their paper money, credit accounts or notes, as the price of this gold, and t ! iey pay only £3 ]fis per ounce, whereas the real value of.it is from £1 3i 9d to £i i> per ounce. 