THE COMMERCIAL BANK.
[Pkb Press Association.]
MELBOURNE, January 23.
The balance-sheet fov the half-year of the Commercial Bank of Australia shows a net profit of £I,OBO after paying extended depositors 4i per cent, and preference {shareholders 'nil. The extended deposits amount to £5,773,000. Tho bank owes creditors other than extended deposit holders £2,015,000, while its liquid resources amount to £5,087,000. The halfyear has shown an increasing inability to realise securities, but the bnsiuess of the new bank shows an improvement in all linos excepting advances. The re-estab-lishment of confidence is shown by the increase in deposits. The ' Argiis,' commenting on the report, says that tho truth should not be evaded, as the bank will have to readjust terms ,-with the holders of extended deposits, both as regards the rate of interest and tne dates of the repayment of the principal. It considers that a revision should be attempted at any early date.
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Bibliographic details
Evening Star, Issue 9911, 24 January 1896, Page 4
Word Count
152THE COMMERCIAL BANK. Evening Star, Issue 9911, 24 January 1896, Page 4
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