BANKS v. BUSINESS
A. serious charge is brought against the banks by the British Electrical and Allied "Manufacturers' Association (states the London Daily Express). It arraigns them as the root cause of the depression that during the past six months has spread over the electrical and a host of other industries. Since March, says the association, there has be. n an intense restriction of credit, with the result that many trades have been held back. The stagnation of the home market is thus definitely attributed to the banks and their financial policy. The logger they are the less eagerly do they seem to come forward to help British industry in its hour of opportunity. To the question, Are the banks playing the game? British manufacturers would reply with an almost unanimous No. Prospering banks and dwindling industries are not a combination that can spell health to any nation—least of all to Great Britain.
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https://paperspast.natlib.govt.nz/newspapers/PBH19281213.2.124
Bibliographic details
Poverty Bay Herald, Volume LIV, Issue 16826, 13 December 1928, Page 13
Word Count
153BANKS v. BUSINESS Poverty Bay Herald, Volume LIV, Issue 16826, 13 December 1928, Page 13
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