AUCKLAND NEWS.
[Peb Press Association.] AUCKLAND, Feb. 3. The annual report of the Auckland Savings Bank shows that, though a numbei of old accounts were closed, there is a gain of nearly one thousand additional , accounts. The withdrawals exceeded the deposits during the year by .£15,032, but the added interest to open acoounts, , £21,931, gave a net gain upon the year's , transactions to the credit of depositors oi , nearly £7000. On Jan. 1 the depositors j had £572,261 to credit, while to this large j amount had to be added £30,000 as s ' reserve fund, £10,000 as an investmenl ; fund and £4397 to credit of profit and lose : account; so that the bank at the above date had funds in hand amounting tc £556,658— more than £44.000 in excess oi '. the total indebtedness to depositors, ' Hitherto the rate of interest paid by this { institution haa been 5 per cent, but it U understood that before the present yeai Jias run its course it is probable that thie rate will be reduced at least one-half pet cent. Feb. 4. \ The French warship Duguay Trouin has left port on a cruise. , Tibbutt, the bankrupt charged with ! attempting to abscond from the colony, ! has been remanded till Feb. 13 on bail.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS18940205.2.49
Bibliographic details
Star (Christchurch), Issue 4867, 5 February 1894, Page 3
Word Count
208AUCKLAND NEWS. Star (Christchurch), Issue 4867, 5 February 1894, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in