BANKING AFFAIRS.
Press Association—By Telegraph—Copyright. Sydney, July 20. The half-yearly report of the City Bank shows a net profit of £10,000, which, added to the balance of last half-year, makes £18,000 available for distribution. It is proposed to declare a dividend of 5 per cent., and carry forward £8000. The cash held by the Bank is 28f per cent, of the total liabilities. The deposits and other liabilities show an increase of £82,600. Melbourne, July 20. The report of the Bank of Victoria shows a not profit for the half-year of £19,800. A dividend of 4 per cent, is recommended on preference shares but none on ordinary shares ; £16,500 will be carried forward. London, July 19. The amended scheme for the reconstruction of the City of Mielbourne Bank proposes to divide equally, half as pe_p_tual""4%er cent, debentures, and the. remainder as income bonds at 2 per cent. Mr Dallas, agent for the Scotch depositors, has sent a cable to Melbourne, asking for the insertion of the changes in the scheme suggested in London, failing compliance he will move the Court.
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Press, Volume LII, Issue 9163, 22 July 1895, Page 5
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180BANKING AFFAIRS. Press, Volume LII, Issue 9163, 22 July 1895, Page 5
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