DOMINION INVEST.
Better Result May Be Held
CN.Z Press Association)
AUCKLAND, Aug. 30.
Present indications were that the Dominion Investment and Banking Association should be able to maintain the improved result of the last year, the chairman, Mr P. Harrison, told the annual meeting today. A side effect of the credit restrictions was increased competition by all trades for the limited capital available for investment, he said. The association’s business was limited to the gross return available from interest earned on first-class mortgage securities.
This, when compared with the gross earnings available to hire purchase and discounting houses, left a narrow margin for offering higher rates of interest to prospective investors.
It was thus difficult to maintain a growth rate in over-all operations, but directors were making every effort to increase funds.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19660831.2.191
Bibliographic details
Press, Volume CVI, Issue 31152, 31 August 1966, Page 20
Word Count
132DOMINION INVEST. Press, Volume CVI, Issue 31152, 31 August 1966, Page 20
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