COLONIAL LOANS.
EMPIRE BANK SUGGESTED. STANDARDISATION OF COLONIAL CREDIT. (Received 10. 8..55 a.m.) London. Nov. !). The "Financial News” advocates the format inn of a Bank of Empire for centralising machinery issuing c ili nia.l loans. If a colony now contemplates borrowing it is practically compelled to acecpt the terms its bank dictates. The Empire Bank’s managers and director:, would be able to standardise colonial credit. STATE BANK MUST END IN DISASTER. The “News” also adds that Mr. Fisher's Commonwealth Bank takes no step in this direct ion. since it is destined to compete with existing institutions and it is almost inevitable that the experiment will end in diaster, for mm-Governmcnt banks are taxed to keep their blundering competitor on its ricketty feet. N.SAV.'S GOOD EXAMPLE. (Received 1”, 8.55 a.m.) Sydney. Nov. io. The State Govf rnment intends to redeem on January 7th next f?2.515i.ioo worth of funded stock carrying 1 per cent. Holders will have the opportunity of re-investing at 3; uer cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HBTRIB19111110.2.36
Bibliographic details
Hawke's Bay Tribune, Volume I, Issue 276, 10 November 1911, Page 5
Word Count
163COLONIAL LOANS. Hawke's Bay Tribune, Volume I, Issue 276, 10 November 1911, Page 5
Using This Item
NZME is the copyright owner for the Hawke's Bay Tribune. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.