COMMONWEALTH BANK.
By Telegraph—l'rees Association—Copyriehl Melbourno, November 29. In the Federal House of Representatives the Bank Bill'was considered' in" 'Committee. ... Mr. Fisher, Prime Minister,, has agreed to keep the moneys of the general,banking and the Savings Bank separate. He stated that if the States desired to cooperate the Government would be willing to receive them. , STATE PREMIERS MEET. Sydney, November 29. Mr. Murray (Victorian Premier) and Mr. Watt (Treasurer) have arrived here to confer regarding the Commonwealth Bank Bill. All tho State Premiers regard the proposal for tho establishment of a Commonwealth Savings Bank with alarm, fearing that such a bank would practically abolish the State Banks, which are a, good source of revenue; DISCUSSION IN STATE ASSEMBLY. (Rec. November 30, 1.10 a.m.) Sydney, November 29. In tho State Assembly, during the discussion on tho Supply Bill, tho Federal Bank Bill was severely criticised. Mr. Waddell stated that sixteen millions of deposits were held by the State Government Savings Bank, of which thirteen millions were invested in Public Works. If they wero forced to disgorge to the Commonwealth it would create a serious complication.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19111130.2.63
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 5, Issue 1299, 30 November 1911, Page 7
Word count
Tapeke kupu
184COMMONWEALTH BANK. Dominion, Volume 5, Issue 1299, 30 November 1911, Page 7
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in