AVERTING FINANCIAL CRISES.
EMERGENCY CIB.CTJLATION
PROPOSED.
A HUNDRED MILLION ISSUE.
LONDON, May 13;
Washington telegrams indicate that there is a prospect of fairly satisfactory currency legislation passing in the shape of a Conference Bill, authorising establishment of a banking association for the purpose of issuing emergency circulation amounting to £100,000,00)1), based on securities, including commercial paper held by national banks.
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Bibliographic details
Auckland Star, Volume XXXIX, Issue 115, 14 May 1908, Page 5
Word Count
60AVERTING FINANCIAL CRISES. Auckland Star, Volume XXXIX, Issue 115, 14 May 1908, Page 5
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