course, Lloyds Bank, the National Provincial and the West- minster
are represented, has, presented a very satisfactory Report. The business itself expanded, the balance-sheet showing a total of £8,684,000 against £6,983,000. A great expansion in Acceptances is one explanation of the advance and profits have not risen quite in the same proportion. The dividend, however, is maintained at 6 per cent. and £25,000 is again added to the Reserve, raising it to £225,000. At the annual meeting, held-this week, an able address was given by the Chairman, Sir Felix Schuster, whose favourable remarks concerning Italian currency stabilization were read with keen -interest in the City. In everything pertaining to International finance and to currency affairs, the views of Sir Felix still rank second to none, and by the many who are interested in the financial position in Italy Sir Felix Schuster's remarks were studied with the closest attention.
A. W. K.
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