UP TO THE LIMIT.
BANK OVERDRAFTS. In Jiis annual statement to proprietors of the Bank of 'New Zealand in Wellington to-day the chairman, Mr. Win. Watson, referring to advances, said: — "There has been an active demand for money, and we have been able to meet all legitimate applications from our own customers. In times like the present, it is necessary to scrutinise all requests for accommodation with the greatest care, not only to guard against the possibility of loss, but also to see that our funds are not feeing used for speculative purposes, or for purposes alien to proper banking. "In the depressed conditions prevailing, we have felt it to be our duty to meet our customers' needs right up to the limit of safety. "All advances on our books have been carefully scrutinised, and, bearing in mind that recovery from the present depression may be slow, all bad and doubtful debts have been amply provided for."
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Bibliographic details
Auckland Star, Volume LXII, Issue 143, 19 June 1931, Page 3
Word Count
157UP TO THE LIMIT. Auckland Star, Volume LXII, Issue 143, 19 June 1931, Page 3
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