4 MAY 1934, Page 40

HAMBROS BANK.

The annual repffrt, of Hambros Bank indicates a con- siderable increase in general activity. The balance-sheet total on March 31st last was 125,636,839, against £21,060,082 a year previously. The Deposits advanced by 12,200,000, and there was an increase of £2,300,000 in the Acceptances, which now stand at the satisfactory total of £10,179,976. Loans and Advances also show a gain of nearly 11,000,000. On the assets side of the balance sheet the cash is higher at £3,366,624, while British Government Securities and other investments stand at £4,555,051, as compared with £3,404,969. The profit for the year, after deducting all expenses and all ascertained bad debts, was also higher at 1319,248, as _com- pared with 1293,762. An appropriation has again been made from the Contingency Fund against certain doubtful debts, but from the profit of the year a sum of £151,000 is carried to that Fund, the net result being a considerable addition to it. A final dividend is announced at 11-f- per cent. again making 18 per cent, for the year on the partly-paid shares, while the fully-paid " A " shares receive the usual 6 per cent., and the balance carried forward is £92,269. The balance-sheet shows a very strong and liquid position.