OVERDRAFT RATES. '

Auckland Star, Volume LXI, Issue 220, 17 September 1930, Page 4

OVERDRAFT RATES. '

COST TO INDUSTRY

, In thft course of a reply to views expressed by Labour officials, Mr. C. H. 'HviknU'X, chairman of Australian Assqcirated Banks, claimed that clearness" of credit was due to the Government using it up inHtead of ajlowink it to be available for private purposes. [Mr. Tranter proceeded to deal with another aspect, as follows: — ' i - "What proportion of the cost does Jnterest represent? In the Commonwealth Year Book raw material used in factories U get (lowti at 56.60 per cent, fuel and Jjgbt &33 pet cent, salaries and wages 'MM PUT emt; total, 81.76 per cent. This je%#g# 4jft)y WMpet cent to cover all other '-M&§BssMt iMhi'ling Jntereut and profits. As '.xs#s : 'fflM>tfv< :i -WWli expect their, business fA-rStyfy) ,# J£Mp M W cent Profit, there -jjs fisl* ■.vktyi'fa \fAp ii)Y JnU'i'tiHi and other MM!a^{}i,i»'f : % }* titi'frf'ifz very mislcnd\uif u> ta))< 9-f iiitt'i'/'i?!- «e ii jucaiiß Stf' ffip' M J'ntcreot ,fls ;p tyif £$$ pn Jjje jnatter. , ?