THOUGHTS FOR THE TIMES.
A FINANCIAL RECORD. The quarterly returns of the six hanks trading in the Dominion give the following results: Government deposits, £2,864,433; free deposits, £25,730,741; fixed deposits, £29,608,752; advances, £45,175,334; discounts, £1,184,438; circulation, £0,370,892; bullion, £7,262,361. These figures, showing an excess of deposits over advances of approximately £11,750,000, indicate how surplus funds arc piling up in the banks. A marked feature is the steady increase in the proportion of fixed deposits. That they are not invested in industrial or agricultural entciprises indicates that the lack of confidence which ILilo.. .‘d a period of financial dcures siou has not yet been u I hived. —Auckland Star.
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Hokitika Guardian, 22 April 1929, Page 4
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108THOUGHTS FOR THE TIMES. Hokitika Guardian, 22 April 1929, Page 4
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