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The Pamphlet Collection of Sir Robert Stout: Volume 71

Banking

Banking.

English money is used throughout the Colony. Money can be transmitted to the Colony from the "United Kingdom through the Post Office by money order. Larger sums can he sent by means of drafts, which can be obtained at any bank here. The principal banks, with their London addresses, are:—

The Bank of New Zealand, bankers to the Government, and to the New Zealand Shipping Company, I, Queen Victoria Street, E.C.

National Bank of New Zealand (Limited), 71, Old Broad Street, London.

Colonial Bank of New Zealand, 92, Cannon Street, E.C.

Bank of New South Wales, 64, Old Broad Street, E.C.

Union Bank of Australia (Limited), I, Bank Buildings, London.

Bank of Australasia, 4, Threadneedle Street.

All these have branches in the leading towns of New Zealand.

There are some 300 post office savings banks, and a few others. Interest is allowed at 4½ per cent, up to £200, and 4 per cent. from £200 to £500.