BANKING OPERATIONS.
During the discussion of tho Bank of New Zealand Bill in the House of .Representatives on Wednesday, several members, in commenting upon the fact that the Bank had made a profit of £382,531 last year, urged that concessions should be made to the public in the matter of exchange on cheques, reduction- of account charges, and tho payment of interest on deposits. There are not a few who will endorse the opinions expressed in this connection. It has always appeared to be a remarkable feature of the banking business in New Zealand that a client should receive no interest whatever on a current account that may be in credit, but he k charged full measuTO-of interest On any accommodation he may require. Tn England, deposits bear interest whether fixed or current. The Government Savings Bank in this Dominion pays interest on current accounts. Why, then, should not a similar concession be made by the ordinary banking institutions? This is a question that the Chambers of Commerce might do well to ask.
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Wairarapa Age, Volume XXV, Issue 10713, 14 November 1913, Page 4
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173BANKING OPERATIONS. Wairarapa Age, Volume XXV, Issue 10713, 14 November 1913, Page 4
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