BANK OF NEW SOUTH . WALES.
HALF-YEARLY MEETING.
THE OUTLOOK ENCOURAGING.
United Press Association, CoryßiGitT
SYDNEY, Nov. 25
At the half-yearly meeting of the Bank of New South Wales, the net profits were shown to be £167,928, which with £33,989 brought forward,made the total £201,916. A dividend of 10 per cent was declared, and £40,000 added to the reserve, £36,916 being carried forward. The chairman stated that during the year the advances increased by £1,915,000. There has been a considerable demand for money .for development purposes in New South Wales and' Queensland. In New Zealand business was also very active. The drop in prices of Australian products had been arrested, and the outlook was distinctly more cncouragipg.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/GIST19081126.2.32.9
Bibliographic details
Ngā taipitopito pukapuka
Gisborne Times, Volume XXVI, Issue 2358, 26 November 1908, Page 5
Word count
Tapeke kupu
116BANK OF NEW SOUTH . WALES. Gisborne Times, Volume XXVI, Issue 2358, 26 November 1908, Page 5
Using this item
Te whakamahi i tēnei tūemi
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