COMMERCIAL.

Grey River Argus, 30 November 1927, Page 6

COMMERCIAL.

Bank of N.S.W.

ANNUAL REPORT AND BALANCE SHEET.

SYDNEY, November 29. The report and balance sheet pre

seut.'d at the meeting of the Bank of N.S.W. for the year ended 30th September last, showed not profits, after deduction for various charges, of £1.226,247, whereto added is £.171,925, the undivided balance. From this is deducted the interim dividends. Ten per cent is paid for tlie quarters ended December, Al arch and June last, totalling £515,625. leaving a balance of £882,547, which the directors recommended to be dealt with as follows: Payment of dividend of ten per cent, for the quarter, ended 30th September, absorbing £105,586; bonus of 10/- per share, absorbing £185,586; augmentation of reserve fund £240,760; balance carried forward £170,615. SURFEIT OF AUSTRALIAN LOANS. ON LONDON MARKET. LONDON. November 29. The “Daily Express’s” city editor states there has been a surfeit of Australian loans in the last few months. The average investor likes to spread his capital and underwriters will not hurry to get rid of the liability, as it is certain that the demand will arise before long. The present discount is merely temporary. GERMAN BRIQUETTES. FROM BRITISH COAL. LONDON, November 29. _ Samples have reached London of German-made trial biquettes, from Morwell coal. On behalf of the L. and X. Company, it is stated that Germany’s only grievance is that it is a’ better briquette than that made from German coal. DUNEDIN, November 29. _ Sales: AVaihi 21s 9d, 21s 8d (2), 21s " ; Upper Nevis 2ts (2). Sales reported: Union Bank (old) £l4 10s. Union n a!lk (new) GOs (prem), New Zealand reweries 425, Dominion Rubber 46s ur|.