COMMONWEALTH BANK
ITS RAPID GROWTH
(By Sleoi-rlo Telegraph.—Copyright.) (Australian A N.Z. Cable AHDoe.iatlon.)
(Received l3lb Oct., 11.55 a.m.) SYDNF.Y This Dav
Mr Kell, ex-Governor of tlio Crnininouwcalt.h Rank, says I lie bank started from nothing in 1912. Us accumulated figures, including the note issue department, are now approximately iJ 150,000,000. Funds in the. .savings bank alone total £46,000,000. Oovernincut loans inn the bank registry total C 409,000,00(). Interest distributed by lh(. bank annually on these. loans totals £21,000,000.' The bank floated for the Commonwealth fSovemineul, in Australia loans totalling £330,000,000 al an average cost of 6s per cent. The rust of (loaiing Australian loans on the 'London market is 40s per rent.
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Bibliographic details
Nelson Evening Mail, Volume LXI, 13 October 1926, Page 2
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112COMMONWEALTH BANK Nelson Evening Mail, Volume LXI, 13 October 1926, Page 2
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