No Extension Of Banking Hours
(N.Z. Press Association) WELLINGTON. July 18.
The change to decimal currency next year did not present a case for extended banking hours, the research director of the New Zealand Bankers’ Association (Mr R. O. Smillie) said today. Mr Smillie was replying to
a suggestion that if decimals were time-saving they could enable banks to extend their trading hours. Decimal currency would still present the problem of balancing cash at the end of the day, Mr Smillie said. “Decimal currency will not cut off any time. Bankers will still have to go through procedures,” he said. Bank hours were reviewed “every year or so,” but no review was planned for the immediate future, Mr Smillie said.
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Bibliographic details
Press, Volume CVI, Issue 31115, 19 July 1966, Page 3
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120No Extension Of Banking Hours Press, Volume CVI, Issue 31115, 19 July 1966, Page 3
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