CO129-203 - Acting Governor Marsh - 1882 [10] — Page 551

experienced in sect an aggle. vated form The impat trade of the Colony has

impat-trade always been carried on with the

allistance of

the Native Banks.

and hither to the smooth acess mitt which the Chinese system of Banking has worked has been He acconication

of my farcigner engaged in the Import Trade. Now the fact has to be noted, that of the so odd Banks canging

a good sound busionss prion to the recent land speculation Mania. Ast one umacies solvent and the Impat merchants now find themselves cut off from

all

550

All Banking facilities. Du fact

in

pretty much the same position that London would be in, if all the Banks of the Metropolis had love

all their Incant in some Modern Sauth Sea Bubble.

Ite while of the capital of

the

Native Banks, and succ More. Has been lost Through ad-

Until

au

rances to land epeculator, and entirely new set of Men, mitt pest expital come upon the scene, the depression

abour alluded to snust Co. tinice.

Three pars ago this Bank (H.S.B.C) Lent freely to

Chinele

Axed