BANKING GOLD RESERVES.
ADDITIONAL STRENGTH URGED.
LONDON, December 21.
M. Felix Schuster, Governor of the Union of London and Smiths Bank, Ltd., and Vice-President and Chairman of the Council of tbe Institute of Bankers, read a paper at a meeting of the institute on "Our Gold Reserves." He advocated the formation of a second reserve to supplement the Btyak of England reserve, each bank, including tbe Savings Bank, uoutributiug two per cent, on the amount of the liabilities to tbe public, making £12,000,000 in gold whion tbe Bank England would hold, and would only use with tbe permission nf a email Committee ot Bankers. Mr Schuster also advocated that the Banblof England should be empowered to increase its note issue agaiust securities after the bank rate bad reached a certain level.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WAG19061224.2.12.11
Bibliographic details
Wairarapa Age, Volume XXIX, Issue 8318, 24 December 1906, Page 5
Word Count
131BANKING GOLD RESERVES. Wairarapa Age, Volume XXIX, Issue 8318, 24 December 1906, Page 5
Using This Item
National Media Ltd is the copyright owner for the Wairarapa Age. 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 National Media Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in