BANK OF N.Z.
NEW MORTGAGE BUSINESS CREATES INTEREST. (BT CABLB—SEBS3 ASSOCIATION— COFTBIGHT.) (AUSTBALIAS AHD N.Z- CABLB ASSOCIATION) (Received June 21st, 8.65 p.m.) LONDON, June 31. "Financial News," commenting on the movement of snares of the Bank of New Zealand on the Stock Exchange approves of the decision to increase 6apftal. "The proposal to establish a separate department is also good," says the paper, "as the bank is unable to undertake long-term mortgage business without sacrificing liquidity, while the experience of the Bank of New Zealand will enable the new department to press forward business more swiftly and advantageously than an independent concern. "As the British Government is contemplating an institution to assist agriculturists with credit facilities, the development of the New Zealand plan will be followed with close attention in Britain."'
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19260622.2.66
Bibliographic details
Press, Volume LXII, Issue 18724, 22 June 1926, Page 9
Word Count
131BANK OF N.Z. Press, Volume LXII, Issue 18724, 22 June 1926, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Press. 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 Christchurch City Libraries.
Log in