AUSTRALIAN NEWS
NEW ZEALAND SCHOOLBOYS. ROUND OF SIGHTSEEING. SYDNEY, January 14. (Received Jan. 14, at 8 p.m.) The New Zealand schoolboys have returned from Victoria and are engaged in a strenuous round of sightseeing in this State. They visited the Jenolan Caves, the Taronga Zoo, and the Newcastle steel works, where they were entertained royally. The New Zealand Government agent (Mr L. J. entertained them at tea. The boys’ bearing and behaviour have greatly impressed all observers. SAVINGS BANK DEPOSITORS. FULL RELEASE OF MONEY. SYDNEY, January 14. (Received Jan, 14, at 10 p.m.) To-day’s full release of the State Savings Bank depositors’ money, aggregating £50,000,000, revealed that the lack of faith in this institution under New South Wales control had completely vanished. There was no rush of depositors to withdraw their money, and a big staff of paying tellers waited a quarter of an hour after the opening of the Commonwealth Bank before a solitary depositor of the defunct State Bank presented'a withdrawal, slip. The Commonwealth Bank authorities are delighted with the turn that the affairs have taken. Mr E. C. Riddle, Governor of the Bank, declared; “It is quite apparent that the people trust us, as we trust them. We do not anticipate any run on the funds after this.”
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Bibliographic details
Otago Daily Times, Issue 21543, 15 January 1932, Page 7
Word Count
211AUSTRALIAN NEWS Otago Daily Times, Issue 21543, 15 January 1932, Page 7
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