BRITISH BANKING FIGURES
London, Jan. 30. Clearing bank figures at the end of the year break banking records. Deposits for the first time passed the £4.000,000,000 mark, and under the Government’s deficit financing programme are bound to go still higher. The “Big Five” banks’ advances represent only 18 per cent of deposits, compared with 45 per cent just before the war, and the ratio of “quick” assets, headed by Treasury deposit receipts, is 45 per cent., compared with about 30 per cent before the war. However, expert opinion is not unanimous on prospects of largescale expansion of bank -advances after the war, partly because huge liquid resources have been accumulated by industry, especially the larger units, and partly because of the promised excess profits tax refund.
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Nelson Evening Mail, Volume 79, 7 February 1944, Page 3
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126BRITISH BANKING FIGURES Nelson Evening Mail, Volume 79, 7 February 1944, Page 3
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