Bat the position does not so far jastity our changing the views already expressed, To show that we were not alone in holding an encouraging view would quote extract On October 27 the circular stated A few of the native banks reported to have practically completed arrangements for the redemption of thole ontetandiog obligations."
November 3 egsin 0 banks to-day brighter than it bank orders, and are ieeniog fresh ore-dite on cautious lines to roand dealers."" On the 10th instant, the circular ing from eight or ten of them are now five- native orders on reetrioted lines, The following from Messrs. Noel Marray and Oo.'s circular of the ch instant: It is satisfactory to learn that, to a very urge extent, the native in the msj rity of caves; 0, it is expected that eventosly the losses on thin account will not smonnt to anything serious."
Text read from the printed page and cleaned; old type leaves the occasional error.