MONEY ON FIXED DEPOSIT.
CONTENTS OF A CIRCULAR.
THE RETURN OF INTEREST.
[BY TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON, Monday.
With reference to the statement made by Mr. II Semple (Labour— Wellington East) in the House of Representatives last week, that he had received a circular from a Wellington bank on the subject of rates of interest on fixed deposit, M r - Semple to-day made public the nature of the circular
The circular, issued from the Commercial Bank of Australia, in Wellington, and signed by E. P. Yaldwin, recommends fixed deposits as a particularly attractive form ol investment.
"Motley deposited under the existing rates," it continues, "assures tho investor of a secure and steady return of interest for the term of tho deposit, and such returr. will not bo subject to any reduction of interest rates that ma/'come into force in the immediate future."
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Bibliographic details
New Zealand Herald, Volume LXVIII, Issue 20930, 21 July 1931, Page 10
Word Count
142MONEY ON FIXED DEPOSIT. New Zealand Herald, Volume LXVIII, Issue 20930, 21 July 1931, Page 10
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