THE UNION BANK OF AUSTRALIA, LIMITED.
The balance-sheet of the above Bunk is published in another column. It will bo observed that the liquid resources are as follows: -
Specie on hand and cash balances £4,032,0(K) Bullion in hand and in α-ansini ... 109,00U Money at cull and share notice in London 1,470,000 Bills receivable, loans, etc., London 1,732,000 Investments 1,573,000
Total liquid resources .. £9,416,000 Against liabilities composed of—
Note circulation £470,000 j)eposite 16,383,000 Inscribed stock deposits 750,000 Bills payable and other liabilities 2,434,000
J50,039,000 Showing total liquid and immediately available resource* equal to about 9s fid in the £ of all liabilities.
The total assets, including tho above liquid resources, are £22,g02,513 lGs. A dividend of five per cent, for the halfyear, absorbing £37,500, was declared; £10,000 was applied in reduction of Bank Premises Account, and £24,488 12s 4d was curried forward.
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Bibliographic details
New Zealand Herald, Volume XXXIV, Issue 10412, 9 April 1897, Page 5
Word Count
140THE UNION BANK OF AUSTRALIA, LIMITED. New Zealand Herald, Volume XXXIV, Issue 10412, 9 April 1897, Page 5
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