COMMONWEALTH BANK
FOURTEEN YEARS OF WONDERFUL PROGRESS,
SYDNEY, Oet. 13
Mr Kell, ex-governor of the Commonwealth Bank,-says that the Bank started from nothing,' in 1912. Its accumulated figures, including the note issue department, are now approximately £ 159,666,090. The funds in the savings bank alone total £46. VJ l,0:i ).
Government loans'on the bank registry total £41)9.090,060, and the interest distributed by the bank annuallv 011 these loans totals £21,099,00 j. The Bank has floated for the Commonwealth Government in Australia loans totalling £330,600,000, at an average cost of Gs per cent. The cost of floating Australian loans on the London market is 40s per. cent. — U.F.A.
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Bibliographic details
Gisborne Times, Volume LXIV, Issue 10489, 14 October 1926, Page 2
Word Count
105COMMONWEALTH BANK Gisborne Times, Volume LXIV, Issue 10489, 14 October 1926, Page 2
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