TRADING BANK BUSINESS
Cheques Handled Rise 20 p.c.
Cheques totalling about £6oom were handled by trading banks in January, nearly 20 per cent more than in January last year, according to details released by the research directorate of the New Zealand Bankers’ Association. For December the total was more than £9oom, compared with about £6oom in the previous December. Total credit limits fell by £2m during January, but advances rose by £3m, reducing unexercised overdraft authorities by £sm. The term loan and export promotion- funds are now fully committed although not all the money has yet been uplifted. Unless the funds are augmented by fresh releases of trading bank deposits frozen at the -Reserve Bank, repayments will determine the. extent to which new loans can be made.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19640219.2.199
Bibliographic details
Press, Volume CIII, Issue 30369, 19 February 1964, Page 19
Word Count
127TRADING BANK BUSINESS Press, Volume CIII, Issue 30369, 19 February 1964, Page 19
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