A NIGHTMARE
BANKERS JUGGLE WITH FIGURES
Billions of pounds were juggled on paper by thousands of clerks in. London on the nigut of December 31. in the great end-of-the-year balance cf the big banks which ended at midnight For several days previously suburban and provincial branches of the Big Four of the banking world had been engaged in making their customers’ accounts and balancing their own for head office statements.
Each individual account is “worked,” checked and revised three times to avoid any possible error, and a trial balance takes place for the purpose of discovering a mistake which, overlooked, might result in many weary hours of extra labour at the close of the balance. Sometimes a lost,penny in a branch account causes the whole staff to Lspend a day searching for a careless clerk’s mistake. The last day of the old year is a nightmare to many a hank manager and his staff, and no one is allowed to leave the premises until the “All clear” is given and the balance statement is ready for the post.
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Hokitika Guardian, 22 February 1933, Page 7
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178A NIGHTMARE Hokitika Guardian, 22 February 1933, Page 7
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