THE RESERVE BANK.
CO-OPERATION STRESSED,
(Special to New Zealand Press Association.) LONDON, Sept. 16. The writer of banking notes in thd Times Trade Supplement says: u Mr Coates’s explanatary articles form an excellent summary of the case for central banking, with particular re-fer-enco to conditions in New Zealand.” _ . The writer continues: Apparently one of the grounds on which the Reserve Bank Bill has been criticised in the Dominion is that, through a Central Bank, New Zealand’s monetary system would be placed under the domination of the Bank of England and other outside influences. But co-operation is very different from domination, and co-operation between Empire central banks is the goal which has long attracted all who arc anxious to see the Empire welded more closely into an economic unit.”
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Bibliographic details
Manawatu Standard, Volume LIII, Issue 249, 18 September 1933, Page 7
Word Count
128THE RESERVE BANK. Manawatu Standard, Volume LIII, Issue 249, 18 September 1933, Page 7
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