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The Pamphlet Collection of Sir Robert Stout: Volume 72

Dear Sir,—

I beg to ask you, as a special favor, to read carefully following article, in which I have formulated a scheme establishing a State Bank, that will—
1st.—Involve no State responsibility;
2nd.—That will secure to the State enormous advantages;
3rd.—That will not disturb the finances of the present banks, but will, on the contrary, strengthen their position, and place them beyond the risk of panics;
4th.—That could be put into working order within 24 hours of the passing of an Act to authorise it;
5th.—That will remove all objections and be welcomed by every section of the community;
6th.—That will secure to the Government the immediate use of £1,000,000.

I trust you will give the proposal serious consideration, and, if you approve of it, lend your assistance to enable to become law.

Yours truly,

J. M. Twomey.

Temuka Leader Print.