CURRENCY AND GOODS
BANK DIRECTOR'S VIEWS Reference to currency and credit was made-by Mr. H. J. Kelliher, managing director of Dominion Breweries, Ltd., also a director of the Bank of New Zealand, appointed by the Government, in addressing shareholders at the annual meeting of the company, held in Auckland yesterday. He is reported as having urged credit regulation. He said the Australian banks, had increased their advances by 60 per cent, over the 1931 basis. The Dominion bank advances should be capable of an increase in like proportion without danger to the country's financial security. There should be definite adjustments of the currency to the prices of goods so that the New Zealand pound would be stabilised in purchasing power and there should be safeguards Against an undue contraction*'-of credit.
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Evening Post, Volume CXXVI, Issue 7, 8 July 1938, Page 12
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130CURRENCY AND GOODS Evening Post, Volume CXXVI, Issue 7, 8 July 1938, Page 12
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