COMMONWEALTH BANK
FEATURES OF RETURN
(Received 31st December, 10 a.m.) SYDNEY, This Day. The Commonwealth Bank return shows that the note issue increased by £1,000,000 in the past week to £54,803,000 at 28th December, a total increase in three weeks of £3,000,000, or £500,000 more than a year ago, indicating a freer expenditure during the Christmas season. The assets total £55,299,000, including gold £10,500,000, and debentures and other securities £44,234,000. The ratio of gold to notes is 19.16 per cent. In the banking department the deposits total £48,482,000, money in London £13,795,000, Government securities £28,794,000, short loans and discounts £12.185,000. The ratio of cash to deposits is 12.58. The savings bank deposits throughout the Commonwealth at 30th September totalled £]93,581,000, maintaining the increase which began in July, and as the increase continues the prospects for the j'car are regarded with optimism.
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Bibliographic details
Evening Post, Volume CXII, Issue 157, 31 December 1931, Page 10
Word Count
141COMMONWEALTH BANK Evening Post, Volume CXII, Issue 157, 31 December 1931, Page 10
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