t broad assertion that I propose attempting' to raise at once. \ cl&ttse at tHe beginning of my proposition idißtm&fclyjtfates that only a portion would be : |tokea|jtor until more could be raised and pro. fltabijfamployed. I also limit the issue of the ideberowes. I cannot theiefore be accused owMooking the capabilities of the place. \ have been made by the Press , others to me, to this effect. " Why, the fiote circulation of the whole colony is within £650,000." I quite believe it; but am I not right in saying that it is because the circula tion is only £650,000, that some improved and extended banking operations become absolutely necessary ? My distinct opinion is that we are wrong in allowing ourselves to estimate our requirements in this respect by the amount of notes the branch banks here will permit us to use or are capable of giving us for employment. It is akin to a penurious or needy caterer for a gang of men, boasting of the small amount of food they consumed but forgetting to think of the amount that would have been beneficial to the men, and profitable to their employer. It reminds me of the hospital patient who Mked a somewhat spare and diminutive physician for an addi tional allowance of meat. u Why," said the physician, "you hare already more than I eat in perfect health." " Yes," growled the patient, " but who would wish to be like you?" Exactly the same in our case. Like Oliver Twist we ask for more, and are twitted both with what we have already got, and with the allowance to our neighbours. But is the result of this sparing allowance in any case a fat one ? Is the result a happy and prog, perous one ? I have no need to say No. But I do say, and that emphatically, that we ought, by the establishment of a local bank, practically to ascertain for ourselves how much money we can beneficially employ without injury to the stability of our trade. It is a most noticeable fact, in estimating the practical value of the remarks of the writer in the Press, that although in his di gest of my scheme he places the formation of a local bank as my main and first proposi tion, he does not expend a single line upon it. 