THOS. COOK & SON (BANKERS) LTD.
The balance-sheet of Thos, Cook and Son (Bankers) Ltd., which conducts the banking activities of the wellknown travel 6rganisation, is invariably characterised by a high degree of liquidity, remarked "The Times." In the latest statement the current deposit and other liabilities, which are substantially higher at £4,469,910 compared with £4,016,800 a year before, are covered by cash and short-term loans to the extent of approximately 83 per cent. Of the investments, amounting to £641,026, which appear at full market values, the bulk is represented by British Government securities. Total assets amount to £4,806,387, consisting of cash £509,270, remittances in transit £227,590, at call £250,000, bank deposits £2,688,023, British, Indian, and Dominion Government securities £595,205. The published reserve at £125,000 is equal to the paid-up capital, and the interna) reserves are substantial. The business of Thos. Cook and Son is now approaching its centenary.
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Bibliographic details
Evening Post, Volume CXXV, Issue 19, 24 January 1938, Page 12
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148THOS. COOK & SON (BANKERS) LTD. Evening Post, Volume CXXV, Issue 19, 24 January 1938, Page 12
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