DEPOSITS NOT WANTED
VICTORIAN SAVINGS BANK (Received Jan. 3. noon.) MELBOURNE, Jan. 3. A London cable stated that the agency of the Victorian State Savings Bank has been instructed to refuse deposits, and this is believed to he a nreliminaiv to its closing. The general manager, Mr. Gooch, said it was not intended to close the London agency, but further deposits were not wanted, as the present rate of exchange rendered the transfer of money unprofitable.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17456, 3 January 1931, Page 5
Word Count
76DEPOSITS NOT WANTED Poverty Bay Herald, Volume LV, Issue 17456, 3 January 1931, Page 5
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