E.S. AND A. BANK
Though gross profit of the E.S. and A. Bank. Ltd., for the year ended June 30 was £111,895 lower, the fall in charges exceeded this amount. Expenses fell by £89,082 and taxation fcy £40,148; consequently net profit, as already reported by cable, increased by £ 18,235. •An increase of £6,387.044 in deposits was due almost entirely to additions to current accounts, resulting from further expansion of credit for war, the report states. Cash items decreased by £2,113,418 because these funds could be employed to greater advantage without detracting from liquidity. A new item, money at call in London. £1,325,000, Is a result. Despite the restrictions on advances, this item increased by £920,216.
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https://paperspast.natlib.govt.nz/newspapers/AS19440207.2.98.3
Bibliographic details
Auckland Star, Volume LXXV, Issue 31, 7 February 1944, Page 5
Word Count
115E.S. AND A. BANK Auckland Star, Volume LXXV, Issue 31, 7 February 1944, Page 5
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Acknowledgements
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