BANK OF NEW SOUTH WALES.

Evening Post, Volume LXVIII, Issue 128, 26 November 1904, Page 5

BANK OF NEW SOUTH WALES.

HALF-YEARLY MEETING. [press association.] SYDNEY, 25th November. , At the half-yearly meeting of the Bank of New South Wales, the net profits were shown at £120,455. A dividend at the rate of 10 per cent, was declared, and £20,000 added to the reserve, which now amounts to £1,370,000. The President, in moving the adoption of the report, referred to the increased prices for products and the improved outlook for 2'astoralists and agriculturists. Throughout the Commonwealth now there were prospects of a moderately good harvest. Business otherwise, however, did not show much sign of improvement. Traders generally complained that business was very quiet. The report was adopted. Sir Norman D. Maclaurin was re-elected, and Mr. H. M. Faithful was elected a director in place of Mr. Mackellar, resigned. REFERENCES TO NEW ZEALAND. (Received November 26, 9.4 a.m.) • SYDNEY, This Day. At the Bank of New South Wales meeting the liquid assets were reported to be £8,654,000— an increase of £700,000 compared with September, 1903. Regarding New Zealand, the Chairman said everything relating to pastoralists appears to be in a very satisfactory state, while for agriculturists the appearances are fair.