BANK'S HIGH DEPOSITS
At the annual meeting In London of the Union Bank of Australia the chairman, sir John Davidson referring to the bank's liabilities, stated that an increase of about £8,750,000, mostly in demand deposits was almost entirely due to expS?sio£ of ""edit, brought about by increased Government expenditure and the depletion of stocks for civil „ Th ® increase in depositors' funds as reflected on the assets side in larger holdlnc* of treasury bills and public securities (each more by some £2,000,000) and by the substential Lncrease of over £5,000,000 in the Item specSj of al Ai?Jfr!.r ePOSl ii h :lh thß Com monwealth Bank of £S ™ stOO S at the hi « h flsmo with these items totalling some it would be seen that the abnormally accentuated? Uquldity of the bank had been
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Bibliographic details
Auckland Star, Volume LXXV, Issue 63, 15 March 1944, Page 3
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133BANK'S HIGH DEPOSITS Auckland Star, Volume LXXV, Issue 63, 15 March 1944, Page 3
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