CENTRAL RESERVE BANK
£. - A FAVOURABLE REPORT. (Australian Press Association.) SYDNEY, December 3. The Federal Parliamentary Select Committee’s report on the- establishment of a Central Reserve Bank in Australia has been tabled in the House of Representatives.
The committee suggests that Parliament should consider the advisability of providing the structure for such a bank along lines of tbose. in other countries, whim probably would permit of easy co-operation with similar institutions. It recommends that the Government’s holding in the banks should be limited to one third to be made up by public subscriptions.
It also recommends that the dividends should be limited, and that the first aim of the Bank should be to build up an adequate reserve for service in times of stress. It is recommended that the shareholders should receive no share of the profits from the note issue, also that two-thirds of the directors should be elected by the shareholders, and the remainder by the Government.,
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19301204.2.33
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 4 December 1930, Page 5
Word count
Tapeke kupu
158CENTRAL RESERVE BANK Hokitika Guardian, 4 December 1930, Page 5
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in