COMMONWEALTH BANKS.
ARRANGEMENTS WITH THE STATES. [By Elbotbio T^gbaph-—Copybight] J[UOTTISD PmWS A.BBOOTATIOK. I (Received 9.5 a.m.) Melbourne, May 16. Under an agreement reached by a conference of State 'treasurers, the Commonwealth Bank surrenders its Saving Bank' business, and the States urjderfake to transact their current banking accounts with the Commonwealth Bank, thus ending the previous'competition between th<3 institutions. ' ■Queensland stands out for tin picseiit owing to arrangements with the Queensland National Bank, ar.d Tasmania will also stand out because competition between the Coaacnnwealth and State Banks does 3iot exist. |r The conference discussed the question of; the Commonwealth taking over the State debts, but failed to reach any agreement.'
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Stratford Evening Post, Volume XXXIX, Issue 21, 16 May 1914, Page 6
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109COMMONWEALTH BANKS. Stratford Evening Post, Volume XXXIX, Issue 21, 16 May 1914, Page 6
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