UNION BANK OF AUSTRALIA

Dominion, Volume 32, Issue 93, 13 January 1939, Page 12

UNION BANK OF AUSTRALIA

Final Dividend Unchanged

The inspector of the Inion Bank of Australia Ltd. has received a cable message stating that the board of directors have declared a final dividend for the year ended August 31, 1938, of 4/- a share, being at the rate of 4 per cent., less United Kingdom income tax at 3/1 in the £1 (the standard rate of 5/6 in the £l, less Dominions relief of 2/5 in the £1). The dividend is payable on February 1 at the current rate of exchange for demand drafts on London at the date of the dividend warrants. Transfer books were closed from January 2 to January 7, both days inclusive. The general meeting of proprietors will be held in London on January 30. Au interim dividend of 3/- n share (equal to 3 per cent.), less British income tax of 3/8 in the £l, was paid on July 27. The distribution for the year thus totals 7 per cent., an unchanged rate. Money Market Rates By Telegraph.—Press Aesn.—Copy right LONDON. January 11. Discount and short loan ratw on the London market, compared with those tor last week, are as follows: —

NEW YORK, January 11. Call money is quoted unchanged at 1 per cent.

Day lo day loams ... Fine trade bills (3 Jan.-1. p.e. i Jan. 11, P.O. mos.) 2| to 3 2A to 3 Bank bills (3 mos.) 9-1(1 9-10 Bank bills (6 mos.) . 3 I Treasury bills (2 11103 1 Treasury bills 13 mos.) 1