CABLE NEWS. [by electbic telegbaph.—copybight.] t - . AUSTRALIAN.

Evening Post, Volume LIV, Issue 21, 24 July 1897, Page 5

CABLE NEWS. [by electbic telegbaph.— copybight.] t - . AUSTRALIAN.

♦ THE COMMERCIAL BANKING CO. OF SYDNEY. [PBESS ASSOCIATION."] Sydney, 23rd July. At the half-yearly meeting of the Commercial Banking Company a dividend at the rate of 8 per cent, per annum was declared, and £15,250 was uarriedfi'orward. A sum of £250 was allotted for presenting Mr. Dibbs, geueral manager, with a suitable memento of his 50 years' connection with the ban k, 30 having been spent as manager. The report was adopted. (Received July 24, 10.40 a.m.) Sydney, This Day. The Postmaster-General promised a deputation representing the churches aud temperance bodies that the Government will immediately re-introduce the Local Option Bill. • It is intended ito provide fora general timely notice to the publicans. Good general rains are- falling. The season is favourable, and the crop prospects are good. Melboubne, This Day. Lady Brassey, who had two ribs broken in a riding accident, is steadily improving. (Received July 24, 10.20 a.m.) Melboubne, This Day. The half-yearly report of the Broken Hill Proprietary Company shows the net profits to have been £147,000, of which £144,000 was distributed in dividends. The reserve now stands at £630,000. From ' January next it is proposed to pay dividends quarterly. The half-yearly report of the Commercial Bank of Australia shows profits to the amount of £52,500. It is proposed to pa\ r a 2 per cent, dividend on the preference shares, and add £33,000 "to the special reserve account, and carry forward £6000.