BANKING PROFITS.

Auckland Star, Volume LXVII, Issue 184, 5 August 1936, Page 4

BANKING PROFITS.

COMMERCIAL OF AUSTRALIA. HIGHER NET EARNINGS. The Commercial BanTc of Australia, Ltd., reports a net profit of £234,450 for the year ended June 30, compared with £228,458 the previous year, and £209,154 for 1933-34. Ordinary dividend is unchanged at 5 5-6 per cent (2% per cent interim, 3 1-3 per cent final), and requires £116.666. Preference dividend of 4 per cent requires £84,694, and £25,000 is allocated to reduction of "bank premises (against £20,000 the previous year). Against £90.810 brought forward, £05,930 is carried forward. l'enr ended June 30, 1935. 1936. Net profit 225.458 23-1,450 To reduction of bank premises 20,000 25,000 To dividend, 4 p.c., pref. shares 84.094 S-1,094 Dir., ord., p.c 5 5-6 5 5-0 Div., ord., amount . 116,1j00 110,666 To carry forward .. 90,510 98,930 LIABILITIES. Capital— Preference 2,117,350 2,117,350 Ordinary 2,000,000 2,000,000 Reserve fund 2,000,000 2,000,000 Exchange adjustment reserve 250,000 250,060 Notes in circulation 19 780 14,980 Bills payable 1,192,315 1.291,292 Deposits 24,850,534 25,803.000 Due to other banks 2,629 15,336 ASSETS. Cash items 3,299,966 3,437,657 Money at call and short. notice in London 150,000 125,000 British War Loan c „ Stock 201,191 201,191 short-dated Commonwealth Treasury • „ llills 1,755,000 2,440,000 Government and municipal stocks 2,426,630 2,500,277 Bills receivable in London 1,242,052 1,450,113 Notes and bills of other banks 265,042 131,033 Due from other j banks 12,253 9 - >01 Advances 22,100,325 22,211,474 Premises 1,104,315 1.175.430 /fmn 1 i™ deposits have increased by I ±.1,010,132, an increase of £1,109,923 in 1 the current accounts of private depositors 1 i'Voo ?e "« off . SC , t sl 'S htl - v 'v a fall of ! £109,J58 in fixed deposits held on Govern- : ment account. Private fixed deposits . show an increase of only £183,107. i Advances are higher by £111,149, but ' there lias been a fairly substantial addi- i tion to the holding of Commonwealth I irs a - S Aoo ' th have increased by £680,000. !