NATIONAL BANK OF AUSTRALASIA
Net income of the National Bank of Aus- ( j tralasia, Ltd., for the year ended 31st March, shows only avery light decline ou that for the.-prececling 12 months. After (meeting expenses, 'including £121,739. for , income, land, and note taxes, the net profit is £655,134, which compares with £059.278 for 1928-29, "■ and £640,401, for 1927-28. Expenses amount to £848,051, against £817,815 in the previous year. Taxation again absorbs a large.sum, namely £121,739, although it falls a little below that of 1928, when £124,908 was required for this purpose. As £157,773 is brought forward," there is available £812,907. Dividend .for. the twelve months is maintained at. 10.per cent., and requires £500,000. A siim of £100,000 is transferred to the reserve,- increasing it to £3,200,000. To the reduction .of the book value of bank premises £50,000 is: applied, and £162,907 is carried forward. . •
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Bibliographic details
Evening Post, Volume CIX, Issue 123, 27 May 1930, Page 12
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144NATIONAL BANK OF AUSTRALASIA Evening Post, Volume CIX, Issue 123, 27 May 1930, Page 12
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