10 MAY 1930, Page 36


The Union .Baiili , of Scotland is celebrating this year its centenary, and *the latest Manual report- is worthy of the occasion. There is a further increase in the annual profits, and to mark the present important occasion a bonus issue is being made to shareholders of one new share in ten fully paid, while a further issue:is being made of nue new share in ten at the price of 110. A -cash bonus has also been distributed to the staff and to retired Officers. The balance sheet accompanying -the report shows an increase of nearly 11,000,000 in the -Deposits with a similar expansion in Loans -and Advances. The balance sheet is also a liquid one with cash standing at nearly £3,000,000, • and Money' -at call of over 13,000,000, while British -Government Securities stand at /6,350,000 and

Bills (over 11,000,000 in Treasury Bills) at 12,753,000. * * * *