E.S. AND A. BANK.
The English, Scottish, and Australian Bank, London, reports that gross profits for the year ended 30th June were £1,619,----924, a reduction of £8071 on the net profits of the previous year; with a reduction' of £10,565 in expenses of management and income and other taxes,, net profit at £601,263 is £2494 greater. ' An interim dividend of 5 per cent, free of income tax has already been paid. It is proposed to pay a final dividend of Ih'i per cent., also free of income tax, making the total dividend appropriation £375,000. . To reserve fund £80,000 is allocated, making it £3,----080,000, a sum of £10,000 is devoted to the Bank Officers' Provident Fund, £50,000 is written off bank premises account, and £50,000 is added to the contingency account. A sum of '£36,263 remains, which, added to £277,960 brought forward makes £311,478 to be carried forward.
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https://paperspast.natlib.govt.nz/newspapers/EP19291113.2.139.12
Bibliographic details
Evening Post, Volume CVIII, Issue 117, 13 November 1929, Page 14
Word Count
147E.S. AND A. BANK. Evening Post, Volume CVIII, Issue 117, 13 November 1929, Page 14
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