BANK OF AUSTRALASIA
As reported by cable message previously the net profit of the Bank of Australasia for the year ended October 13, was £309,500, compared with £300,960 in the previous year.
The full accounts show that the total of assets has increased from £51,126,417 to £55,846,939. Deposits at. interest are some £1,562,000 larger at £25,174,224, while current accounts have risen from £13,553,470 to £15,601,240. On the assets side of the balancesheet, specie, bullion, Government notes, etc., are shown at £10,055,805, compared with £4,899,822 in the preceding year, and British Government securities at £2,113,057 (unchanged). Australian and New Zealand Government securities and other investments have declined from £7,365,870 to £6.289,355. Advances on securities and other assets stand at £33,460,837, which shows little change from the figure of the previous year, and bank premises are some £lOO,OOO larger at £667,710.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19380414.2.91.1
Bibliographic details
Wanganui Chronicle, Volume 80, Issue 88, 14 April 1938, Page 11
Word Count
139BANK OF AUSTRALASIA Wanganui Chronicle, Volume 80, Issue 88, 14 April 1938, Page 11
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.