JOINT STOCK BANK. HALF - YEARLY MEETING.
[WIKSS AaaOCTAIIQN.I SYDNEY, 29th Januwy. At the half-yearly meeting of the Joint Stock Bank the profits were shown to be £76,631. After providing for interest on fixed deposits and deposit atack, £1166 was U'ft and carried forward. On the Ist, inst., <he Bank paid oil' £260,000 worth of fixed deposits. The current business i.s satisfoctoiy, and improving. The Ohuirmim sUilcd Ihu I an tho reserves wero iuaufljcient to cover losses of tho old blink, which wero believed to be irretrievable, and which were unrepresented by available, assets, tho directors would submit to a subsequent special meeting a proposal to write- down the capital of the Bank.
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Bibliographic details
Evening Post, Volume LXVII, Issue LXVII, 30 January 1904, Page 5
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112JOINT STOCK BANK. HALF - YEARLY MEETING. Evening Post, Volume LXVII, Issue LXVII, 30 January 1904, Page 5
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