BANKING FIGURES SHOW INCREASED SPENDING POWER.
SEPTEMBER DEPOSITS HIGHEST FOR 5 YEARS. Per Press Association. WELLINGTON, October 11 The bank returns for the September quarter disclose healthy monetary conditions. One feature is that spending power is higher than a year ago by £720,107 All classes of deposits have increased as compared with the same period in 1028, the total increase being £3,143,901, of which Government money is £1,170,453. The increase in fixed deposits is l £1,349.277. The aggregate of deposits, excluding Government, is £54 508,903 which is the highest of any September quarter for five years. Advances show an increase of over £4,500,000. The figures as a whole are considered quite satisfactory and show sound economic conditions. The official statement, however, concludes by saying ■ “There is still an apparent lack of confidence for which there is really no warrant.”
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Star (Christchurch), Issue 18887, 11 October 1929, Page 1
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139BANKING FIGURES SHOW INCREASED SPENDING POWER. Star (Christchurch), Issue 18887, 11 October 1929, Page 1
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