While the first function of the banks is to guarantee the. security and preserve the stability of‘the comniercfal machine, a second and scarcely less important function is to ein courage and assist legitimate business expansion by advancing money at reasonable rates of interest. With conditions as they are to-day, the unrestricted exercises of the secopt function will not conflict with the first, :—Christchurch “Sun.”
NEW YORK. June 25. Sailed: For New Zealand, Tort Bowen.
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Hokitika Guardian, 26 June 1928, Page 3
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74Page 3 Advertisements Column 2 Hokitika Guardian, 26 June 1928, Page 3
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