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Salient: Victoria University Students' Paper. Vol. 29, No. 14. 1966.

Funny money

Funny money

So The Banks want to cut down overdrafts. How do the companies get the money required? They borrow' at higher rates from the major finance companies. And who's the biggest shareholder in the major finance companies? Why, the banks, of course. Small wonder that the Wellington executive who told Salient this was angry. He'd just had his overdraft limit cutbut the bank politely pointed out where he could get the money from.