25 MAY 1929, Page 33

NEW " SPHERES OF INFLUENCE."

Evidence of activity on the part of the Scottish banks' is not merely confined to theof the balance sheets, for in the case of two of fitienisianks which have retained their independence there has been a tendency to- extend their influence south of the Tweed. Moreover, quite recently' the Cesuneitil 'Bank of Scotland - has announced an important 'hicreitse- in -its: capital and also a sub-division of its 'share of • high denominatio'n -into lower. Both of these proceedings are in accord with' modern banking requirements, and in this particular case the new issue has provided not only £500,000 of additional paid up capital, but has involved a premium of £750,000 to be added to the Reserve.

ARTHUR W. KIDDY.