BANK OF AUSTRALASIA.

Auckland Star, Volume LIV, Issue 95, 21 April 1923, Page 5

BANK OF AUSTRALASIA.

nt-:t I'liiii-iT ri-. TIIIKTEEN Pl.lt CKNT DIVIDEND MAINTAIXI.D. illy Our Speobil Correspondent.l LONDON, March 11. Tbe Bank of Australasia, two or three years ago, increased its capital, and that step is being justified by the increasing |,r„ilts secured. For the past your tbo not lirorlt amounted t,, _ti2U.10.->. us compared wilh £4(10.767 in 1010—tbe year preceding tbo increase in capital. Tbo now regular dividend an.l bonus ~f 13 per coin not is being paid and the position further strengthened. The important hems ~f the .ecunuts are given below:— 11)22. 1021. 1020. Item. £ £ £ Net profit. 020.10.-, 5.55.350 £73,031 Dividend ,11,1 It,>inis IS p.c. IT', p.c. 13 p.c. To rosy.. 100.000 nio.ooo 100.0001 I-'nrwiird 121.80S 121.7.*.:. 14.-i.S7-4 Deposits . 2.-...*(>1.451 2.-..(*t_..lS*iD 27.015.051 Cash )*>.4.-,(>.S!il 0.!«m.413 7.344.210 ! ■short loans 1.821.000 1.718.000 222.000 I n v c s tmeiits 2.430.178 1.700.307 1.847.05 C Hills reeoivlble 3.535.07S I Advances 23.00G.70n 1 27.4.-,S.r,o:t 30.31i3.707 On Ihe assers side of tbe balance-sheet if will he seen that a sliebt decrease in each is more than n(Tso( by larger loans nnd investmoiits. Tbo aggregate of bills and advances, which for last your are sot oil. separately, shows n small contraction, probably as regards the advances, although this cannot bo definitely stated.