30 MARCH 1934, Page 36

NATIONAL BANK OF INDIA.

In spite of low money rates and a general contraction of commercial activities, the latest report of the National Bank of India is a satisfactory document. The gross profits showed a small decline, but there was actually a slight advance in the net profit owing to reduced expenditure. The Dividend is maintained at the usual rate of 20 per cent., and after placing £50,000 to the Pension Fund, the balance carried forward is a little higher than a year ago at £249,790, The balance-sheet shows a very liquid position, for although Deposits are a trifle lower than a year ago, the Cash is higher, and there is also an increase in the holding of British and Indian Government Securities.

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