THE MONEY MARKET.
TRANSFER OF BAWRA FUNDS. Arrangements have been completed bj the Commonwealth Bank and the asso ciated banks for the transfer to Australu from London of Bawra funds at pre sent held in that centre. No dividend is payable by Bawra until Novembei next, but by taking action to fix the details of a transaction of such importance wel ahead of the date of distribution, tlieb usi ness can be handled to the convenience not only of Bawra, but of the banks The amount involved is about £4,000,000 and with the matter settled, most of tin affairs of Bawra will have bcci cleaned up preparatory to the payment o funds towurds the end of the year. Tin . agreement also Mill enable the banks tc co-ordinate the business in such a way at to meet the exchange requirements of the country to the. best advantage,
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https://paperspast.natlib.govt.nz/newspapers/AS19270628.2.11.3
Bibliographic details
Auckland Star, Volume LVIII, Issue 150, 28 June 1927, Page 4
Word Count
146THE MONEY MARKET. Auckland Star, Volume LVIII, Issue 150, 28 June 1927, Page 4
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