TRADING BANKS
CONTROL REGULATIONS. AN ENGLISH OPINION.
(By Telegraph—Press Association—Copyright) (Received This Day, 11.45 a.m.) LONDON; January 26. Sir John Davidson, speaking at the annual meeting of the Union Bank and referring to the New Zealand and Australian bank control regulations, said that how the regulations would affect the trading banks depended on the 1 spirit in which they were administered. “The net return to the shareholders on their funds in this bank,” he said, “was in the neighbourhood of 2 per cent. I trust the authorities will bear that in mind when considering the imposition of burdens on various categories in the community. With the spread of hostilities in the Pacific , the efforts of New Zealand and Australia had been creditable but still’ greater efforts were necessary.”
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Wairarapa Times-Age, 27 January 1942, Page 4
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128TRADING BANKS Wairarapa Times-Age, 27 January 1942, Page 4
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