STATE SAVINGS BANK
(Received 10th July, 10 a.m.) SYDNEY, This Day. Under the draft agreement for the absorption of tho Government Savings Bank of New South Wales, it is understood that the Commonwealth Bank is prepared to take over current. accounts and fixed deposits, but will ration depositors in tho State Bank for a brief period thereafter. The Commonwealth Bank is .unwilling to take over.tho debit side of the Rural Bank or Advances to Homes Department, which the State Savings Bank Commissioners will carry on. Only a percentage of the State Bank employees, who oiumber 1760, will transfer to the Commonwealth Bank,
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https://paperspast.natlib.govt.nz/newspapers/EP19310710.2.70.3
Bibliographic details
Evening Post, Volume CXII, Issue 9, 10 July 1931, Page 7
Word Count
102STATE SAVINGS BANK Evening Post, Volume CXII, Issue 9, 10 July 1931, Page 7
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