SAVINGS BANK AGENCY IN LONDON MAY CLOSE.
' (United Press Assn.—By Electric Telegraph.—Copyright.) (Received January 3, 11.30 a.m.) MELBOURNE, January 3. A London cable states that the agency there of the Victorian State Savings Bank has been instructed to refuse deposits, and this is believed to be a preliminary to its closing. The general manager, Mr Cooch, said that it was not intended to close the London agency, but further deposits were not wanted as the present rate of exchange rendered the transfer of money unprofitable.
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Star (Christchurch), Issue 19268, 3 January 1931, Page 1
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85SAVINGS BANK AGENCY IN LONDON MAY CLOSE. Star (Christchurch), Issue 19268, 3 January 1931, Page 1
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