A RESERVE BANK
THE AUSTRALIAN PROPOSAL
(Received 4th December, 10 a.m.) CANBERRA, This Day. The Select Committee's report on the establishment of a Central Reserve Bank has been tabled in the House of Representatives. The Committee suggests that Parliament should consider the advisability of providing the structure for such a bank along the lines of other countries, which will probably permit easy cooperation with similar institutions. Government's holding is to be limited to onethird,,* the remaining two-thirds to be made.'lip by public subscriptions; dividends should be limited, so that the first aim of the bank should be to build up adequate reserve for service in times of streßS. Shareholders should receive no share of the profits from the note issue. Two-thirds of the directors should be elected by-shareholders, the remainder by the Government.
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Bibliographic details
Evening Post, Volume CX, Issue 134, 4 December 1930, Page 12
Word Count
133A RESERVE BANK Evening Post, Volume CX, Issue 134, 4 December 1930, Page 12
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