BUILD UP RESERVES
CENTRAL BANK'S ADVICE
(By Telcgraph-Prees Asst).—Copyright.) SYDNEY, September 8.. ' Reviewing the Australian economic po*K\hf directors of the Commonwealth Bank of Australia, in their hslf-vearly report, strike an optimisUc note, but make suggestions for the •building up of reserves. . ■ ■/■. "Good prices for exports and the flow of money for investment seenv likely to continue in the unme^e future, but the possibility of achek to business activity abroad or in Australia makes it prudent to seize every opportunity to trail* up sterling reserves," they state. The report advises a reduction in Government loan expenditure The bank's half-yearly profitlo June was £768,355, compared with £853,716 for the corresponding period of 1936.
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Bibliographic details
Evening Post, Volume CXXIV, Issue 61, 9 September 1937, Page 12
Word Count
111BUILD UP RESERVES Evening Post, Volume CXXIV, Issue 61, 9 September 1937, Page 12
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