PREMIERS’ CONFERENCE.
FEDERAL BANKING PROPOSALS DISCUSSED.
MR McGOWEN’S VIEWS
Melbourne, January 21
The Premiers’ Conference lengthily discussed Mr Fisher’s savings bank proposals.
Mr McGowen believed the Commonvvealth Bank would be of material interest to the State in their future development. He suggested the Commonwealth bo allowed to have 25 per cent, of the States’ saving banks’ new business, on loan for say five years. Mr Fisher would thereby be able to finance the Commonwealth, and need not establish a Commonwealth bank. The discussion is unfinished, and the Conference adjourned till Monday.
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https://paperspast.natlib.govt.nz/newspapers/STEP19120122.2.26
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Stratford Evening Post, Volume XXXII, Issue 33, 22 January 1912, Page 5
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91PREMIERS’ CONFERENCE. Stratford Evening Post, Volume XXXII, Issue 33, 22 January 1912, Page 5
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