BANKING BUSINESS.
A PROFITABLE YEAR. [united press assooiation-^copybight] (Received Jan. 30, 10.5 p.m.) SYDNEY, Jan. 30. The half yearly meeting of the Australian Bank of Commerce was held to-day. The report showed that after Daving interest in subscriber b deposits there was a balance of £16,222. A dividend at the rate of two-and-a-half per centum per annum was declared, absorbing £14.850. The balance, £lslO was carried forward. The chairman stated that during the half year the Bank redeemed notes of its own issue to the value of £50,475. _ The balance remaining was a negligible quantity. The profits of the banking business considerably exceeds the previous half, but there was a falling off of returns in station properties, and air new South Wales station properties had been realised on at satisfactory prices.
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Gisborne Times, Volume XXX, Issue 3437, 31 January 1912, Page 5
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131BANKING BUSINESS. Gisborne Times, Volume XXX, Issue 3437, 31 January 1912, Page 5
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