Page 7 Advertisements Column 2

Ashburton Guardian, Volume 55, Issue 306, 9 October 1935, Page 7

THE BANKS and the Depression ‘‘ln 1931 the Cabinet was faced with “a deficit of £8,180,000 and the “ Dominion to-day is under a debt “of gratitudfe to the banks of New “ Zealand for the sound manner in “ which they had conducted their “business in the past, resulting in “a financial structure which enabled “them to assist the Government “through a very serjous period “indeed.” Hon. R. Masters to Dunedin Chamber of Commerce, 22/7/3 S Extract from Otago Daily Times, 2317135 “If I may be allowed to take this "opportunity of doing so, I should “ like to pay a tribute to the manner “in which the trading banks have ‘‘served the Dominion hitherto. Even “if I wished to do so, I am not in “a position to comment upon their “ past operations in detail; but l do “ submit that, generally speaking, they “have rendered a great service to “New Zealand by conducting their “ business in such a way as to enable “ them to weather as they have done “one of the severest economic blizzards which has ever been known. “ In doing so I think they have well “ maintained the high traditions of “ British banking.” Mr. L. LEFEAUX, Governor of Reserve Bank of New Zealand at that Bank’s First Annual Meeting, | ' 7/6/35 by the Associated Banks of New Zealand.

EHSG9EH They “Strike” but work for 192 hours on one wind - up —these 8 day clocks from THE TRIANGLE S WATCHMAKER | 84 The Triangle, ASHBURTON, / T. F. SMITH PLUMBER TANCRED STREET . ’Phones 143 and 547