BANKING REGULATIONS.

Hawera & Normanby Star, Volume XLI, Issue XLI, 17 December 1920, Page 5

BANKING REGULATIONS.

WELLINGTON, Dec 16. Amending regulations under the* Finance Act, 1916, are published vi the gazette to-night. They extend the' tout of the bank note issue of thebanks fey adding to the total amount, of all coin, bullion and public securities held by each bank (including the amount ot all war loan advances as defined in the Act)., the amount of all wool advances made by the bank, and from time to tune outstanding. The term "wool advances" means such advances on. wool as. a bank may make on separata account: (1) To producers with or without fcj-Qvernment guarantee, or (2) to appro/ed mercantile houses, whose ordinary business includes advances, against wool.