BANKS IN AUSTRALIA
RATIONALISATION PLAN ACCEPTED. SOME BRANCHES TO CLOSE. (By Telegraph—Press Association—Copyright) MELBOURNE, March 3. Under the official plan for rationalising industries, the trading banks decided today to accept the Government’s proposals for closing dispensable branches of banks in suburbs and country districts so that manpower, equipment and premises may be released for more urgent war work. Mr J. J. Dedman, Minister of War Organisation of Industry, said tonight that the banks, at a conference today, had agreed to work out a common plan. Many industries had already been called on to curtail then activities drastically, and the response had been most gratifying the banks were now being asked to do no less by abandonment of their peace time methods of doing business. The Government did not at present contemplate nationalisation of banking, though from some points of view that would be a simpler approach.
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https://paperspast.natlib.govt.nz/newspapers/WAITA19420304.2.29
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Wairarapa Times-Age, 4 March 1942, Page 3
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146BANKS IN AUSTRALIA Wairarapa Times-Age, 4 March 1942, Page 3
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