COLONIAL BANK.
THE HALF-YEARLY RETORT. Dunedin, Sept. 20. Tho report of tho directors of the Colonial Bank, for tho half-year ending 31st August states that after making various provisions, tho net profit is £12,035 1 Is 3d, to which has to be added £3700 15s sd, the balance from tho previous half pear, making a total of £21,03(5, Gs Sd. Deducting land, income and note tax, £1,05(5 3s lOd, there is available £19,080 2s lOd. Pending the result of the negotiations for the purchase of the Bank, tho directors do not at present intend to deal with the balance, but to adjourn the general meeting on the 25th September to a day in October, by which time the wishes of the shareholders as expressed at an emergency meeting shortly to be called, of which due wptice wil|’be wili lie Jjuqwir I
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Bibliographic details
Patea Mail, Volume VIII, Issue 114, 23 September 1895, Page 2
Word Count
141COLONIAL BANK. Patea Mail, Volume VIII, Issue 114, 23 September 1895, Page 2
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