THE BANK RATE
CHEAPER MONEY FROM LONDON. (Per United Press Association.) WANGANUI, May 5. A New Zealand firm with a branch in Wanganui had occasion to approach its bankers with a view to getting a reduction of interest on overdrafts but the bank could hold out no better promise than 7 per cent. The firm negotiated in London with the result that its requirements have been met at 5 per cent.
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Bibliographic details
Southland Times, Issue 19508, 6 May 1922, Page 5
Word Count
71THE BANK RATE Southland Times, Issue 19508, 6 May 1922, Page 5
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