FEDERAL BANK NOTES.

Oamaru Mail, Volume XXXVIII, Issue 10514, 23 July 1910, Page 3

FEDERAL BANK NOTES.

[By Electric Telegraph—Copyright ] (Per Press Association.) Received July 22, at 9.45 p.m. Sydney, July 22. At the half-yearly meeting of tllo Commercial Banking Company th» Chairman, in referring to the Federal note issue, sad the directors considered this a retrograde movement, as it wns against the evidence of the financial experts of all countries. Their bank note would not affect their profit, ns they would save the cost of the notes and two per centum note tax now paid.