AUSTRALIAN BANK

Taranaki Central Press, Volume IV, Issue 443, 26 May 1937, Page 4

AUSTRALIAN BANK

Not Enlarging Scope Of Activity In Dominion Sydtaey, Ml.iy 26. In connection with the purchase by the Bank of New South Wales of addi ional property in Queen Street, Auckland, officials of the bank in Syd_ ■ ney disclaim any intention to enlarge [ the scope of the bank’s activities in i New Zealand by entering the savings ; bank busineiss. • The Sun f!V ites that there is no I concerted move by the trading banks |in New Zealand ‘to exploit further avenues of business fn view of the | loss of exchange profit since the Lai’bour Governmen-t placed -Tie financling of rhe Dominion’s dairy prod'tice i, exports w’xth the Reserve Bank.