TRADERS' FINANCE.
Progress on sound lines was reported by Mr. J. B. Macfarlane, chairman of Traders' Finance Corporation. Ltd., Auckland, to the annual meeting of shareholders. In view of the financial conditions now ruling, Mr. Macfarlane said, the directors were adopting a conservative policy. The company had quite as much business as it could conveniently handle and was in the position to make a favourable selection. \The management was congratulated upon the fact that while grots profits had increased substantially expenses were lower.
jections which prove to be more so when they have to be endured." The solution to the present problem, it is suggested, is the task of the Government, the duty of the Reserve Bank being to "carry out the policy of the Government as communicated to it from time to time by the Minister of Finance."
"The Government can, of course, obtain the expert advice of the Reserve Bank authorities in dealing with these problems as they arise."
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https://paperspast.natlib.govt.nz/newspapers/EP19381207.2.131.5
Bibliographic details
Evening Post, Volume CXXVI, Issue 137, 7 December 1938, Page 16
Word Count
161TRADERS' FINANCE. Evening Post, Volume CXXVI, Issue 137, 7 December 1938, Page 16
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