Commonwealth Bank for Honiara
p. 11 · Read in the full issue
Honiara
AN officer of the Commonwealth Bank of Australia, Mr. D. F. Wiley, will shortly proceed from Sydney to Suva and will then go on to Honiara to open a full branch of the Commonwealth Bank there.
This is the first time that a bank has functioned in the British Solomon Islands —before the war Burns Philp were repre sentatives of the Commonwealth Savings Bank.
It is expected that the branch will open in early July. Savings Bank agencies will be opened at Auki on Malaita. and at Gizo in the New Georgia Group.
The establishment of a full trading bank in the Protectorate will be of immense benefit to planters and traders who have, up till now, had to manage without what is regarded as the first adjunct to commerce everywhere. Residents of BSI have hitherto had to do that business normally transacted through their banks by long-distance methods with Suva and Sydney.