Bank of NSW Expansion
p. 22 · Read in the full issue
in P-NG
THE Bank of New South Wa has a building programme urn way in P-NG which will c £1 million by the time it is cot pleted. (An announcement to tj effect will be found on pages 801 this issue).
The Port Moresby office was cently completed. Staff quarti and offices for Rabaul and Lae now planned. In April, as a meas'J of the bank’s growing activity that area, it was announced tl the New Guinea organisation will! detached from Queensland cont; In future P-NG will be a complet separate administrative div i s i ranking equally with any of Australian States.
The bank, which was establisl 45 years ago in Papua, r has Branches at Port Mores Samarai, Bulolo, Lae, Madang, s Rabaul, and Agencies at Gore Wau and Kokopo. The new adm istrative division will be supervii by Mr. A E. Davis, manager Port Moresby, who will still ret the management of that Branch