BANK OF COMMERCE.

Hawera & Normanby Star, Volume LXII, Issue LXII, 31 January 1912, Page 5

BANK OF COMMERCE.

HALF-YEARLY MEETING

8r CABLE—PRESS ASSOCIATION—COPYRIGHT. SYDNEY, Jan. 30. At the half-yearly meeting of the Australian Bank of v£!ommerce the report showed that after paying interest on j inscribed deposits, there remained a balance of £16,222. A dividend at the -rate of 2-J- per cent, per annum was declared, absorbing £14,850. The balance, £1510, was carried forward. The % chairman stated that during the halfyear the bank redeemed notes of its issue to the value of £50,475. The balance remaining was a negligible quantity. The profits of the banking business were considerably in excess of the previous halfyear, but there had been a falling-off in returns from station properties.. All the New South Wales station properties had been realised at satisfactory pi-ices. /■