(hi, Ofmt'Book Bank Advances and Deposits ADVANCES (Amounts lent by the Banks to customers): In the first period of the depression the trading banks of New Zealand provided increased accommodation for their customers by extending their advances, thus cushioning the shock of the first impact of the slump. As trade languished, the effective demand for bank loans fell away as shewn by the figures for 1932 onwards. DEPOSITS (Amounts deposited with the Banks by customers): Throughout the depression, public confidence in the soundness of the Banks has been maintained, and when other safe and profitable outlets were restricted, bank customers allowed their funds to accumulate in the safe keeping of the Banks. Business conditions, not arbitrary action by the Banks, are responsible for fluctuations in Bank advances and deposits. —lnserted by The Associated Banks of Neui Zealand.
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https://paperspast.natlib.govt.nz/newspapers/ODT19351022.2.30.3
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Otago Daily Times, Issue 22708, 22 October 1935, Page 6
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137Page 6 Advertisements Column 3 Otago Daily Times, Issue 22708, 22 October 1935, Page 6
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