BRITISH FINANCE
INCREASE IN NOTE ISSUE. CHRISTMAS CURRENCY DEMANDS EFFECT OF INCOME TAX DEMANDS. (United Press Association—By Electric Telegraph.—Copyright.) Received December 5, 9.20 a.m. LONDON, Dec. 4. A feature of the current bank return is the increase in the note issue of £4,056,771, whereas in the corresponding period last year, which included an extra day, the amount was double, namely, £8,030,000. It is too early to form an opinion as to the extent of the Christmas currency demands, but appearances indicate the possibility of the withdrawals being re--strained in view of the January income tax demands. Usually from £20,000,000 -o £25,000,000 is withdrawn a few weeks before Christmas and returned to the banks bv the middle of January,
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Bibliographic details
Manawatu Standard, Volume LII, Issue 5, 5 December 1931, Page 7
Word Count
118BRITISH FINANCE Manawatu Standard, Volume LII, Issue 5, 5 December 1931, Page 7
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