COMMERCIAL.

Gisborne Times, Volume XXXIII, Issue 3713, 24 December 1912, Page 2

COMMERCIAL.

BANK OF N.S. WALES. The growth of a highly successful instituMori is to be read in the figures of the Bank of New South Wales for the half-year ended 30th September last, which appears in aonther column. Its liabilities and assets each aggregate over 47 millions, as against £11,401 at the date of its first balance sheet. 3st December, 1817. Its paid up capital, reserve fund, and profit carried forward amount to £5,234,838, and the steadily inreeasing growth of business has led to the Bank increasing its capital from three millions to £3,500,000 by a further issue of shares, fully subscribed since the halfyearly meeting on 26th ult. That, its strength is very great indeed is evidenced by its holding of coin, etc., £8,121,282, in addition to which it has upwards of ten millions of fluid assets irrespective of adcanves in various shapes aggregating nearly twenty-seven millions sterling, and banlc premises £BOO.OOO. Space does not permit us to deal at greater length with the affairs of this great institution—the bigges of its sort in the Southern Hemisphere—but a perusal of its figures will well repay those of our readers who are interested in such matters.

HORSE SALES. j The Tokomaru Farmers’ Co-operative Company. Ltd., will hold their next horse sale at their yards, Tokomaru Bay, on Saturday next, when they will offer light, medium, draughts and 25 hacks and harness horses. Four horses, a dray, and harness will also be offered on account of a client. Messrs Williams and Kettle will not hold their usual horse sale on Saturday next. /~i £ fi . —t? j