THE BANK RATES
IMMEDIATE REDUCTION URGED
Dominion Special Service.
Auckland, May 17.
The advantages of an early ’ reduction of the bank rates have persuaded the Council of the Auckland Chamber of Commerce to Join with the Associated Chambers of Commerce in making combined representations to the bankitfg institutions on the subject. Action, it, was stated, had previously been deferred until the banking statistics showed a return to normality. The president (Mr. IL T. Merritt), stated that, in view of the publication of the first quarter’s banking statistics, and in the light of the remarks made at Cambridge by the Minister of Finance (Hon.. V, D. Stewart), there was no occasion for hesitancy, and the Chamber could associate itself with the agitation for an immediate reduction pf.tbe rates’
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Bibliographic details
Dominion, Volume 21, Issue 194, 18 May 1928, Page 11
Word Count
127THE BANK RATES Dominion, Volume 21, Issue 194, 18 May 1928, Page 11
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