31 DECEMBER 1937, Page 30

I am glad to note that Canadian Banking profits for

the past year are showing some slight increase. The preliminary statement of the Canadian Bank of Commerce for the year ending November 30th showed just a small increase in the profits, with a maintenance of the dividend at 8 per cent., while the total assets increased from 8638,000,000 to 865i,000,000. In the case of the Royal Bank of Canada, the net profits for the same year amounted to $3,711,000, being an increase of $207,000, while in that case also the total dividend reached 8 per cent. The total assets at $869,000,000 showed an increase of $14,000,00o, with an increase of about Sto,000,000 in Deposits to $756,000,000.