BANK BRANCHES CLOSED during World War II:
MORE BANK BRANCHES TO BE CLOSED
Total of 500 branches must close
This month 74 more trading bank branches will be closed, bringing the total number closed to 414.
To reach the required total of 500, 86 more have to be closed.
This was revealed on Saturday by Mr Dedman, Minister for War Organisation of Industry, who said thebanks were last year asked to submit a plan for closing branches in order to release manpower, equipment, and buildings.
Most of the branches being closed were in towns with 2 or more branches.
The original number of banks in Australia before rationalisation was 2,481, apart from the CommonwealthBank.
These were distributed as follows:
Mr Dedman added that it was interesting to compare what was being done in Britain.
The Kennett Committee on Manpower in Banking made an exhaustive survey of the position, and reached the conclusion that release of labour must be sought from amalgamation of separate banks, closing of branches, modification of methods of work, reduction of services rendered, and use of part-time workers.
In all such steps care was to be taken to avoid interference with necessary public service.
Mr Dedman emphasised the similarity of approach in England to that which was being followed in Australia.
Last modified: 18/06/2017 21:46