RECORD TURNOVER
AT BRITISH BANKERS’ CLEARING HOUSE
Rugby, January 3.
Improvement in trade is the reason generally ascribed for the record turnover of’ money during the past year reported bv the Bankers’ Clearing House. The cheques paid at the Clearing House exceeded those in the previous year by’ £1,725,000,000. llirec main causes, according to the Clearing House inspectors, were “the gradual recovery and expansion of trade in some industries, the large movement of funds in connection with the Government debt conversions, and the -immense turnover of money on short loan market.” Most remarkable has been the growth of banking business in the present century, as shown by the annual increase in clearing from, under £9,000,0(.«,000 in 1900 to over £41,000,000,000 in the past year.—British Official Wireless.
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Dominion, Volume 21, Issue 82, 5 January 1928, Page 9
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126RECORD TURNOVER Dominion, Volume 21, Issue 82, 5 January 1928, Page 9
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