THE MACHINE AGE.
(To the Editor.) Sir, —We have heard of the machines that were installed in the Bank oi England whereby 2000 clerks were displaced. The redeeming feature in this case was that the bank gave these late officers the choice of £2OOO down or a sum of money per week for life. Here is a further incident of progress in mechanised banking: A new machine called the *Tncassomat” is in operation in Zurich. It dispenses with tellers and ledger clerks; in addition, it enables customers to pay in at ail times of the day and night. It is like a telephone cabinet; it produces a photographic impression of the deposit, and Ihe deposit is transmitted to a safe within the bank and a punched card recording Ihe transaction is delivered to the attendant. I suggest that local bank officers hold a conference, take time by the forelock, and link up with the currency reformers in the demand for economic security and a national dividend.—l am, etc., ROBOT. Hamilton, July 22.
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Waikato Times, Volume 120, Issue 19946, 24 July 1936, Page 9
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172THE MACHINE AGE. Waikato Times, Volume 120, Issue 19946, 24 July 1936, Page 9
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