Trading Banks’ London Funds
'Per Press Association. —• Copyright.!
WELLINGTON. This Day,
The question of the availability, in the next few weeks, of trading banks’ sterling assets for meeting the second period of import licenses and permits to acquire exchange was mentioned last evening to the chairman of the Associated Banks, Mr R. C. Addison, who made the following statement. —
“The London funds of the trading banks are not mortgaged. The banks are certainly watching them closely, but are continuing to distribute them in the manner which they consider most suitable in the interests of their customers and New Zealand as a whole.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NA19390602.2.18
Bibliographic details
Northern Advocate, 2 June 1939, Page 3
Word Count
102Trading Banks’ London Funds Northern Advocate, 2 June 1939, Page 3
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