N.S.W. SAVINGS BANK.
SCHEME FOR REVIVAL. TAKING DEFINITE SHAPE. BUSINESS MEN AS TRUSTEES. United Tress Assn.—Elec. Tel. Copyright SYDNEY, August 13. The movement to resuscitate the New South Wales Government Savings Bank is taking definite shape with the announcement, that the Government has obtained the consent of four prominent business men Io act as trustees of the reconstructed bank. It is also believed that upwards of £15.000.000 of London money is on offer from the Midland Bank, but well-in-formed persons think the necessary financial accommodation wiil be arranged locally. The bill for the reconstruction of the bank will be introduced next week.
LATER. NO HELP FROM ENGLAND. A BASELESS REPORT. United Press Assn.—Elec. Tel. Copyright (Received August 14, 9.15 a.m.) LONDON, August 13. The Australian Press learns that the reports that the Midland Bank has offered to assist 111 ■ New South Wales Savings Bank are absolutely without foundation.
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Bibliographic details
Waikato Times, Volume 110, Issue 18407, 14 August 1931, Page 7
Word Count
148N.S.W. SAVINGS BANK. Waikato Times, Volume 110, Issue 18407, 14 August 1931, Page 7
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