Bank Advances Increase
Trading bank advances and discounts increased by £3,300,000 to £222,100,000 in the week to August 2, according to the Reserve Bank. The decline over the month to August 2, however, was £500.000.
Trading bank borrowing from the Reserve Bank at August 9 stood at £16.4m compared with £12.6m a month earlier.
Cottee’s Buy.—Cottee’s Ltd., foodstuffs maker, has acquired the £200,000 paid capital of Cahills Quick Freezers, Ltd. As purchase price, Cottee’s has allotted 210,000 5s stock units at a “substantial premium,” ranking equally wito existing stock. H. Berry Div/—Henry Berry, Ltd. interim preference dividend, 2} per cent, payable September 30, ex September 25.
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Bibliographic details
Press, Volume C, Issue 29599, 23 August 1961, Page 19
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106Bank Advances Increase Press, Volume C, Issue 29599, 23 August 1961, Page 19
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