COMMONWEALTH BANK
A VAST CONCERN.
(United Press Association.— Copyright..) SYDNEY, 13th October... Mr. Kell, ex-goverijpr of the Commonwealth Bank, says that the bank started from nothing in 1912, but its accumulated figures, including the note issue department, is now approximately £150,000,000, while funds in tho Savings Bank alone total £46,000,000. Tina Government loans on-the bunk registry total £409,000,000,, and the interest distributed by the baak annually on these loans totals £21,000,000. Tho bank has floated for the Commonwealth. Government in Australia loans totalling £330,000,000, at an average cost.of Gs per cent., while the cost of floating Australian loans on tho London market is 40s per cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19261014.2.61
Bibliographic details
Evening Post, Volume CXII, Issue 91, 14 October 1926, Page 11
Word Count
106COMMONWEALTH BANK Evening Post, Volume CXII, Issue 91, 14 October 1926, Page 11
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