BANK MEETINGS.
Press Association—By Telegraph—Copyright. Melboubne, January IS.
The half-yearly report of -the Bank ol Victoria shows the profits for the six months to ba L20.G00, to which is to be added L1G.500 from the previous half-year. It is proposed to pay a dividend of 5 per cent, on preference shares, and carry L 26.700 forward. The directors decided to continue the policy of strengthening tho *re»eivea instead of diatributiDg the profits, hence no dividends wero paid on the ordinary shares. The bank's gold reserve totals L1.G68.000.
Hobaht, January 18. At the half-yearly meeting of tha Bank of Tasmania the chairman stated that the liquid assets were L 517,000, equal to nearly Gs in the pound of the total liabilities. Owing to the depression thoy could not find profitable investments for their money. Concurrently with the payment of the reduced dividend oE 5 per cent., he eaid there would be a graduated reduction c£ tbe salaries of all officers o. the bank.
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Otago Daily Times, Issue 10572, 20 January 1896, Page 2
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162BANK MEETINGS. Otago Daily Times, Issue 10572, 20 January 1896, Page 2
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