BANK OF AUSTRALASIA.
ANNUAL MEETING.
SOUNDNESS OF COLONIAL COMMERCE.
Praas Association.—Electric Telegraph. —Copyright
London, April 5. At the meeting of the Bank of Australasia, the chairman said the institution had mora money than it could profitably invest. In the course of his remarks he dwelt on the extraordinary vitality and soundness of Australian commerce, and alluded to the complete success that had attended the re-con-struction schemes of the various banks that had suspended during the recent financial crisis. The Chairman said the looses in Melbourne had absorbed half the profits. The proportion of reserves to liabilities during the year was about 33 per cent.
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Bibliographic details
New Zealand Herald, Volume XXXI, Issue 9479, 7 April 1894, Page 5
Word Count
104BANK OF AUSTRALASIA. New Zealand Herald, Volume XXXI, Issue 9479, 7 April 1894, Page 5
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