Untitled

Hawke's Bay Tribune, Volume XVII, 30 November 1927, Page 3

Washington Surtaxes: To a question in the House of Commons as io the position regarding Washington surtaxes in China, Mr G. R. LockerSampson replied: “Washington surtaxes are being levied and paid by all nationalities at all ports, with the following exceptions:—At Shanghai surtaxes on wines and rolled tobacco are not paid by Japanese and Americans, and at Antung and Dairen surtaxes are not paid on goods in the hands of Japanese. The levy of these surtaxes is in accordance with a policy advocated by the British Government in the memorandum of December 18, 1926, and therefore the British authorities in China do not intervene to prevent their payment.”

Bank of New South Wales: The report and balance-sheet presented at a meeting of the Bank of New South Wales for the year ended September 30 last showed net profits, after inductions and various charges £1,226,247. to which is added £171,925, the undivided balance. From this is deducted an interim dividend of 10 per cent, paid for the quarters ended December, March and June last, totalling £515,625, leaving a balance of £882,547. which the directors recommended be dealt with as follows: —■■ Payment of a dividend of 10 per cent, for the quarter ended September 30. absorbing £105,586, bonus of 10s per share, absorbing £185,586, augmentation of reserve fund £240,760, balance carried forward £170,615