PROPOSAL OPPOSED
Nationalisation of Banks MR. McKENNA?S REASONS London, January 24. At the Midland Bank meeting, Mr. R. McKenna, who presided, referred to the proposal to nationalise banks. He said that there was no compensating benefit to be set against the grave evils which must arise if all banking power were concentrated. On the one hand, monopoly would still be monopoly, even though it were under direct State management and control. Replying to an allegation that the banks were making excessive profits, he said he doubted if the dividends paid amounted tb as much as 5 per cent, on the accumulated funds belonging to shareholders.
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Dominion, Volume 28, Issue 104, 26 January 1935, Page 7
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105PROPOSAL OPPOSED Dominion, Volume 28, Issue 104, 26 January 1935, Page 7
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