RECORD LEVEL
Deposits in British Clearing Banks
ECONOMIC RECOVERY New Zealand Loan Scrip at Premium By Telegraph.—Press Assn.---Copyright (Received July 21, 6.30 p.m.) London, July 20. A striking indication of tiie progress of Britain’s economic recovery is; afforded in (he monthly returns of (lie 10 clearing banks whose total deposits at the end of June reached a record, exceeding £2.(100.000,000 for the first time, (be previous highest figure of £l,m:;;,0()0.000 being in December, 19:12.
Another good sign is the extraordinary success which has attended new capital notations recently, issue after issue having been rapidly over-sub-scribed.
’The appro,■icli of the holiday season had a quietening effect on the Stock Exchange but prices are generally steady. The issue of rhe London Electric Loan of £32,000,000 somewhat diverted investment money from giltedges and their prices declined slightly but its rapid success had a stimulating effect and British funds quickly recovered. Dominion and Home corporation stocks followed their lead, the recently-issued New Zealand loan scrip reaching a premium of 8/9
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Bibliographic details
Dominion, Volume 28, Issue 252, 22 July 1935, Page 9
Word Count
166RECORD LEVEL Dominion, Volume 28, Issue 252, 22 July 1935, Page 9
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