CENTRAL BANKING.
CASE FOR THE BANK. AN EXCELLENT SUMMARY. EMPIRE ECONOMIC UNIT. United Press Assn Elec. Tel. Copyright. LONDON, Sept. 16. The writer of the banking notes In the Trade Supplement of the Times says: “Mr. J. G. Coates’ explanatory articles form an excellent summary •of the case for central hanking, with particular reference to the 'conditions in New Zealand. Apparently, one of the grounds on which the Reserve Bank Bill has been criticised in the Dominion is that through a central bank New Zealand’s monetary system would be placed under the domination of the Bank of England and other outside influences. But co-operation is very 'different from domination, and cooperation between the Empire central banks is the goal which has long attracted all who are anxious to see the Empire welded more Closely into an economic unit.”
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Bibliographic details
Waikato Times, Volume 114, Issue 19053, 18 September 1933, Page 8
Word Count
138CENTRAL BANKING. Waikato Times, Volume 114, Issue 19053, 18 September 1933, Page 8
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