NO RUN ON BANK

Dominion, Volume 25, Issue 94, 15 January 1932, Page 11

NO RUN ON BANK

Lang’s Control Ended; Trust Restored. DELIGHTED GOVERNOR By Telegraph—Press Assn. —Copyright (Rec. January 14, 8.30 p.m.) Sydney, January 14. To-day’s full release of the State Savings Bank depositors’ money, aggregating £50,000,000, has revealed that the lack of faith in this institution under the New South Wales Government's control had completely vanished. There was no rush of depositors to withdraw their money, and a big staff of paying tellers waited a quarter of an hour after the opening of the Commonwealth Bank before a solitary depositor of the defunct State Bank presented a withdrawal slip. The Commonwealth Bank authorities are delighted with the turn affairs have taken. Mr. E. C. Riddle,- Governor of the bank, said: “It is quite apparent that the' people trust us as we trust them. We do not anticipate any run on the funds after this.” x FEWER UNEMPLOYED. Problem Passes Its Peak Sydney, January 14. A statement issued by the Commonwealth Statistician is to the effect that the-returns from trade unions confirmed the conclusion that unemployment had passed the peak and was mending slowly. In New South Wales the unemployed fell from 125,000 in August to 115,000 in September, and 110,000 in October.