FINANCE AND TRADE.

Wairarapa Daily Times, Volume XVI, Issue 5007, 23 April 1895, Page 2

FINANCE AND TRADE.

[Specially compiled for tho' Wairropa Dally Times. ] MONET. Thoro is still a plentiful supply of money, and anything in the jjtore of a safe investment is qufociy snapped up. Loans on good securities, showing a fair margin, aro easily obtained at a very low rate of interest, The Advances to Settlers • Lending Board are putting out the - coin steadily, but red tape bars that promptitude which is so desirable in financial transactions. The Post Office Savings Bank rate of interest on deposits still keeps up, adversely affecting the privato monetary institutions,which show a strong disposition to lower the rates, With a \ plentiful supply of loanable money and a dearth of suitable investments, the Banks find themselves in an unenviable position, and shareholders must expect diminished dividends, The annual balancing period of the Bank of New Zealand and the . National Bank of New Zealand, ' closed on. the 31st alt., but the results of the year's operations will not be known to the public for some time to come, It is a foregone conclusion that the State Guaranteed Bank will havo nothing to among its shareholders, the National Bank, which, if current, reports can be relied upon, has a surprise in store for its propriety, in the shape of an increased dmdend, which, upon this occasion will be, so it is alleged, at tho rate of sis per cent. _ Though a small concern, the National Bank is thoroughly good, having profited by past experience, its affairs have been managed in an _ eminently practical manner, "all wild-cat financing being rigidly barred. The one advantage it possesses lies in the fact of its being a limited liability concern, £5 ' per share being the total liability of the proprietors. The shares are £2 ... 10s paid up, and have been selling ' more freely than usual at £1 Is.