The Union Bank of Australia
ONE POUND PER SHARE DIVIDEND. (PER PRESS ASSOCIATION.) London, August 1. At a meeting of the Union Bank of Australia a dividend of one pound per share for the half year, equal to eight per cent per annum, as recommended by the directors, was agreed to, Mr A. Flower, chairman, said that when the recent crisis began the bank's cash reserve was 28 per cent of the total liabilities and it never sank l>ol«^^w t^^enty-ioar a.xa.«x <*. Fn*» | f nor cent. It had now reached thirty per oent. He paid a high tribute to Mr Jfinlayson, the General Manager, for his action during the crisis, and announced that the directors would shortly recognise his service in a substantial shape. The bank had acquired lately much fresh and valuable business.
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Bibliographic details
Feilding Star, Volume XV, Issue 28, 2 August 1893, Page 2
Word Count
133The Union Bank of Australia Feilding Star, Volume XV, Issue 28, 2 August 1893, Page 2
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