Page 8 Advertisements Column 4

New Zealand Herald, Volume XLVIII, Issue 14657, 18 April 1911, Page 8

DEFACING BANK NOTES. rri J_ p_ *• <1 1 .

The defacing of bank notes has become such a common practice that banking institutions have been puzzled to effect a remedy. The public do not realise that under the Banking Act they are liable to a severe penalty tor this offence, and in that connection a reporter in Invercargill waited on a local bank official last week. "The : defacing" of notes has become a serious matter," was the reply, "and in our own office we have to withdraw 3000 notes from .circulation every six weeks, cancel them, and have them taken off the register and destroyed. The public growl at the bank. The officials have not the time or the inclination to deface bank notes, and the * whole of the blame lies at the door of the public themselves. A bank note should last six months from the date of issue, but hundreds of them do not last a month, , and come into the teller's hands once again often in a disgusts ing state. Frequently the notes are endorsed with so-called witty phrases and poetry. With the notes in that state we simply" have ~ not the heart to re-issue \them»" .# v "■ • •.V , • •: . . •••; V... ......