THE BANK OF NEW SOUTH WALES IN NEW ZEALAND
ADVANCES AND DEPOSITS APPROXIMATELY EQUAL. The Bank of New South Wales, which held its annual meeting in Sydney yesterday, has been established in New Zealand since 1861, and has now sixtynine branches and twelve agencies in the Dominion. Its advances in New Zealand, according to the Bank Returns, were running at about £6,600,000 at the end of the September quarter, as against average total deposits with the Bank in the Dominion of some £6,300,000 during the same period. The same returns show that compared with the figures for the quarter ended on September 30, 1929, the advances of this bank had increased £701,000 during the twelve months, despite a decrease in deposit figures. These are the figures to which the president referred in his speech, when he said that New Zealand has shared proportionately with Australia in the assistance which has been rendered by the bank to its customers during the present trying conditions.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS19301129.2.63
Bibliographic details
Star (Christchurch), Issue 19240, 29 November 1930, Page 9
Word Count
163THE BANK OF NEW SOUTH WALES IN NEW ZEALAND Star (Christchurch), Issue 19240, 29 November 1930, Page 9
Using This Item
Star Media Company Ltd is the copyright owner for the Star (Christchurch). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Star Media. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.