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Wednesday, 27 February 1952


Mr MENZIES - I have no official information of this matter. I observed in the press that the Commonwealth Bank had raised its charge for keeping current accounts to 1.0s. a. half year. It would not astonish mc if the banks generally increased the charge for keeping current accounts from 5s. to 10s. a half-year. After all, the charge has been 5s. for as long as I can remember. It is quite true than an increase of the charge from 5g. to 10s. a half-year can be described as an increase of 100 per cent., but the charge is still a very small item in the banking transactions of this country.







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