GOVERNMENT STOCKS

Dominion, Volume 29, Issue 274, 15 August 1936, Page 14

GOVERNMENT STOCKS

London Markets Firm By Telegraph—Press Assn.- Copyright. London, August 13. The following table gives Stock Exchange quotations for consols and colonial Inscribed stocks, compared with those of AugustO:- pflcc Variatlon

‘HIGHER NET PROFIT

Commercial Bank of Sydney The report of the Commercial Banking Company of Sydney shows a profit of £298,227 for the year ended June 30 last, which is £34.290 better than the profit of 1934-35. Divdend is 6 per cent, compared with 5 per cent, of the previous year. A sum of £284,341 is absorbed by the dividend, which represents a little more than 3 per cent, on the shareholders' funds (capital reserve and carry forward. in all £9.149,238). A sum of £25,009 is transferred to bank premises account and £110.226 is carried forward, against £121,’339 brought forward. The balance-sheet comparison shows that the demand for accommodation lias increased the requirements of customers causing an expansion of £913,603 in advances and bills discounted. Deposits have not increased in the_' same proportion. the addition being £586.260. Coin, bullion, Australian notes, and cash at bankers in the aggregate are £482,284 lower. A transfer from Government stock to. Commonwealth Treasury bills more than provides for the fall in cash items. The Treasury bills have increased by £585,000. and there has been a decline of £576.000 in Government stock. Total accounts balance nt £60,203.643, which is £545.906 above the total of the previous year. Sir Janies Ashton, the chairman ot directors, speaking at the annual meeting of shareholders, compared the figures of the present balance-sheet and profits with those of 1931-32.' Deposits, he pointed out, had increased from £44.466,000 to £49.777,000. and liquid assets, while showing the same percentage of liabilities to the publie. had increased from £18.952.000 to £21,117.000, equal to 8/3 in the £1 of the bank's liabilities to the public. Bills dsconiited and other debts due to the bank had expanded from £34,643.000 to £37,853,000. The balancesheet total had grown from £54.914,000 to £60.203.000, and profits from £253,865 to £298.227. Berlei Ltd., Sydney Witli a net profit of £26.879. which is £5563 in advance of the profit of the previous year, Berlei Ltd.. Sydney, a company manufacturing foundation garments, has raised its dividend on ordinary shares to 10 per cent, from 8 per cent With preference dividend of 8 per cent., the distribution is £17,756. There wns also paid £1696 as staff profit-shar-ing dividend. A sum of £7OOO has been transferred to general reserve. The balance of £426, which remains, brings the amount brought forward, £2419. to £2845. which is carried forward. The company paid 8 per cent, on ordinary shares in 1934 as in 1935. Profits in 1934 were £21,474. The company lies a large interest in Berlei (N.Z.) Ltd. Base Metals Market liv Telegraph—Press -\ssn. —Coiiyrnrbi (Received August 1-1. S.-I0 p.m.) London, August 13. The official London (middle) quotations for Thursday, as reported by the Australian Jlines and .Metals Association, compare with those previously cabled as fol-

£ s. d. £ s. d. Consols. 24 p.c 85 0 0 same Fund. Loan. 4 p.c. .. 117 15 0 0 .5 ot War Loan. 34 p.c. ... 100 12 6 0 2 6* Conv. Loan. 34 p.c. . 108 0 0 same Victory Bonds. 4 p.c no io 0 same C’wealth, 5. 1945-75 . 110 12 6 0 0 3t C’wealth, 34, 1030-37 . IM 17 0 same (■’wealth, 4. 1934-48 .. 105 10 0 0 2 Of ("wealth. 3-1, 1948-53 . 104 0 0 same C’wealth, 3},'1955-01 . 99 13 9 0 3 9 • C’wealth. 3. 1955-58 . 94 -15 0 0 5 ot N S.W., 34, 1930-50 .. 101 7 6 0 8 9 i N.S.W.. 4J. 1935-45 .. 100 12 6 same Victoria, 3. 1920-49 ... 98 16 3 0 8 Jlv Victoria, 4}, 1940-63 .. 105 10 0 0 3 9* Victoria. 5, 1945-75 .. 110 6 3 fame O’land. 3. 1922-47 ... 98 15 0 0 5 ot Q’land. 5. 1940-90 ... 108 13 9 0 6 ■S. Aust., 3. 1919 (opt.) 87 17 6 same S. Aust., 5. 1945-75 .. 110 7 0 0 2 ot W. Aust.. 4, 1IM2-62 .. 103 1 .> 0 16 37 Tasm.. 34, 1920-40 ... 102 3 9 0 (J 3* Tasm., 4. 1940-59 .... 102 12 (i 0 10 ot N.Z., 44, 194.8-58 107 Ml 0 0 1 3* X Z 31 1940 102 12 0 0 2 Gt X z ’ 3*’ 1945 ........ 100 17 6 0'3 Ot tlligher. •Lower.

lows Aug. 12. Per ton. Aug. 13. Per ton i 'op per— £ s. d £ s. d. Standard, spot . .. as . 8 1} 38 13 11 Ditto, forward .. 38 13 9 38 18 1| Electrolytic .. 42 10 0 42 15 0 to 43 0 0 43 5 0 Wire bars .. 43 0 0 43 5 0 Lead— .. 10 12 0 16 16 3 Fnrwa rd ...... .. 1G 15 0 17 0 0 Spelter— .. 13 7 6 13 10 0 Forward .. 13 12 6 13 15 0 I'in— •fSpot .. 184 0 3 181 8 9 Forward ...... .. 181 5 0 178 5 0 SilverStandard, per oz. . 19!M(kL It) i)-16d. .. 21 l-8d. 21 l-8d. , fAmerican, 42.50 cents a lb.