Page 3 Advertisements Column 1

Southland Times, Issue 22732, 7 November 1935, Page 3

BANK PROFITS Rise and Fall with the Community’s Prosperity 7.49% 6.80% Profits of Australian 5.26% and New Zealand I; Commercial Banks 3.57% 2.98% 2.73% 1929 1930 1931 1932 1933 1934 The above chart, representing net profits in terms of Capital and Reserves, has been prepared from figures contained in a Memorandum on Commercial Banks, 1929-1934, compiled by the League of Nations. The heavy fall in net profits of the Australian and New Zealand trading banks shows clearly that banks do not reap a harvest from financial "hard times.” The prosperity of banks fluctuates with the prosperity of the community generally. —lnserted by the Associated M Banks of New Zealand

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