COMMERCIAL.
BANK OP NEW SOUTH WALES,
The balance-sheet of the Bank of New South Wales for the half-year ended March 31, submitted to the meeting of shareholders in Sydney on, May 26, appears in this issue. According to the speech of the chairman at the meeting, the Circulation has been reduced during- the year by about £22,000, this being duo to the retirement of some £16,000 of the old Australian issue, and a casual contraction of the New Zealand issue. J/he deposits show the large increase of £2,185,000, which is very evenly spread over the whole Australasian business. The coin, bullion, and cash balances, nearly the whole of which are assets, show an increase of nearly £2,000,000. The money at short call in London is £235,000 higher than at March, 1913, this being caused by the more rapid maturity of the seasons wool bills. The aggregate of the immediately liquid assets is increase of £2,900,000 on the year. lhe figures for bills discounted,'loans, and advance, which practically represent the lending business in Australasia, stand at £24,289,406 —a decrease of a little over £550,000 on the year. The position all round is highly satisfactory.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19140609.2.89
Bibliographic details
Evening Star, Issue 15514, 9 June 1914, Page 9
Word Count
193COMMERCIAL. Evening Star, Issue 15514, 9 June 1914, Page 9
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in