BANK OF AUSTRALASIA.
LONDON. October,4. Sir C. W. Fremantle, p.-esiding at a meeting of the Bank, of Australasia, said the windfall of recoveries on account of bad and doubtful debts had be«n exceptionally large. Those amounts had been placed to reserve. The returning prosperity of Australia had not increased the business of the banks; the immediate effect had been to render customers more independent of the bank, which • preferred a moderate and safe, if slew, expansion to fostering art undue advance in values by a too ready offer of banking facilities.
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https://paperspast.natlib.govt.nz/newspapers/WAG19071007.2.17.3
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Wairarapa Age, Volume XXX, Issue 8550, 7 October 1907, Page 5
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91BANK OF AUSTRALASIA. Wairarapa Age, Volume XXX, Issue 8550, 7 October 1907, Page 5
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