THE COMMERCIAL BANKING COMPANY.
press Association— By Telegraph—CopyrlehD \. Btdnbt, January 25.
At a general meeting of the Commercial Banking Company a dividend of 8 per cent, per annum was deolared, and £14,400 carried forward, in addition to £160,000 paid on the calledup capital due l:o date, and, a further sum of £167,000 paid in anticipation tjf future dates.
The Chairman, speaking with regard to this latter face, said it was a striking comment on the criticisms of some 'finanoial writers, who asserted that the Australian Bank shareholders would be unable to meeto the calls.
He {tainted out that during the last > half-year the Company, had released the whole of the deferred deposits payable in London, and maturing between 1898 and 1903, as well as a considerable -portion of the colonial deferred deposits/ thus reducing the indebtedness under this head by about two millions. . >
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Bibliographic details
Press, Volume LII, Issue 9012, 26 January 1895, Page 8
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143THE COMMERCIAL BANKING COMPANY. Press, Volume LII, Issue 9012, 26 January 1895, Page 8
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