COMMERCIAL BANK.

Evening Post, Volume CII, Issue 30, 4 August 1921, Page 6

COMMERCIAL BANK.

The following is an extract from the balancesheet of the Commercial Bank of AustraIft'iia ,to ' JOtU June, 1921:—Paid.-np capital, £2,319,667; . increase tor year, £348,517. Net profit for year, £237,772; increase 'for year,' £34,881,. Deposits,. £15,603,793; decrease for year, £763,344.". Advances, £11,748,336; inprease lor year, £2,113,856. Aggregate asseU and liabilities,. £38,995,740; decrease, £234,038. Tho coin, bullion! and cash items

total £6,918:580, beJnp efiuiit to 14.33 per cent. or the total deposits. The bank is paying . gsusl interim j^&X^SSUS!}BSB&U&-&Jil&.

cent, upon the preference shares, and- 15 per cent, on the ordinary shares, adding £241,658 from profits and premiums on now share issue to capital, and wrttlnp £10,000 off tlio value of bank premises. Thirteen new branches have been opened during the year, the bank vow having J72 branched throughout Australia, New Zealand, ami in London. The bank started in New Zealand, September, 1912, in Wellington. It now has branches in "Wellington, Auckland, Dunedin, Christchurch, Wanganui, Invercargill, Palmerston North, Gisborne, Timaru, and Ne\* Brighton.

The New Zealand Loan and Mercantile Agency CompanjVLtd., reports having held its weekly sale at Levin, on Tuesday in pouring rain and driving uleet. There was an average yarding of sheep and store cattle, but a very large entry of dairy stock and a small offering of pigs. These latter sold very well, bpt sheep were hard to quit at any price. Store cattle, as of late, were neglected, and owing to the large entry of dairy cattle these also were difficult of sale. They quote:—Store pigs, £2 to ,<J2 7s 6; porkers, £3 19s; ewe.hoggets, 8s to 8s 6d; ewes in lamb to Southdown, 11s; forward store cows,. £3 10s; two-year steers, £2 14s: dairy cows, £5 to £14 15s; dairy heifers, £3tp £4 10s.