MONETARY INSTITUTIONS.
THE UNION BANK DECLARES A DIVIDEND OF 12 PER CENT. UNDUE SPECULATION IN LAND AND MINING STOCK. DEPRESSED STATE OF AUSTRALIAN COMMERCE. .... London, Jan. 29. tt - lnee, * ,l g of shareholders in the Union Bank of Australia a dividend of 12 per cent was adopted. .u 1 '* ad^ re »» the Chairman said that they had unduly speculated in Australian land and mining stock, but that the position of the Bank was thoroughly sound. —a . ®. m ,® etin « the English, Scottish, and Australian Bank, the Chairman referred to the depressed state of Australian com. marcs, but was hopeful of a return soon to prosperity. He announced that shares for the purpose o! increasing the capital by a quarter of a million were being issued.
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Gisborne Standard and Cook County Gazette, Volume II, Issue 254, 31 January 1889, Page 2
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124MONETARY INSTITUTIONS. Gisborne Standard and Cook County Gazette, Volume II, Issue 254, 31 January 1889, Page 2
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