CENTRAL BANK "A LUXURY."
"The Bill providing the establishment of a Central Bank has now become law," said Mr. G. C. Creagh, chairman of the Auckland Stock Exchange, "and no doubt the prospectus of the new bank will be issued in the near future. I expressed the opinion a year ago that such a bank was a luxury which we could well do without,' and I can only say now that I hope it will prove to be the blessing to the Dominion that its sponsors anticipate. "With regard to the controversy which has taken place aa to the price to be paid to the trading banks for their gold, apart altogether from the question as to whether payment at the standard price is giving a square deal, it cau hardly h p. questioned that the banks should be paid in sterling and Hot in depreciated purrency," ■ ■ • -
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Evening Post, Volume CXVI, Issue 143, 14 December 1933, Page 12
Word Count
147CENTRAL BANK "A LUXURY." Evening Post, Volume CXVI, Issue 143, 14 December 1933, Page 12
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