GB RPSL PB-CORRESP-LB-101054-32-701

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• 3rd May 93. (Creation)

Royal Philatelic Society London

657/678 3rd May 93. Dear Sir, In view of recent events, and the possibility of some of the Australian Governments adopting a system of note issue on similar lines to that recently introduced at the Cape of Good Hope by Mr. Merriman, the Treasurer, viz, notes issued by the Treasury to the different Banks, against the deposit of Godment Securities by them (the contract for the supply of which notes has been entrusted to ourselves), we trust you will not be offended if we ask your kind recommendation, should the proposals in question assume a definite shape. We have had the pleasure of supplying the Union Bank of Australia with notes for very many years, and we believe we may say that we have given satisfaction. We feel confident, therefore, that you will not object to say a word for us, should opportunity arise, and we assure you that, whenever called for, our best services are always at your disposal. We may take the opportunity of offering our congratulations on the apparently improved position of the Union Bank of Australia, as a consequence of the failures of some rival establishments, though perhaps, as very old shareholders, our feelings are not entirely disinterested, and we trust that an improvement will soon be manifest in the Colonies, and meanwhile beg to remain Dear Sir Your servants Servants W. R. Mewburn Esqr Union Bk of Australia Limd 676

• English

Summary: This letter discusses the possibility of Australian governments adopting a note issue system similar to that introduced at the Cape of Good Hope by Mr. Merriman. The writers request a recommendation from W. R. Mewburn of the Union Bank of Australia, referencing their longstanding relationship and recent improvements in the bank's position.