BANK OF NEW SOUTH WALES.
The half yearly report of the Bank of New South Wales shows that this financial institution continues to make steady progress. The profit available for distribution was £172,280, which was dealt with as follows:—To a dividend at the rate of 10 per cent, per annum £110,635; to augment the reserve £30,000; to carry forward the balance of £31,645. The net profit for the half-year was £142,966, as compared with £130.115 for the corresponding period of last year. The paid-up capital of the bank is now £425,400 larger than it was a year ago, and stands at £2 425,400. Some of the most prominent figures of the balance-sheet can be epitomised herewith:—Liabilities: Deposits,, £26,056,302; notes in circulation. £982,704; bills payable, £3,254,518; reserve fund, £1,530,000; assets: Coin and bullion, £6,869,019; money at short call in London, £1,665,000; Government securities, £2,344,273; advances and discounts. £20,311,637.
CABLE NEWS.
United Press Association—By Electric Telegraph Copyright.
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https://paperspast.natlib.govt.nz/newspapers/WAG19071209.2.11.4
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Wairarapa Age, Volume XXX, Issue 8999, 9 December 1907, Page 5
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155BANK OF NEW SOUTH WALES. Wairarapa Age, Volume XXX, Issue 8999, 9 December 1907, Page 5
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