SPENDING POWER HIGHER
HEALTHY FINANCES. SHOWN NEW ZEALAND BANK STATISTICS. LACK OF CONFIDENCE APPARENT. By Telceraph.—Press Association. Wellington, Oct. 11. The bank returns for the September quarter disclose healthy monetary conditions, One feature is that the spending* power is higher than a year ago by £729,407. All class o' deposits have increased as compared with the same period of 1923, the total increase being £3.143,061, of which Government monev is £1,170,453.
The increase in fixed deposits is £1,349,277. The aggregate of deposits, excluding. Government deposits,-is £54,568,626, which is the highest of any September quarter for five years. Advances show an increase of over £4,500,000. Figures as a whole are considered satisfactory and show sound economic conditions. The official statement, however, concludes by saying, “There is still apparent a lack of confidence, for which there is really no warrant,”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19291012.2.78
Bibliographic details
Taranaki Daily News, 12 October 1929, Page 11
Word Count
138SPENDING POWER HIGHER Taranaki Daily News, 12 October 1929, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.