BANK OF NEW SOUTH WALES.

New Zealand Mail, Issue 1184, 9 November 1894, Page 40

BANK OF NEW SOUTH WALES.

Sydney, October 31. The half-yearly meeting of the Bank of New South Wales was held to-day. The balance-sheet showed a net profit of .£78,600, which, together with the undivided amount of last year, gives £100,251 for division this .year. < The directors recommend the payment of a dividend of 9 per cent., and the carryingforward of £21,700. . .

The paid -up capital is increased to and the reserve fund increased to J 625,800. The chairman stated that the slightly reduced dividend was due to the large amount of coin at low interest* but the liquid assets in the form of British Government secuities on hand at the present time were in turn due to the board deeming it desirable on account of depressed times to allow the reserve to accumulate beyond the apparent necessities of the case. Stdnet, November 1. Eye-witnesses of the Redfern railway accident give heart-rending accounts of the sufferings of those rescued. Skin was hanging in strips from their faces and han<Jls« The most serious cases were those of people who had inhaled the scalding steam. Tracheotomy was performed in several instances. Pearce, the driver, had his lower extremities parboiled, and succumbed. Messrs G-uodling, Grainger and Sommerville, three of the passengers who were injured, died this morning. Four others are not expected to recover. The engine was travelling with the tender first, and the driver and fireman acted heroically and stuck to their post with certain death staring them in the face. It is now evidently clear that the driver Of the Goulburn train mistook the signal given to the engine lying on the siding as the signal intended for him , Messrs Berry and. McKenzie are the latest^'victims to the Redfern Railway collision. This makes the number of lives lostior ■