FULL TRADING POWERS
LARGEST SUGGESTION FOR STATE BANK SYDNEY, August 7.—The reconstitution of the State Savings Bank as a full trading bank is one of the possibilities that are being discussed by the Government, and it is considered probable that this suggestion will be adopted. , . , . This would place the bank In a much stronger position in the matter of earning revenue, and would enable it to compete with the private banks on all grounds. It is hoped that the legislation to provide for the appointment of a board of trustees will be ready next week, and every precaution will be taken to see that men with sound business ability will be appointed to carry on the management of the bank, independent of political control. The successful reopening of trie bank is a matter of extreme urgency to the Government.
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Stratford Evening Post, Volume I, Issue 214, 19 August 1931, Page 8
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139FULL TRADING POWERS Stratford Evening Post, Volume I, Issue 214, 19 August 1931, Page 8
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