UNION BANK PROFITS
BIG DECLINE SHOWN Net profits of the Union Bank of Australia for the year ended February 28 last, according 1 to a cable received by the general manager at Melbourne, were £525,655* The bank’s results and appropriations for the last three years therefore compare as follow: — 1927-28. 1928-29. 1929-30. Br'eht forward 97.93 S 99,404 86,336 I'Cet profits .. 638,966 611,932 525,655 £736,904 £711,336 £611,991 To staff fund 25,000 Npw buildings 50,000 25,000 25,000 Dividend, p.c. 15 15 123 Amount .. .. 562,500 GJO.OOO 500,000 Car. forward £99,404 £86,336 £86,991 A steady increase in the bank’s profits continued until the record of £638,966 was reached in 1927-28. In two years, th<*re lias been a shrinkage of £113,000, and the profit for last year is the lowest since 1921. HAMILTON AIRCRAFT COMPANY A recent Wellington company registration of interest to Auckland was as follows: United Transport Company, Limited, Hamilton, airplane proprietors, carriers of passengers, mails and goods by air, aerial surveyors and importers of and dealers in aircraft and motor vehicles of all descriptions. Capital, £2OO, in £ l shares. Subscribers: Arthur C.~ Lavington, architect, Te Kuiti, 150 shares; Irene Estelle Cowper, Hamilton. *biwe**
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Sun (Auckland), Volume IV, Issue 1035, 28 July 1930, Page 11
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191UNION BANK PROFITS Sun (Auckland), Volume IV, Issue 1035, 28 July 1930, Page 11
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