A FLOURISHING BANK.
By Telegraph—Press ‘Association—Copyrigh Received 1.16 a.m., May 24.
London, May 23. At the half-yearly meeting of the Bank of New South Wales the net profits were shown to be £132,800. A dividend of 10 per cent per annum was declared. Thirty thousand pounds were added to the reserve, £S OOO to the officers’ provident fund, and £16,270 was carried forward. The chairman said the large all round inorpaso of deposits could be ascribed to the improved condition of the various producing industries. The outlook was promising. Ihe reserve fund was now £1,400,000. Mr G. K. McKollar was elected director in place of Mr K. M. Faithful], who has resigned.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19050524.2.22
Bibliographic details
Gisborne Times, Volume XVIII, Issue 1462, 24 May 1905, Page 2
Word Count
112A FLOURISHING BANK. Gisborne Times, Volume XVIII, Issue 1462, 24 May 1905, Page 2
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in