LATE COMMERCIAL

Evening Post, Volume CXV, Issue 68, 22 March 1933, Page 9

LATE COMMERCIAL

BANK OF AUSTRALASIA

(Received March 22, 2.10 p.m.) LONDON, March 21. Net profits of the Bank of Australasia amount to £254,968. . :

. The Bant of Australasia paid an interim dividend of 3s per share (less British income tax at 5s in the £1) on September 30/1932,'and will pay 4s per share'(less British income tax at Ss in' £1) on March 31,-'making distribution for the year at the rate of 7 per cent. The dividend will be payable in. New Zealand at the current rate of exchange for demand drafts on London. The sum of £169,783 is carried forward. . The dividend has been declared after making a.transfer to the credit of contingency account, out of which account provision for all bad and doubtful debts has been made. :

The Bank of Australasia, b'as-a paid-up capital of £4,500,000; the reserve fund is £2,475,000; the currency reserve account is £2,000,000; and : the reserve liability of the proprietors £4,500,000, making, a total of £13,475,000.