BANK AMALGAMATION.
(Australian and N.Z. Cable AwwciJ'ion.) rrU rr LONDON, JuJy 13. liio Ireasury has sanctioned the aoalfflimation of the London Joint 7 lth J he London City and. Midland Bank. The combined deposits will bo nearly £300,000,000, by far the largest banking institution in Britain.
■The London Joint Stock Bank, according to its last balance-sheet (Den? a P aid -"P J capital of 8/0,000; the uncalled capital sfflounts to £6,930,000, and the reserves iJS. y the shareholders to £9,900,000. The reserve funds amount- * an d undivided profits to -273,928. Its deposit and current »<*°nnts amounted to £57,979,280. v The London City and Midland Bank has a paid-up capital of £5,188,840 ; tne uncalled capital is an equal amount, Md the reserved liability £14,528,752. The deposit and current accounts, on jjjcember 31st last, totalled £220,551,-
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Press, Volume LIV, Issue 16265, 16 July 1918, Page 7
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134BANK AMALGAMATION. Press, Volume LIV, Issue 16265, 16 July 1918, Page 7
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