Banker’s Advice On Trade Recovery
THE FUTURE BRIGHT United Press Association—By Electric Telegraph.—Copyrigh t. LONDON, Jaii. 26. Mr Reginald McKenna, presiding at the annual meeting of the Midland Bank, uttered a warning against excessive speculation. There was at present no signs of speculative mania developing j u jsrifcaiUj lie said, and for that reason banks should use the opportunity to prevent the possibility. They had powers to restrict credit to legitimate trade and to refuse easy money to speculators. The general recovery in business was not yet ended; though last year’s rate of expansion might not b e maintained there were no signs of the expansion leading to dearer money. The banks had a wide margin of resources a* ailable for advance should greater demands be made on them. The future could be viewed with confidence. World trade promised to recover fu-ther if was maintained^
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Manawatu Times, Volume 62, Issue 23, 28 January 1937, Page 7
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145Banker’s Advice On Trade Recovery Manawatu Times, Volume 62, Issue 23, 28 January 1937, Page 7
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