BANK OF NEW SOUTH WALES.
(Bx Electric Telegraph—Copyright.)
(Pee Press Association.)
SYDNEY, May 24. At the half-yearly meeting of the Bank of New South Wales the net pi'ofits for the half-year were shown to be £183,938, which, with the undivided balance from last half-year, gives £229,043 for distribution. A dividend at the rate of 10 per cent, was declared, £40,000 added to the reserve, £5000 to the Officers' Provident Fund, and £49,643 carried forward. The chairman stated the past year had been a good one for Australasia. The export trade had shown great activity, and the import trade had not shown any undue expansion, but had evenly kept pace with requirements. In New Zealand the tendency to inflation, to which reference was made last , year, has been checked, and the position was much improved. It gave no cause for anxiety. The colony was prosperous, and the bank's business had been conducted on reasonably conservative lines.
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Bibliographic details
Manawatu Standard, Volume XLI, Issue 9221, 25 May 1910, Page 3
Word Count
155BANK OF NEW SOUTH WALES. Manawatu Standard, Volume XLI, Issue 9221, 25 May 1910, Page 3
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