BANK OF AUSTRALASIA.
Press Association. —Copyright. London, October 4,
Sir C. W. Fremantle, presiding at the meeting of the Bank of Australasia, said the windfall of recoveries on account of bad and doubtful debts had been exceptionally large. These amounts had been placed to the reserve. _ The returning prosperity of Australia had not increased the business of the Banks as the immediate effect bad been to render customers more independent of the Bank, which preferred moderate and safe, if slow expansion to fostering an undue advance of values by the too ready offer of banking facilities.
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Bibliographic details
Rangitikei Advocate and Manawatu Argus, Volume XXII, Issue 8941, 5 October 1907, Page 2
Word Count
96BANK OF AUSTRALASIA. Rangitikei Advocate and Manawatu Argus, Volume XXII, Issue 8941, 5 October 1907, Page 2
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