CLEARINGS OF CHEQUES
Sharp Rise In
December
Cheque clearings In the four weeks ended December 19 last year totalled £618.3m, or 30 per cent, more than in the comparable period of 1961. Reporting this in a press - release, the research directorate of the New Zealand Bankers' Association says this indicates a “bumper Christmas for retailers.’’
In the four weeks ended January 30 this year cheque clearings totalled £477.8m, a rise of 11 per cent, on the comparable 1962 figure, “reflecting the continued buoyancy of the economy.” Trading bank deposits rose by more than £lom and trading bank advances fell more than £9m in the 12 months ended January 30. At the later date deposits totalled £ 342.1 m and advances £ 187 m. Un exercised overdraft authorities were £ 146.7 m. Total credit limits rose £7m over the 12 months.
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Press, Volume CII, Issue 30057, 15 February 1963, Page 13
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137CLEARINGS OF CHEQUES Press, Volume CII, Issue 30057, 15 February 1963, Page 13
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