THOUGHTS FOR THE TIMES.
BANK RETURNS. r The bank returns for the June quarter are a reflection of the disturbance to economic conditions caused by the fall in prices. A year ago deposits exceeded advances by more than nine \ and a half millions. Last quarter there was an excess of advances of £315,000, so that in the twelve months the position has changed unfavourably to the extent of ten millions. The free deposits are lower than in any June quarter since 1918 and are seven piillions below the figure for 1925,; which was the year before unemployment began to be a serious problem. Advances, on the other hand, are almost a record,, and are higher than in any recent . June quarter. They have risen in 12 months, from £47,407,000 to £54,063,000.
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Hokitika Guardian, 24 July 1930, Page 4
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131THOUGHTS FOR THE TIMES. Hokitika Guardian, 24 July 1930, Page 4
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