COMMONWEALTH BANKING PROPOSAL REJECTED.
AN ALTERNATIVE SCHEME
CABLE—BEESS 'ASSOCIATION-^OPYEIGHT.
MELBOURNE, Jan. 22
"The Premiers' 'Conference resolved that it was unable to accept Mr $Ssher's Commonwealth Bank scheme, and adopted the following proposal in lieu thereof:
.:> "That, in consideration of the Comxaonwealth. Bank refraining from entering into the savings bank business, the States agree to supply, on loan to the Commonwealth Bank, a monthly amount equal to 25 ,per cent of the increase in the excess of the deposits over of the State Savings Bank, to operate from January 1, 1912, for a period of five years."
Mr Watt (Victoria) was the only dissentient;' * '
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https://paperspast.natlib.govt.nz/newspapers/HNS19120123.2.65.1
Bibliographic details
Hawera & Normanby Star, Volume LXII, Issue LXII, 23 January 1912, Page 8
Word Count
103COMMONWEALTH BANKING PROPOSAL REJECTED. Hawera & Normanby Star, Volume LXII, Issue LXII, 23 January 1912, Page 8
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