Better Prospects.
[United Press Association.] mi . * Melbourne, This Day. Tho Argus, referring to tho last quarterly junking returns, Bays that they sugeest ,nat the stagnation which has bo Tone :haracterised banking business has at last )een disturbed. Notwithstanding the irevious wound inflicted by the late crisis rpon the colonial banking system, the mpreinacy of the banks is less questioned •han over, largely because nearly every brut of rival institution has been swept
away. The most Btriking feature of the returns la the exceptionally large increase in current accounts, the balances of which during the half-year increased by nearly a million and a half. It certainly appears [ that after a long period of wasting away of its resources the wealth of the colony has again commenced to grow. Progress is slow, but the colony is no longer drifting to leeward. There is {plenty of unused capital to be utilised whenever the onward march is fairly resumed.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM18950422.2.16.3.7
Bibliographic details
Nelson Evening Mail, Volume XXIX, Issue 93, 22 April 1895, Page 2
Word Count
155Better Prospects. Nelson Evening Mail, Volume XXIX, Issue 93, 22 April 1895, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in