SURPLUS FUNDS
To The Editor
Sir, —In reference to the political question and the various correspondence regarding it I wish to draw attention to the following extract from the report of the Bank of New Zealand for the current year: “Many businesses, which in the period of depression were unable to find satisfactory investments for their surplus funds, placed them on deposit with the banks and have, under expanding trade conditions, since withdrawn them.” This should satisfy many of the critics.—Yours, etc., ELECTOR. June 20, 1938.
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Bibliographic details
Southland Times, Issue 23540, 21 June 1938, Page 4
Word Count
86SURPLUS FUNDS Southland Times, Issue 23540, 21 June 1938, Page 4
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