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TIGHT MONEY.

. .***, .■ ... ...'■' *->^- A BANKER'S VIEW. The annual general 'meebag.ofctt*pstatute of Bankers* of New South ,*to . was held in the call-room i>t *.■&•**.' j Exchange last Friday *rught. .' The report ~whs"adtyp^y&^™ ■■■ the year were £721, surplus £82, balance':(n*«; amount brought forward last TP^hjiT Mr. J. of the Bank of Ne* South;».;jgy is president of the * institute, *«&&■; the transactions of the year tad <» ', favourable though quiet., ™evfcW , had to lay a' fajrly7tigh£,b«f « * ;,* outgo of money. After■ .#,ta* fl»'--j and the drought in IW3, there r^«A^; : j mark-able growth of deposits. . posits were the money tamed-out 7-, good harvests growth in deposits had' , growth of advances tble way, and for the; last rears advances had proportion to-' the .Wggi, on until now the <^ n V£.-Tm<s-: exceeded the supply, and tt* g?y bankers had to put a <* e^°*^fe " This year's' j dress the balance to a :. Mr.Frendi. that for some time,_a,toake,*«ll ; on. Never in the have we had such.a low during the last 15 - Adduce rvates have b=en }™Mfs, \ tion. But this .cheap, ?»%&£*-&.) bring about a . speculation is. not ~... with sound ba °f^,"„,: hadb »«iputs»' So a reasohacl? check v) the outgo of speaker. If 'tSa* there was alwayß : ths»^g*;. ;t ij,".. A comparatively rate and causinghioney to ta-«»jS .■*••_■ . ourrenjt accpuht.to, r ; .; :; .|

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TIGHT MONEY. Auckland Star, Volume XL, Issue 78, 1 April 1909

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