The average weekly aggregate of Government deposits increased bv 84;.3 per emit. An incifelase of 1.8 per cent was recorded in non-interest-bearing deposits, against a gain of 3.8 per cent in the interest-bearing group.
FEWER BANKRUPTCIES, •fudging bv the number of bankruipteies and private assignments, which must be accepted without de-tail-s of the amount involved, the painful- process of 'liquidating the bad and doubtful (liabilities which were heaped up during the upswing of the recent trad© depression appears tn have been carried out. This is significant as the diminution in the number of commercial failures is generally an important factor in generating confidence.
Fifty-eight bankruptcies and private assignments were recorded for (August, against 75 for July, 1929, and 8L for August. 1928. The cumulative figures for the eight months establish a downward trend, the figures for 1929 showing 564, against 674 last year*
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Hokitika Guardian, 12 October 1929, Page 7
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143Untitled Hokitika Guardian, 12 October 1929, Page 7
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