I am glad to learn that the Chamber of Commerce has taken up the question of the restriction of the local note issue. The scarcity of the circulating medium here has been most seriously felt in this Colony during the current year; vary considerable actual loss has been caused thereby, and the stock market has for months been lifeless and depressed.. The Hongkong and Shanghai Bank have made some proposal to the Government, which there is reason to hope will meet. with acceptance by the Government, and the Banks will be permitted to increase their note issue and give relief to the present stringency.
Text read from the printed page and cleaned; old type leaves the occasional error.