BRIGHT PROSPECTS

Dominion, Volume 10, Issue 2942, 30 November 1916, Page 5

BRIGHT PROSPECTS

FROM THE BANKER'S POINT OF VIEW. By TeleErann-Press Assoeiation-Coipyricht Sydney, November 29. The Chairman of the Bank' of New South. Wales, in his annual address, mentioned that notes in circulation had increased by 86,000 since Septcmbor, 1915, caused by tho expansion of the New Zealand issue. ' Business generally was very active, and another good harvest was promised. Grazing prospects were bright. He urged the necessity, for the steady conservation of resources pending war developments. Of 560 of tho bank's employees who had enlisted, 37 had been killed. In order to meet abnormal conditions, tho board had granted as war measures certain allowances to a portion of tho staff which was feeling the strain, involving an annual expenditure of £22,000. The report and balancesheet, which provided for _ adding £50,000 to the reserve, carrying forward £105,241, were adopted. Sir G. Mackellar was re-elected a director. EMPIRE'S PRODUCTION OF NECESSARIES EXTENSION URGED. Ati6t.ra.lian-Ncw Zealand Cahle Association. (Rec. November 29, 11.35 p.m.) London, November 29. The Union War. Committee has_ recommended an increase in tho Empire's production of necessaries, guaranteeing minimum wheat prices beroro peaco, and after tho war tho largest extension of the cereal area of India, Egypt, and Sudan, and also ia the Dominions by negotiation later. THE PINCH OF HUNGER HUNGARY CANNOT SUPPLY AUSTRIA. Anstrrilian-New, Zealand Cablo Association. Paris, November 28. The "Matin's" correspondent at Zurich states that Hungary has closed her frontiers for the export of food, after refusing the demand of the Austrian Premier (Count Koerber) to give up portion of her provisions to Austria. King Charles supports the Government. Bitter feeling prevails.