of the Celinere population involved in its diveredit nearly the whole
the called Chinese Banking, Institutions established in the Colony The Foreign Banks, by the Capital of which the main part
This Colony the trade
of this bolony
Carried on, having
Mlaus
<s
taken alarm,
called in their loans their action
was followed by
the
A
withdrawal
financial aufport afforded a much smaller degree native capitalist at Caulon,
as a
Consequenc
with one or
result
brand
the native Banks tão exceptions were
I compelled to close their doors.
Although the desastions f
the land speculation has brought ruin to numerous families in
in the Colony previously enjoying considerable wealth, it l
question whether the commence the place has been in for the transagtion of ordinary way injuriously affected. Fabilities legitimate business have always been readily obtainable, rents have not appreciably fallen
of
a
and there
no
truth who lever
and
the statements made that the Chinese population has been diminishing, that native Capital
has been
that any
the leolony beaving want of confidence
or
is
572
felt by the Community native or foreign "the meeting the
in the preacl Government.
Chinese The meating the
merchants to which the Pall Mall
Budget referred
Consider
Confiden
was
was called to-
the best means of restoring
dence in the native Banks
attended chiefly by those interested in the speculation in land and not a single words was uttered by any epeater to which political eignificance
could be attached or which con
to address
a
veyed
the slightest imputation of unfriendliness to the Chmise the party of the Administrator.
Secretary of
the Chamber has been request to
formal the Pall Mall Budget which
is enclosed herewith correcting the erroneous conclusions to which the Editor that Journal has been drawn and the Com mitter would feel greatly obliged the Committy of your Chamber
their influence, to
of
would
use
of
obtain the wisection
of
the
Secretary's Communication in
the Columns
the Pall Mall
Budget or olthwise, to make. public
sufficient contradiction to statements to which influential
Circulation.