MAKE A MEME View Large Image This month we highlight Macquarie's idea of establishing a bank in New South Wales; it was rejected by Whitehall. Written to Robert Peel, Under Secretary for War and the Colonies, conveying the disapproval of the Committee of Privy Council ...
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Keywords: lachlan macquarie lachlanmacquarie governor archives state records nsw staterecordsnsw newsouthwales document text writing texture This month we highlight Macquarie's idea of establishing a bank in New South Wales; it was rejected by Whitehall. Written to Robert Peel, Under Secretary for War and the Colonies, conveying the disapproval of the Committee of Privy Council for Trade to a suggestion by Macquarie that a Government Colonial Bank be established in New South Wales. It was sent as an enclosure to a Despatch from the Earl of Liverpool to Governor Macquarie. A bank would eventually be established in 1817. » Lachlan Macquarie Gallery TRANSCRIPT: Dup Copy No 32 17 May 1811 Office of Committee of Privy Council for Trade Whitehall 17 May 1811 Sir, The Lords of the Committee of Council for Trade & Foreign Plantations having had under consideration the Extract of a Letter from Govr Macquarie dated Sydney New South Wales 30 Apr 1810 (transmitted by you on the 11th Inst) suggesting the Expediency of establishing a Government Colonial Bank for the reasons therein represented, I am therefore directed to acquaint you for the information of the Earl of Liverpool that it appears to their Lordships that there are many objections to the Establishment of a Bank in New South Wales however advantageous such an Establish- ment may have proved to the settlement at the Cape of Good Hope. The Lords of the Com- mittee, however are of the opinion that it might be advisable that an issue of Dollars of not more than £10,000 in amount, should take place, as such a measure might prove of R. Peel Esqe 127 of essential service towards relieving the difficulties complained of in the said Letter of Govr Macquarie. I am etc. Signed W Fawkener This month we highlight Macquarie's idea of establishing a bank in New South Wales; it was rejected by Whitehall. Written to Robert Peel, Under Secretary for War and the Colonies, conveying the disapproval of the Committee of Privy Council for Trade to a suggestion by Macquarie that a Government Colonial Bank be established in New South Wales. It was sent as an enclosure to a Despatch from the Earl of Liverpool to Governor Macquarie. A bank would eventually be established in 1817. » Lachlan Macquarie Gallery TRANSCRIPT: Dup Copy No 32 17 May 1811 Office of Committee of Privy Council for Trade Whitehall 17 May 1811 Sir, The Lords of the Committee of Council for Trade & Foreign Plantations having had under consideration the Extract of a Letter from Govr Macquarie dated Sydney New South Wales 30 Apr 1810 (transmitted by you on the 11th Inst) suggesting the Expediency of establishing a Government Colonial Bank for the reasons therein represented, I am therefore directed to acquaint you for the information of the Earl of Liverpool that it appears to their Lordships that there are many objections to the Establishment of a Bank in New South Wales however advantageous such an Establish- ment may have proved to the settlement at the Cape of Good Hope. The Lords of the Com- mittee, however are of the opinion that it might be advisable that an issue of Dollars of not more than £10,000 in amount, should take place, as such a measure might prove of R. Peel Esqe 127 of essential service towards relieving the difficulties complained of in the said Letter of Govr Macquarie. I am etc. Signed W Fawkener
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