FINANCE AND COMMERCE.

Poverty Bay Herald, Volume XXIII, Issue 7542, 24 January 1896, Page 3

FINANCE AND COMMERCE.

London, Jan. 23. ''The trosl market continues firm at an advenes' inprtaes. ■ J Brisbane, Jan. 24. The naif-yearly report of the Queensland Bank allows the net profits to be £13,000, jwhich/'With 1 .the profit of last half-year, make j64i),000 : for the year. After paying A dividend of 3 percent., £36,000 hao been carried forward. Melboubne, Jan. 23. TheToalance-sheet for the half-year of the Commercial Bank of Australia shows a net profit ,oi, J6IOBO, after paying extended depositora^ .per. cent, and preference shareholders nil. The extended deposits amount (to £3,773,000. The bank owes creditors, other *than * extended deposit holders, ■£2/MUs#QD|.\«hile, its liquid resources total £5,087,000. The half-year has shown an increasing inability to realise securities, but the business of 'the new bank shows an improvement in all lines excepting advances. The establishment of confidence is shown by the increase of deposits. The Argus, commenting on the report,' states that the truth i3hoaldflot.be evaded, as the bank will have <to r«a4friat' the- termß with the holders of •extended deposits, both aa regards the rate of interest' and dates of repayment of principal: It considers that the revision should bo attempted- at an early date.