What the Banking Returns Reveal
♦ BIG FALL IN GOVERNMENT DEPOSITS. WELLINGTON, Last Night. The banking returns for the September quarter reveal a further fall in Government deposits and in the demand for free deposits. Government deposits are down by £905,314. Compared with the corresponding - period of last year free deposits have decreased by £4,212,510. Fixed deposits have increased Dy £2,433,288. Government deposits total £2,(394,78(5*; free deposits total £16,590,661; fixed deposits total £34,180,556. Advances have decreased by £1,175,836, the total being £50,224,004. Discounts totalled £709,558 compared with £1,107,061. The note circulation has contracted from £6,039,175 to £5,584,542 and com and bullion totals £6,942.332.
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https://paperspast.natlib.govt.nz/newspapers/HC19311009.2.16
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Horowhenua Chronicle, 9 October 1931, Page 3
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102What the Banking Returns Reveal Horowhenua Chronicle, 9 October 1931, Page 3
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