BANK OF N.S.W.
Sydney, November 25. At the half-yearly' meeting of the Hank of Now South Wales the report showed that the net profit amounted to £lo7,l);;S, which wilh £32,088 brought forward, made the total profit of £201,910. A dividend of 10 per cent, was declared. £40,000 was added to the reserve anil £30,010 carriid forward. The Chairman stated that during the year advances had increased by £1,915,000. There had been «. coni sidcrable demand for money for development purposes in New South Wales and Queensland. In New Zealand business had also been very active. Tlie drop in the prices of Australian products had been arrested and the outlook was distinctly more ejcouiiging.
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https://paperspast.natlib.govt.nz/newspapers/TDN19081126.2.19.2
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Taranaki Daily News, Volume LI, Issue 285, 26 November 1908, Page 2
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112BANK OF N.S.W. Taranaki Daily News, Volume LI, Issue 285, 26 November 1908, Page 2
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