BANK ADVANCES RESTRICTED
LONDON, 4th,October. Owing to delay in the proceeds of Australia's exports reaching London, the .Australian Press learns that a considerable demand has fallen on the cash resources of the Australian banks in London, which as a precaiitionary measure are now not negotiating drafts against shipments, except for their own customers. It is understood that this state of affairs is largely due to the greatlyincreased price of commodities, which in some cases are three times their pre-war values. Similar conditions prevail in ■many parts of the world, notably South 'America and the Far East.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19201006.2.50
Bibliographic details
Evening Post, Volume C, Issue 84, 6 October 1920, Page 7
Word Count
96BANK ADVANCES RESTRICTED Evening Post, Volume C, Issue 84, 6 October 1920, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. 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.
Log in