Page 2 Advertisements Column 5

Wanganui Chronicle, 16 April 1949, Page 2

BANK Ol AISTKAI.ASIA “In suite o! U>e tlirml "I niitlonnllsatiun - „ur tnilli in Auslrnlia is unim|Mi>«l. ' siod the ehnirmnn of the Bank nt Australasia. >II. G. c. Gibbs, al the bank's annual meeting in l.ondun. . Mr. Gibbs instanced, us a measure ol confaience, tied the bank had 1 blanches in Australia, as well as fhe new branches in New Zealand. With the nationalisation issue undeeidtd. it was not possible to go on with the plans fur a nii’ig. r with the Union Bank ol Australia Ltd,.'hut negotiations would be resumed as soon as circumstances permitted. It was too early to know the effect ot the 40-hour week on industry, but there weie evidences of a rising price level, and it was feared that the year would show decreased production. Mr. Gibbs said. Capital continued Io How to Australia, however. and even greater industrial expansion might be looked lor.