TRADING BANKS
NO STRANGULATION. PRIME MINISTER'S COMMENT. WELLINGTON, Feb. 1. "Most, hanks appear to come out o2 the 'strangulation' process pretty healthy," the Prime Minister (the Rt. Hon. M. J. Savage) said last evening, when commenting on the statement hy Sir John Davidson, speaking at the annual meeting of the Union Bank of Australia in London, that the trading banks of New Zealand were being strangled. "One has only Io look at the dividends paid by the various banks," he said, "to find there is not much to support the complaint by Sir John Davidson about strangulation.” Mr. Savage said that all the Gov-
ernment wanted trom the banks wa: service that would permit of th: development of New Zealand to th< full and make it possible for the pro ducers of the country in ail lines t< have the benefit of their effort. Sc long as the country got that servici there was no need for any Govern ment to share Ihe worries of the banker.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19390203.2.24
Bibliographic details
Wanganui Chronicle, Volume 83, Issue 27, 3 February 1939, Page 5
Word Count
167TRADING BANKS Wanganui Chronicle, Volume 83, Issue 27, 3 February 1939, Page 5
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. 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 NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.