16 FEBRUARY 1929, Page 36

- A GOOD START.

I am glad to note that the Anglo-French Banking Corp. oration shows from its first balance sheet, which has just been published, that a very good start has been made. The balance sheet itself reveals an extraordinarily liquid position, while inasmuch as the first balance sheet only covers a few months' operations, the total of £1,615,000 of deposits is quite a good one, acceptances also aggregate £1,233,000. _ Some idea of the liqUidity of the position may be gathered from the fact that against these deposits the cash is £857,000, while balances with banks abroad- represent L123,000, British Government Securities, including Treasury Bills, £131,000, bills discounted £177,000, and fixed deposits with British and foreign discount houses and bankers, 11,306,000.

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