BRITISH TRADE BANK
FORMATION SUGGESTED
'Australian-New, Zealand Cable Association. • im -n i Uo " t,on i September 23 The Board of Trade i\»mmittee. ■which, investigated Ufa* questbn of financial facilities for trade. recommendsthe establishment of a chartered British Trade Bank with a ci.pital of ten. millions, the Trade Bank tot to interfere with existing hanks cr. financial institutions, hut to fill a gap between tho home hanks and the coldiml, British, and. foreign banks. Tho new institution must ho equipped with an. up-to-date information-bureau- to ascertain new business' openings, etc. nThere are strong reasons for its immediate formation in viow of,the.certainty of the enemy's efforts to regain his position in tho world's commerce and finance after the war, and the possibility that unemployment will ho rife in Great Britain unless new. markets are exploited. Therefore it is desir- . able to ascertain in advance the renuiremonts'of foreign countries and the whereabouts .of raw material for our industries.!
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Dominion, Volume 9, Issue 2885, 25 September 1916, Page 9
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155BRITISH TRADE BANK Dominion, Volume 9, Issue 2885, 25 September 1916, Page 9
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