CANADIAN BAKING PROFIT'S.
A very good example of the manner in which the prosperity of banks and that of the country in which they operate react the one upon the other is furnished in the latest profit state- ment of the Bank of Montreal. In good and in bad times alike that institution has ministered to the requirements of the commercial situation in Canada, and during the past yeai the general turnover and the profits of the bank have been highly satisfactory. The preliminary profit statement shows that the total assets have now reached 873,000,000 dollars, being an increase of 42,000,000 dollars for the year, while the liquid assets of 473,000,000 dollars equal over 591 per cent. of liabilities to the public. Current Loans in Canada increased by 53,000,000 dollars, and in Great Britain and the United States the loans reached the huge total of 138,000,000 dollars. The Deposits, which now stand at 721,000,000 dollars, show an increase for the year of over 20,000,000 dollars, while the profits total 5,847,000 dollars as against 5,300,000 dollars and are equal to 9i per cent. on the bank's combined Capital Reserve and undivided profits. Both as regards directorial control and management under Sir Fredoick Williams Taylor—so well known to the London market, as well as to Montreal—the bank has undoubtedly accomplished great * * * *
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