Bank of New South Wales.
(Per Press Association). Sydney, October 31. At the half-yearly meeting of the Bank of New South Wales, the balance sheet Bhowed the net profits to be ±"84,---740, to which js added _£_1,850 brought forward from the last half-year dividend of 9 per cent declared and £*22,000 carried forward during the half-year. The paid up capital has been increased by _357,000, and was now £1,890,000. The -reserve had increaseo by £14,000, and -was now £1,172,000. The report and balance sheet were adopted. Later. The chairman of the Bank of New South Wales said tbat tbe general business of the institution had so largely* increased, and the Government and other sound investments commanded such high prices, that they had been unable as expected, to decrease the superabundant holding of coin and bullion. The trade prices for produce showed an improvement, but owing to tbe uncertainty of taxation and other causes, capitalists continue their disinclination to invest.
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Bibliographic details
Feilding Star, Volume XVII, Issue 106, 1 November 1895, Page 3
Word Count
159Bank of New South Wales. Feilding Star, Volume XVII, Issue 106, 1 November 1895, Page 3
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