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Wednesday, 10 April 1957


Sir ARTHUR FADDEN - Unfortunately - and I emphasize " unfortunately " - several reports along similar lines have been brought to my notice. When I first heard them, I could not believe them, but they are so widespread and so numerous that I take consolation only in the belief that these zealous officers of the Bank of New South Wales are doing something mat has not the approval of the management, the board or high executive officers of that long-established, reputable, worthwhile and deserving institution. I do not know what can be done, but it evidences in any language unfair competition, of which the banks have been so concerned in regard to banking legislation.







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