BANK PROFITS.
ENGLISH AND SCOTTISH. INCREASE THIS YEAR. DIVIDEND RATE RAISED. (Received 12 noon.) LONDON, November 13.
Net profit* of £276,126 are *hown in the account* of the English, Scottish and Australian Bank, Ltd., for the year ended Jui; > 30, £18,666 more than last year. Wi.h a balance of £306,787 brought forward there is £582.913 available for distribution. The directors propose to apply £171,085 to paying a dividend, making 7 p*T cent for the year, place £65,000 to reserves, £10,000 to the officers' provident fund, and £30.000 to reduction of the bank premise* account. This leaves a balance of £305,978 to be carried forward.
The following table compare* the r«tllt» of tbt .p*»t two years:— 1936. 1937. £ £ Net profit .......... 287.440 276.129 To reserves 15,000 65,000 To ofllcer* provident fund ..' 10,000 10.000 To premises account .. 25,000 80.000 Dividend* 150,000 171,935 Dividend*, per cent .. 15 7 Carried forward 300,787 305,078
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Bibliographic details
Auckland Star, Volume LXVIII, Issue 271, 15 November 1937, Page 4
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148BANK PROFITS. Auckland Star, Volume LXVIII, Issue 271, 15 November 1937, Page 4
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