BANK'S EARNING POWER
Wartime contraction in overdrafts and increase in deposits were major factors in lower profits, said the chairman, Mr. W. Hamilton Hart, at the annual meeting of the Queensland National Bank, Ltd. At the same time, interest rates and avenues of investment were controlled by regulation. The material increase in deposits was mainly part of the vast amounts disbursed by the Government and not returned to it by way of loan and taxation. Liquid assets were 71.1 per cent, and public liabilities, equivalent to 14/3 in the pound, which means a very low earning power.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19430827.2.90.3
Bibliographic details
Auckland Star, Volume LXXIV, Issue 203, 27 August 1943, Page 5
Word Count
97BANK'S EARNING POWER Auckland Star, Volume LXXIV, Issue 203, 27 August 1943, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in