A BANK MEETING.
: • NEW ZEALAND FINANCE.
"THE SITUATION HAS BEEN FACED." (BITELEGBAPU—PRESS' ASSOCIATION—COrittIaiIT.) Sydney, May 26. The half-yearly report of the Bank of New South Wales shows the net • profit to ho j5186,000. A dividend of 10 per cent, is declared, and £50,000. is added to reserve. Speaking at the meeting of shareholders, the. Chairman declared that the genoral outlook was favourable. Referring to New Zealand, tho Chairman said a good deal of attention had been directed of late to the Dominion, as viewed from tho financial sido. " There' undoubtedly some tendency to inflation," said the Chairman, "but the situation has been faced, and our advices from that centre lead to the conclusion that' a general policy of caro and economy was being adopted, both in public and private matters, which, if carried out, cannot fail to restore normal conditions." .
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Dominion, Volume 2, Issue 518, 27 May 1909, Page 5
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140A BANK MEETING. Dominion, Volume 2, Issue 518, 27 May 1909, Page 5
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