16 NOVEMBER 1934, Page 36

BANKING IN AUSTRALIA.

Having regard to the difficult conditions with which banking in Australia is still confronted, I consider the recent di ridend announcement by the English, Scottish and Australian Bank, making 5 per cent. tax free for the year, as a good one. During the past year there has been a reaction in prices in Australia, and this maintenance of the 5 per cent. dividend seems to be an indication of greater stability of conditions in

the Commonwealth.