THE BANKING SYSTEM.
MAY NEED REVIEW. By Telegraph—Press Association AUCKLAND, February 19. Addressing the Auckland Chamber of Commerce at'its annual meeting the retiring president, Mr Malcolm Stewart, said the depreciation of .the New Zealand pound, compared witn the British pound, to the extent of ten per cent., was puzzling the business ccmmunity, and a frank statement, by the Associated Banks would be welcomed. The view was commonly held liiat New Zealand funds in London were being transferred to the cicdit of Australia. If such was the case, our banking system needed review.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19310220.2.81
Bibliographic details
Timaru Herald, Volume CXXXIV, Issue 18807, 20 February 1931, Page 10
Word Count
92THE BANKING SYSTEM. Timaru Herald, Volume CXXXIV, Issue 18807, 20 February 1931, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Timaru Herald. 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.