MINE DISPUTE
HUNDREDS OF MEN IDLE. United Press Association—By Electric Tel egrapta —Copyrl ght SYDNEY, August 1. At Broken Hill, 550 men are idled at the South mine, because of a dispute between four offsiders to platman operating double decker cages.
RESERVE BANK DISCOUNT RATE FIXED. By Telegraph—Press Association WELLINGTON, August 1. The Reserve Bank, which began operations to-day, announces that until further notice the minimum rate at which it will be prepared to discount or rediscount bills is 4 pier cent, per annum. It is explained that this rate applies only to bills which are payable in New Zealand, and which are covered by Section 13 of the Reserve Bank Act, 1933. Being a minimum rate, it applies only to those eligible bills which are regarded as first-class, for example, a bill bearing the names of one of the other banks, and of one of the principal merchant houses in New Zealand would be so regarded. The Reserve Bank’s discount rate should not be confused with the overdraft rate of the other banks.
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https://paperspast.natlib.govt.nz/newspapers/THD19340802.2.108
Bibliographic details
Timaru Herald, Volume CXXXVIII, Issue 19867, 2 August 1934, Page 14
Word Count
174MINE DISPUTE Timaru Herald, Volume CXXXVIII, Issue 19867, 2 August 1934, Page 14
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