“SHORT-SIGHTED”
HAMILTON, April 2. The research director of the New Zealand Bankers’ Association (Mr J. W. Rowe) said in Hamilton today that Waikato opposition to trading bank savings departments “seems rather shortsighted.” “It indicates a' surprising lack of faith in the Waikato Savings Bank, now in its fifth year of most successful operation and with a healthy £7 million of deposits on its books,” he said. “Surely the sensible thing for Waikato now that the local trustee bank js so well
(New Zealand Press Association)
entrenched is to press for trading bank savings facilities so that the supply of funds for house, farm and industrial mortgagee lending and for investment in local body loans is increased still further.” Mr Rowe said the local trustee bank had nothing to fear if it was efficiently run. as the experience of the two trustee savings banks in Tasmania clearly showed. By the end of last year the Tasmanian trustee banks had increased their deposits more than all the trading bank savings banks together.
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Bibliographic details
Press, Volume CIII, Issue 30406, 3 April 1964, Page 3
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170“SHORT-SIGHTED” Press, Volume CIII, Issue 30406, 3 April 1964, Page 3
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