THE UNION BANK OF AUSTRALIA.
Press Association.—Electric Telegraph.— Copyright.
London, August 1. Ax the meeting of the Union Bank of Australia, a dividend of £l per share for the half year, equal to 8 per cent, per annum, as recommended by the directors, was agreed to.
Mr. A. Flowers, chairman, said that when the recent crisis began the bank's cash reserve was 28 per cent of the total liability, and it never sank below 24i per cent. It had now reached 30 per cent. He paid a high tribute to Mr. Finlayson, the general manager, for his action during the crisis, and announced that the directors would shortly recognise his services in a substantial shape. The bank had acquired lately much fresh and valuable business.
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Bibliographic details
New Zealand Herald, Volume XXX, Issue 9269, 3 August 1893, Page 5
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125THE UNION BANK OF AUSTRALIA. New Zealand Herald, Volume XXX, Issue 9269, 3 August 1893, Page 5
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