COMMERCIAL BANK OF SYDNEY
The Commercial Banking Company of Sydney, Ltd., has advised the Stock Exchange Association that the balancesheet and accounts and-; the directors' report for presentation to shareholders on August 13 were issued on Thursday. The directors recommend a dividend at the rate of 7£ per cent, per annum for the past half-year. An interim dividend of 4 percent, was paid on January 26. This, with the final dividend of 3| per cent, now recommended, makes a total distribution for the year of 7| per cent., as qompared with' 7 per cent, last year.
A Press Association 'cable message from Sydney states that the bank shows increased profits for the year of £389,492 compared with £377,454 last year.
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Evening Post, Volume CXXX, Issue 30, 3 August 1940, Page 14
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120COMMERCIAL BANK OF SYDNEY Evening Post, Volume CXXX, Issue 30, 3 August 1940, Page 14
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