GERMAN BANKS IN BRITAIN

Dominion, Volume 11, Issue 253, 13 July 1918, Page 7

GERMAN BANKS IN BRITAIN

' ; TO BE WOUND UP FORTHWITH. ■■■• .■'■■•■■ '" "London," July-; 11. • In the House of- Conimons, Sir George Gave- announced thai tlie .Government was applying to the Courts for the im- . modi-lie winding up of enemy banks, and 1 and was also preparing legislation to 3 prohibit the conduct of enemy banks in fc Britain for a period of years after (he . war.—Aus.-N.Z. Cable Assn. . .BRITISH BANK COMBINE. . London, July 11. ;...The Treasury has approved of the amalgamation of Barclay and Company's Bank with the London, and Provincial [ and South-Western Bank. It is pointed out that the joint undertaking; will control current, fixed deposit, and other accounts amounting to 212 millions.—Aus.- ' N.Z. Cable Assn.. 1 Beforo their amalgamation tho posi- ! tions of the. individual institutions were ! as follow:—London and Provincial: I Capital and reserves JS.IM.OOO, deposits ! and Current accounts, 36,387,378; undivided profits, XWS.SIS; branches,' 231. j London and South-Western: Capital 1 and reserves, i£2,550,C00; deposits and ' current accounts, ■ J;38,66-J,l-18, undivided ■ profits .£130,891; branches, £02.- ■ ' The London and Provincial and the London and'South-Western Banks early in , Ihn year amalgamated, and tho title of. ' the. combination was registered as "The 1 London Provincial and- South Western ; Bank, Ltd." ' Barclay's Bank was formed by- amal- ' gaiuation of. 15 private, banks in 1806. L Subsequently it; absorbed or acquired 12 1 other private or joint stock banks. Barday's capital and reserves as 'at December 31 last amounted, to M,lMM'i, and 'he deposits <C129,0G7,902; acceptances and endorsements, i' 2,151,130; branches, 816. A dividend of 20 per cent, was paid on B shares and 10 per cent, on A shares,' .on December 31, 1917. ■'