Union Bank of Australia. EIGHT PER CENT.DIVIDEND.
| UNITBD PRESS ASSOCIATION. I (Received August 2, 11.30 a.m.) London, Ist August. At the meeting of the Union Bant of Australia, a dividend of £1 per share for the half-year, equal to 8 per cent, per annum, as recommended by the directors, was agreed to. Mr. A. Flower, the Chairman, said that when the recent orisis began tho Bank's cash reserve was 25 per cent, of the total liabilities, and it never sank below 2i\ per cent. It had now reached 30 per cent. He paid a high tribute to Mr. Fiulayson, the General Manager, for his action dnring the o-isis, and announced that the directors would shortly recognise his sorviaes in a substantial shape. ■ The Bank had lately acquired niuoa fresh and valuable business.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP18930802.2.12
Bibliographic details
Evening Post, Volume XLVI, Issue 28, 2 August 1893, Page 2
Word Count
132Union Bank of Australia. EIGHT PER CENT.DIVIDEND. Evening Post, Volume XLVI, Issue 28, 2 August 1893, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in