BANK OF N.S. WALES
SYDNEY, May 26
At the half-yearly meeting of shareholders in the Bank of New South Wales it was shown that the profits for the year amounted to £204,373, to which was to be added a sum of £57,342 carried forward from last year. A dividend at the rate of 10 per cent, was declared, £53,265 was placed to reserve, and £62,113 was carried forward. The new capital paid up amount/? to £186,940, making the capital £2,913,820. The chairman stated that deposits—especially fixed deposits—were still on the increase, owing to the general prosperity and the accumulation of money awaiting investments. Bills discounted and loanfe and advances showed an increase of £2,400,000, which - was well spread throughoiit Australia and New Zealand.
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Bibliographic details
Otago Witness, Issue 2985, 31 May 1911, Page 27
Word Count
123BANK OF N.S. WALES Otago Witness, Issue 2985, 31 May 1911, Page 27
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