Australia

Stratford Evening Post, Volume XXX, Issue 15, 20 April 1916, Page 5

Australia

REMARKABLE BANKING AVERAGES.

[Unttku Prkss Association.] (Received 8.35 a.m.) Sydney, April 20. A feature of the New South Wales banking averages is the expansion of non-interest-bearing deposits. A year ggo the interestMjearing exceeded the current accounts, while now there are seven and. .a-hglf .".millions',! less ; than the current accounts. . A proportion of t|ie cash which was under twenty per (jent; iten years, ago poiy .stands fat; I POSSIBLE .RELIEF OF jTONNACE. | (Received 8.35 a.m.) ! ;-Hf IVR ■ ' It is understood that the shortage of tonnage will be somewhat relieved by a number of Russian ships coming from Vladivostock to load wheat for Europe. i « 4 v .» <> v 'fi , r rr,, NEW AUSTRALIAN DIVISION. i (Received 8.35 a.m.) I . Sydney, -April .20.,. : Senator Pearce (Minister of Defence) considers that Australia is of supplying another new: .divi-, s)on ; f<jr fhie • li’ont' keeping! ‘ftp 1 (the reinforcements. He believed that the ’ca^^iaign f Vlill* be the ' crucial point ; and in that ease a ne\y division planted in the right ip-late 'at the time would mean a great thing..