SPECULATION

Marlborough Express, Volume LIIII, Issue 81, 7 April 1920, Page 5

SPECULATION

ENGLISH BANKS ALARMED,

BORROWING'TO BE CURTAILED,

[phebs association.] Australian and N.Z. Cable Association (Received April 7, 0.35 a.m.) LONDON, April 6._ English banks have become, alarmed at the large speculative investments that are being made, and have decided to curtail customers' borrowing by a close scrutiny of "the proposed investments and requesting 'a reduction of overdrafts. The bulk of tha investments for 1920 have gone inra cotton and shipping shares. Cautious financiers anticipate a reduction of profits in these undertakings. On the other hand, the principal Atlantic companies announce a considerable increase in freights.