COMMONWEALTH BANK.
PROFITS FOR HALF-YEAR.
SYDNEY. Sept. 12. The profits of the Commonwealth Bank for the half-year to Juno 30 totalled £777,751, of which £246,281 came from the general hanking department, £491,275 from the note issue and £40,195 from rural credits.
The total profits, which exceeded those of last year for the similar period by £47.000, are allocated as follows: Half of the general banking profits to the reserve fund, making it £868,808, and half to the national debt sinking fund; half the profits of the rural bank department to its own reserve fund, which becomes £89.668. and half to the development fund, which now totals £67,168. Of the note issue profits, three-quarters go to the Commonwealth consolidated revenuo and one-quarter to the rural credits department's capital account, making it £1,308,292.
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New Zealand Herald, Volume LXVII, Issue 20668, 13 September 1930, Page 11
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131COMMONWEALTH BANK. New Zealand Herald, Volume LXVII, Issue 20668, 13 September 1930, Page 11
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